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19
Photos
1226 S Kern Avenue, Los Angeles, CA 90022
$849,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
3
baths
1,687
sqft
Built in
1929
MAJOR PRICE IMPROVEMENT!!! Welcome to an exceptional investment opportunity in East Los Angeles, California! This property boasts a Total of 5 bedrooms and 3 bathrooms, divided among two units, making it an ideal income-generating asset. Front Unit is a 2 Bedroom, 1 Bathroom. Rear Unit is a 3 Bedroom, 2 Bathrooms. Currently offering a fantastic rental income potential, the property features below-market rents, providing a significant value-add opportunity for savvy investors. The existing tenants at this location have been reliable occupants for years, enhancing the appeal of this investment property. The area is known for its high demand for rental properties, ensuring a steady stream of potential tenants. Additionally, the property includes ownership of solar panels that were installed in 2021. Prospective investor buyers can inquire about acquiring the current financing arrangement for solar ownership, adding to the property's appeal as a sustainable investment. Furthermore, the current owner has plans to add two additional dwelling units to the property and possesses all the necessary specifications for this expansion. For those interested in exploring this opportunity, the owner's plans can be shared upon request. It is important to note that any potential investor should conduct their own due diligence with the city regarding the requirements and regulations for additional dwelling units (ADUs). This ensures compliance with local laws and regulations, providing a smooth transition for any planned expansions. Don't miss out on this rare opportunity to invest in a promi
Features & Amenities
Interior
- Laundry:
- Laundry Room
- A/C:
- Central Forced Air,Wall/Window
- Fireplace:
- N/K
Exterior
- Pool:
- None
- Parking:
- Parking spaces: 0
Construction
- General:
- 1 Story
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- California Regional MLS
- County:
- Los Angeles
Lot
- Zoning:
- LCR4*, 5246023010
- View:
- N/K
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- California Regional MLS
This listing courtesy of:
COLDWELL BANKER LEADERS, John Chapman
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Los Angeles, CA
Housing
- Number of Units
- 906,276
- Median Home Value
- $764,749
- Median Rent
- $1,399
71.58% of housing units are renter occupied.
6.82% are vacant.
Commute
- Car
-
56.67%
- Public Transportation
-
8.41%
- Walk to Work
-
3.27%
- Work from Home
-
29.71%
- Other
-
1.00%
The median travel time to work is 25 minutes.
People
- Population
- 2,373,885
- Median Age
- 35.80
- Median Household Size
- 2.78
Education
- High School
-
18.57%
- Associate’s Degree
-
5.55%
- Bachelor’s Degree
-
22.72%
- Graduate Degree
-
12.23%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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