203 N Kern, Los Angeles, California 90022, East Los Angeles, 90022 - 3 bed, 2 bath
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203 N Kern
Los Angeles, California 90022
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,140Sq Ft
2,865Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$715,254
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $715,255 Fair Market Value by 2%. This valuation gap offers $15,255 in Instant Equity. Currently configured as a 4-unit multi-family asset with covered parking, the property requires significant work due to its Fair Condition Rating and unpermitted status. This is a complex acquisition requiring legal due diligence, making it an ideal project for Buy-and-Hold Investors or experienced developers focused on long-term rental income.
Estimated Market Value
$715,254
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 203 N Kern Subject | $700,000* List Price | 3 | 2 | 1,140 | $627 | - |
A 4815 E 6th St Active | $825,000 List Price | 3 | 2 | 1,110 | $743 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1967 (57 years old), this property features unpermitted conversions into four units, which indicates significant potential for safety, structural, and electrical code violations. While the listing mentions 'some upgrades,' the illegal nature of the modifications and the visible wear on the exterior suggest a need for a full professional rehab to bring the property to legal and modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property is currently configured as a four-unit complex, offering substantial rental income opportunities that far exceed a typical single-family residence in this price bracket.
- On-Site Parking
The inclusion of covered parking provides a significant competitive advantage in a high-density East Los Angeles neighborhood where street parking is often scarce.
- Interior Improvements
Select units within the property have received recent upgrades, reducing the immediate need for capital expenditures and allowing for quicker tenant placement.
CONSRISKS & DEFICIENCIES
- Unpermitted Conversion
The conversion to a four-unit property was performed without permits, which presents significant risks regarding financing, insurance, and potential city enforcement actions.
- High Density on Limited Lot
Housing four separate units on a modest 2,865 square foot lot results in a lack of private outdoor space and may lead to a cramped living environment for residents.
About 203 N Kern
This home has been converted without permits to a 4 unit property. 2 units are 2 bedroom 1 bath and 2 units are 1 bedroom 1 bath. Some of the units have some upgrades, Covered parking available. You can really make this one into a fantastic investment property or convert it back to a Single Family Home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1967
- Lot Size
- 2,865 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.7 |
| Baths | 2.0 | 1.8 |
| Square foot | 1,140 | 1,233.667 |
| Lot Size | 2,865 | 4,996.333 |
| Price | $700.0K | $693.8K |
| Price per sq ft | $614 | $652 |
| Built year | 1967 | 1938 |
| HOA | $0 | $0 |
| Days on market | 22 | 89 |
Pricing History
Listed for Sale
Aug 18, 2026
$700,000
Initial Listing