241 S Kern Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 2 bed, 1 bath
ACTIVE$689,000
241 S Kern Avenue, Los Angeles, California 90022
2Beds
1Bath
1,189Sqft
5,752Lot
Price Vs. Estimate
The estimated value ($689,000) is $0 (0%) lower than the list price ($689,000). This property may be overpriced.
Key pros and cons
Top Pros:
Dual Income/Multi-Generational Potential: The property features two homes on one lot, including a bonus ADU, providing excellent flexibility for generating rental income or accommodating multi-generational living arrangements.
Top Cons:
Occupant Disturbance Restriction: The 'Do Not Disturb Occupants' clause can significantly complicate property showings and thorough inspections, potentially hindering buyer due diligence and decision-making.
Compared to the nearby listings
Price:$689.0K vs avg $670.0K (+$19,000)53%
Size:1,189 sqft vs avg 1,052 sqft57%
Price/sqft:$579 vs avg $59247%
More Insights
Built in 1947 (78 years old).
Condition: The property was built in 1947, making it over 70 years old. While the listing states it is 'well-maintained' and tenant-occupied, the visible interior images, particularly the kitchen, show dated elements. The kitchen features older painted cabinets with basic hardware, laminate countertops, and aged tile flooring, despite having a newer stainless steel range. The overall style is outdated and would require minor updates to meet current aesthetic standards. The absence of bathroom images limits a full assessment, but based on the kitchen, it's likely they are also functional but dated. This aligns with the 'Fair' category, indicating an aged home that is maintained but shows signs of being outdated and requires minor updates.
Year Built
1947
Close
-
List price
$689K
Original List price
$689K
Price/Sqft
$579
HOA
-
Days on market
-
Sold On
-
MLS number
DW25180418
Home ConditionFair
Features
Patio
View-
About this home
Do Not Disturb Occupants! Fantastic investment opportunity in East Los Angeles! This unique property offers two homes on one lot. The front home features 2 bedrooms, 1 bathroom, approximately 1,189 sq ft, with tile flooring throughout, an open floor plan, and a spacious kitchen perfect for gatherings. The rear bonus ADU includes 1 bedroom, 1 bathroom, plus an extra room that could serve as an additional bedroom, home office, or den. A long driveway provides ample parking, and a low-maintenance cement backyard sits between both units. Well-maintained and tenant-occupied, this property is ideal for investors seeking rental income or multi-generational living. Conveniently located near shopping, dining, and freeway access.
Condition Rating
Fair
The property was built in 1947, making it over 70 years old. While the listing states it is 'well-maintained' and tenant-occupied, the visible interior images, particularly the kitchen, show dated elements. The kitchen features older painted cabinets with basic hardware, laminate countertops, and aged tile flooring, despite having a newer stainless steel range. The overall style is outdated and would require minor updates to meet current aesthetic standards. The absence of bathroom images limits a full assessment, but based on the kitchen, it's likely they are also functional but dated. This aligns with the 'Fair' category, indicating an aged home that is maintained but shows signs of being outdated and requires minor updates.
Pros & Cons
Pros
Dual Income/Multi-Generational Potential: The property features two homes on one lot, including a bonus ADU, providing excellent flexibility for generating rental income or accommodating multi-generational living arrangements.
Immediate Rental Income: Being tenant-occupied, the property offers immediate cash flow for investors, eliminating the vacancy period often associated with new acquisitions.
Convenient Location: Strategically located near shopping, dining, and freeway access, enhancing its appeal to tenants and residents seeking urban conveniences.
Ample Parking: A long driveway provides significant off-street parking, a valuable amenity in Los Angeles that adds convenience for occupants and guests.
Low-Maintenance Exterior: The low-maintenance cement backyard reduces upkeep requirements, appealing to both tenants and owners looking for hassle-free outdoor space.
Cons
Occupant Disturbance Restriction: The 'Do Not Disturb Occupants' clause can significantly complicate property showings and thorough inspections, potentially hindering buyer due diligence and decision-making.
Property Age & Potential for Updates: Built in 1947, the property may have aging infrastructure and systems (e.g., plumbing, electrical) that could require substantial capital investment for modernization or deferred maintenance.
Vague ADU Specifications: While the ADU is a strong asset, the description lacks specific square footage for the bonus unit, making it challenging to fully assess its size, condition, and overall value without further investigation.