Detached Triplex
For Sale
$699,000
606 S Kern Avenue, East Los Angeles, CA 90022
East Los Angeles, CA
Property Size1,553 SF
Lot Size0.13 Acres
Price / SF$450.10
Days on Market493
Property Features for 606 S Kern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
LCR2*
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2
Parking
3
Appliances
Gas Range
Lot features
2-5 Units/ Acre
Directions
South 60 Freeway, East Arizona Ave.
Subdivision
ELA - East Los Angeles
Standard status
Active
APN
5240004002
Lot size
0.13 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1926
Floors in Building
1
Number of units
3
Flooring type
Tile, Vinyl, Wood
Roof type
Flat
Listing Agency:
RE/MAX MASTERS REALTY · RE/MAX International
(909) 445-8100
Listed By:
Razi Farzad · License #01230673
(626) 967-1779
Added: May 1, 2025
Changed: Sep 2
Last Checked: Sep 5 at 4:06PM
MLS# CV25097203
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex comprises three detached residential units totaling 1,553 square feet. The unit mix includes one two-bedroom, one-bath residence, one one-bedroom, one-bath residence, and a studio. Interior finishes include wood, vinyl, and tile flooring, while a gas range is provided. The property has a flat roof and was built in 1926.
The 0.1259-acre property is zoned LCR2*. Public water and public sewer serve the site. Shops, schools, restaurants, and freeway access are located nearby. The property is at 606 S Kern Avenue in East Los Angeles, California.
The 0.1259-acre property is zoned LCR2*. Public water and public sewer serve the site. Shops, schools, restaurants, and freeway access are located nearby. The property is at 606 S Kern Avenue in East Los Angeles, California.
Key Highlights
- Three detached units with 2‑bedroom, 1‑bath; 1‑bedroom, 1‑bath; and studio configurations
- 1,553 square feet across the triplex
- 0.1259‑acre lot at 606 S Kern Avenue, East Los Angeles, CA 90022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,613
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$712,260
$712.3K
Cap Rate 7%
$508,757
$508.8K
Cap Rate 9%
$395,700
$395.7K
Market Conditions
NOI Build-Up for 1,553 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.2K $33.60/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$50.9K $32.76/SF
− OpEx
−$15.3K −$9.83/SF
NOI
$35.6K $22.93/SF
Area
ZIP 90022
Vacancy
2.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$712,260
Cap Rate 7%
$508,757
Cap Rate 9%
$395,700
Alternative Uses
Best Use
Multifamily LT 5
$508.8K
$445.2K – $593.6K
NOI $35,613 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$463.8K
$405.9K – $541.1K
NOI $32,468 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$632.7K
$553.7K – $738.2K
NOI $44,292 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a two-bedroom unit, a one-bedroom unit, and a studio.
Where is this triplex located?
The property is located at 606 S Kern Avenue East Los Angeles, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three detached units with 2‑bedroom, 1‑bath; 1‑bedroom, 1‑bath; and studio configurations; 1,553 square feet across the triplex; 0.1259‑acre lot at 606 S Kern Avenue, East Los Angeles, CA 90022
