951 S Kern, Los Angeles, California 90022, Los Angeles, 90022 - 0 bed, 0 bath
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Los Angeles, California 90022
This Value-Add Duplex represents a High-Potential Investment Opportunity with a List Price of $599,999, positioned accurately near its $593,788 Fair Market Value. Currently featuring a Condition Rating of 5, the asset requires rehabilitation but offers immense upside through the renovation of two 2-bedroom units and a potential ADU conversion on the expansive 6,795 sqft lot. Situated in a high-demand rental market with easy access to Downtown LA, this is a prime acquisition for Buy-and-Hold Investors or Contractors seeking to maximize ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 951 S Kern Subject | $599,999* List Price | 0 | 0 | 1,466 | $405 | - |
A 618 S Mcbride Avenue Sold | $626,000 | 0 | 0 | 1,319 | $475 | 0.4 mi |
B 468 S Fetterly Sold | $700,000 | 5 | 2 | 1,888 | $371 | 0.6 mi |
C 1347 Fraser Avenue 1-3 Active | $630,000 List Price | 0 | 0 | 1,541 | $409 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929, this duplex is marketed as a value-add opportunity for contractors and investors. The property features outdated kitchens and bathrooms, unpermitted expansions, significant cracking in the exterior concrete, and relies on window AC units. The overall condition suggests a need for substantial rehabilitation and modernization of major systems to meet current market standards.
As a dual-unit residential income property in a high-demand rental market, this duplex offers significant upside potential for investors to maximize cash flow through strategic renovations.
The property is ideally situated in the heart of East Los Angeles with excellent proximity to major freeways, employment hubs, and Downtown LA, ensuring long-term desirability and low vacancy rates.
The generous 6,795 sqft lot includes a detached garage structure between the units, providing a prime opportunity for an ADU conversion or further expansion to increase the property's total value.
The rear unit includes unpermitted square footage, which may present challenges with traditional financing, appraisals, and future city compliance requirements.
Built in 1929 and marketed as a value-add opportunity for contractors, the property likely requires substantial capital expenditure for modernization and structural updates to meet current market standards.
Great opportunity to acquire a duplex property located in the heart of East L.A., offering strong upside potential for the right buyer. The front unit is legally a 2-bedroom, 1-bath and features a spacious layout including a living room, dining area, and large kitchen. The rear unit is also legally a 2-bedroom, 1-bath, with additional space from prior unpermitted expansions that increase its functional footprint. The property also has a separate garage structure positioned between both units, providing additional flexibility for future use (buyer to verify). Excellent location with convenient access to major freeways, employment centers, shopping, and Downtown Los Angeles. Ideal for investors, contractors, or buyers looking to add value in a centrally located rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,466 | 1,814.5 | 29% |
| Lot Size | 6,795 | 6,351 | 79% |
| Price | $600.0K | $747.0K | 14% |
| Price per sq ft | $409 | $426 | 50% |
| Built year | 1929 | 1929 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 239 | 7% |
Apr 2, 2026
$599,999
Initial Listing
Aug 17, 2009
$346,000
Public Record