1114 S Kern Avenue, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath

1114 S Kern Avenue, Los Angeles, California 90022 home-pic-0
ACTIVE$739,000
1114 S Kern Avenue, Los Angeles, California 90022
0Bed
0Bath
2,753Sqft
6,209Lot
Year Built
1924
Close
-
List price
$739K
Original List price
$830K
Price/Sqft
$268
HOA
-
Days on market
-
Sold On
-
MLS number
P1-20568
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $739.0K(12th), sqft - 2753(71th), beds - undefined(50th), baths - undefined(50th).

This fixer-upper triplex presents an incredible investment opportunity for those looking to expand their portfolio. According to property assessor records, the property is classified as a triplex, offering a variety of living spaces with strong rental potential. The front house is currently configured as a 2-bedroom, 1-bath single-family home, with a separate studio unit in the rear portion featuring a 3/4 bath and outdoor laundry hookups. Additionally, the property includes two townhouse-style units, each offering 2 bedrooms and 1.5 baths. On the first floor, tenants enjoy a spacious living room, dining area, kitchen, and a half bath, while the second floor features two well-sized bedrooms and a full bath. A long driveway provides ample parking, and a detached 2-car garage, currently used for storage, adds extra utility. At the back of the property, there is a covered patio or potential carport. This property is in need of repairs and is being sold as-is, making it an excellent option for investors looking to renovate and increase rental value. The sale includes current tenants in place, and interested buyers are kindly asked to not disturb tenants. Whether you're seeking a long-term income property or a renovation project with great upside potential, this triplex is a fantastic opportunity.

Price History

Date
Event
Price
05/18/12
Sold
$320,000
07/13/07
Sold
$669,000
10/07/03
Sold
$365,000
05/01/96
Sold
$215,000
Condition Rating
Poor

This property, built in 1924, is explicitly described as a 'fixer-upper' and 'in need of repairs,' sold 'as-is.' The images confirm this assessment, showing extremely dated and worn conditions throughout. The kitchens feature old, basic wood cabinets, worn countertops, and outdated appliances. Critically, one kitchen (Image 9) shows severe water damage and potential mold on the ceiling, indicating significant structural or roof issues. Bathrooms are very basic with old fixtures and show signs of wear and neglect (Image 5, 10). Flooring consists of old tiles and laminate, and light fixtures are basic and outdated. There's no evidence of central cooling/heating, with window AC units visible in some areas. Given its age and the visible significant defects, the property requires substantial repairs and rehabilitation, including major system replacements, aligning with a 'Poor' condition score.
Pros & Cons

Pros

Multi-Unit Income Potential: Classified as a triplex with strong rental potential, offering multiple income streams for investors.
Diverse Unit Mix: Features a varied configuration of units (2-bed house, studio, two 2-bed/1.5-bath townhouses), appealing to a broader tenant base.
Significant Value-Add Opportunity: Being a 'fixer-upper' sold 'as-is' provides substantial upside for renovation and increased rental value and equity.
Ample Parking & Utility Space: Includes a long driveway for ample parking and a detached 2-car garage, adding valuable tenant amenities and potential for future use.
Generous Lot Size: A 6,209 sqft lot offers potential for expansion, additional dwelling units (ADUs), or enhanced outdoor amenities.

Cons

Extensive Renovation Required: The property is explicitly a 'fixer-upper' and 'in need of repairs,' sold 'as-is,' necessitating significant capital investment and project management.
Tenant Occupied Sale: Current tenants are in place, limiting immediate access for thorough inspections and potentially complicating the renovation process or ownership transition.
Age of Property: Built in 1924, the property likely has older systems and components that may require extensive upgrades, increasing renovation costs and potential for unforeseen issues.

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