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506 S Kern Ave presents a rare opportunity to acquire a FULLY VACANT 4-unit multifamily asset in one of Los Angeles' fastest- growing neighborhoods. Upon stabilization, the property is projected to achieve an attractive 7.23% Cap Rate and 9.88 GRM, offering investors strong in-place cash flow potential. Situated on a spacious 6,000+ square foot lot, the property includes four on-site parking spaces, further enhancing its long-term value and tenant appeal. All four units will be delivered fully vacant and move-in ready, allowing a new owner to lease at market rents immediately without the challenges of tenant relocation. Once fully leased, the property is projected to generate over $10,000 in scheduled monthly rental income. Whether for an investor seeking strong cash flow or an owner- user looking to occupy a unit while maximizing rental income from the remaining units, 506 S Kern Ave offers exceptional flexibility and upside. Ideally located in a rapidly appreciating submarket, the property is within close proximity to major employment and educational centers, including the USC Keck School of Medicine and the East Los Angeles Civic Center, as well as a growing collection of popular restaurants, cafés, and neighborhood amenities, including Sofreh.
Property Type(s):
Residential Income
| Last Updated | 7/15/2026 | Year Built | 1962 |
|---|---|---|---|
| Community | 699 - Not Defined | County | Los Angeles |
Additional Details
| AREA | 699 - Not Defined |
|---|---|
| LOT | 6399 sq ft |
| LOT DIMENSIONS | 6400 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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