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1226 S Kern Avenue, Los Angeles, CA 90022
$899,000
1226 S Kern Avenue, Los Angeles, CA 90022View this property at 1226 S Kern Avenue, Los Angeles, CA 90022
1226 S Kern AvenueLos AngelesCA90022
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Property Description
Welcome to an exceptional investment opportunity in East Los Angeles, California! This property boasts a total of five bedrooms and three bathrooms, divided among two units, making it an ideal income-generating asset. 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 promising income property in a sought-after location in East Los Angeles. Contact us today to learn more and schedule a viewing of this remarkable investment property!
Full Property Details
Full Property Details for 1226 S Kern Ave
General
- Price: $899,000
- Status: Active
- Type: Duplex
- MLS ID: CV24076048
- Updated: 4/23/2024
- Days on Market: 17 days
- Added to Site: 17 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Individual Room
Additional Information
- Pool Description: None
Location
- County: Los Angeles
- Driving Directions: E Olympic and S Arizona Ave
School Information
- School District: Los Angeles Unified
Community
- Community Features: Sidewalks
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Duplex
- Common Walls: 2 Common Walls (or More)
- Entry Location: street
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,687
- Sq. Ft. Source: Assessor
- Year Built: 1929
- Year Built Source: Assessor
Lot Features
- Property View: None
- Lot Size (Acres): 0.1432
- Lot Size (Sq. Ft.): 6,237
- Lot Size Source: Assessor
- Zoning: LCR4*
- Lot Description: Back Yard, Front Yard
Financial Considerations
- Price Per Sq. Ft.: $532.9
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Standard
Listed by Coldwell Banker Leaders, John Chapman
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Schools
Schools serving 1226 S Kern Ave
School District:Montebello Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1277 Clela Ave, Los Angeles, CA 90022 | K-5 | 0.3 mi | |
1600 W Whittier Blvd, Montebello, CA 90640 | 6-8 | 2.9 mi | |
2100 W Cleveland Ave, Montebello, CA 90640 | 9-12 | 2.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1226 S Kern Ave
Date
Details
Price
Change
Source
4/16/2024
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1226 S Kern Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,366
43%
$698,700
49%
2022
$6,561
3%
$469,623
2%
2021
$6,350
1%
$460,415
1%
2020
$6,305
-19%
$455,695
2%
2019
$7,775
-1%
$446,760
2%
2018
$7,858
387%
$438,000
631%
2017
$1,613
3%
$59,940
2%
2016
$1,566
3%
$58,766
2%
2015
$1,518
—
$57,884
2%
2014
$1,517
1%
$56,751
—
2013
$1,505
—
$56,496
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1226 S Kern Ave
1226 S Kern Avenue, Los Angeles, CA 90022 (MLS# CV24076048) is a Duplex property with 5 bedrooms and 3 full bathrooms. 1226 S Kern Avenue is currently listed for $899,000 and was received on April 16, 2024. Want to learn more about 1226 S Kern Avenue? Do you have questions about finding other Duplex real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.