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$1,000,000
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Property Description
Investor's dream in the heart of East Los Angeles, this multiple unit property at 723 Kern Ave presents a rare opportunity to acquire a high-density rental property totaling 7 apartments across nearly 3,000 sq ft of living space. Whether you're a buy-and-hold investor or looking for your next value-add project, this property offers the fundamentals that drive long-term returns. This is the kind of East LA asset that doesn't hit the market often with stable income today, serious upside tomorrow. With a prime location in one of LA's most competitive rental markets, 723 Kern Ave is ready for your portfolio.
Full Property Details
Full Property Details for 723 S Kern Ave
General
- Sold For: $1,000,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW25173489
- Added to Site: 170 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: ELA - East Los Angeles
- County: Los Angeles
- Development Name: ELA - East Los Angeles
- Driving Directions: exit Atlantic Blvd (South), left on Telegraph, right on Arizona Ave, Right on Hubbard St, Right on Kern Ave. right side of the street
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Architectural Style: Traditional
- Foundation: Raised, Slab
- Roof: Composition, Rolled/Hot Mop, Shingle
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,991
- Year Built: 1947
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.179
- Lot Size Source: Assessor
- Zoning: LCR3*
- Lot Description: Level with Street, Lot 6500-9999
Financial Considerations
- Price Per Sq. Ft.: $334.34
- Price Per Unit: 157143
Listed by Circa Properties, Inc., James Oronoz
Sold by Century 21 Realty Masters, DANIEL PEREZ
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Schools
Schools serving 723 S Kern Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Ford Boulevard Elementary School 1112 South Ford Boulevard, Los Angeles, CA 90022 | K-5 | 0.4 mi |
David Wark Griffith Middle School 4765 E. Fourth St., Los Angeles, CA 90022 | 6-8 | 0.6 mi |
James A. Garfield Senior High School 5101 E. Sixth St., Los Angeles, CA 90022 | 9-12 | 0.5 mi |
Hilda L. Solis Learning Academy School Of Technology, Business And Education 319 North Humphreys Avenue, Los Angeles, CA 90022 | 9-12 | 1.1 mi |
Engineering And Technology Academy At Esteban E. Torres High No. 3 4211 Dozier Street, Los Angeles, CA 90063 | 9-12 | 1.3 mi |
East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2 4211 Dozier Street, Los Angeles, CA 90063 | 9-12 | 1.3 mi |
Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4 4211 Dozier Street, Los Angeles, CA 90063 | 9-12 | 1.3 mi |
Social Justice Leadership Academy At Esteban E. Torres High No. 5 4211 Dozier Street, Los Angeles, CA 90063 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 723 S Kern Ave
Date
Details
Price
Change
Source
9/18/2025
Sold
$1,000,000
-9.09%
MLS
8/05/2025
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
723 S Kern Avenue, East Los Angeles, CA 90022 (MLS# PW25173489) is a Multi-Family property that was sold at $1,000,000 on September 18, 2025. Want to learn more about 723 S Kern Avenue? Do you have questions about finding other Multi-Family real estate for sale in East Los Angeles? You can browse all East Los Angeles real estate or contact a Coldwell Banker agent to request more information.

