723 S Kern Avenue, East Los Angeles, CA 90022
- $1,000,000
- Sold Price
- $1,000,000
- List Price
- $1,100,000
- Closing Date
- Sep 18, 2025
- Status
- CLOSED
- MLS#
- PW25173489
- Year Built
- 1947
- Lot Size
- 7,797
- Acres
- 0.18
- Lot Location
- Street Level
- Days on Market
- 14
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Apartment
- Stories
- One Level
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.
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Additional Information
- Pool Description
- None
- View
- Neighborhood
- Exterior Construction
- Stucco
- Roof
- Composition, Rolled/Hot Mop, Shingle
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $78,360
- Operating Expense
- 23775
Listing courtesy of Listing Agent: James Oronoz (joronozrealtor@gmail.com) from Listing Office: Circa Properties, Inc..
Listing sold by DANIEL PEREZ from CENTURY 21 REALTY MASTERS
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.