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.
Sold for $1,000,000 on 09/18/25
Listing Provided by:
James Oronoz DRE #02056694 714-203-6814,
Circa Properties, Inc.
Bought with: CENTURY 21 REALTY MASTERS
$1,000,000
723 S Kern Ave, Los Angeles, CA 90022
8beds
7baths
2,991sqft
Multi Family
Built in 1947
-- sqft lot
$996,700 Zestimate®
$334/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 19, 2025 at 09:35am
Listing Provided by:
James Oronoz DRE #02056694 714-203-6814,
Circa Properties, Inc.
Bought with:
DANIEL PEREZ, DRE #01789400
CENTURY 21 REALTY MASTERS
Source: CRMLS,MLS#: PW25173489
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
Appliances
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall,No One Above
Interior area
- Total structure area: 2,991
- Total interior livable area: 2,991 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned
- Uncovered spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Chain Link
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,797 sqft
- Features: Street Level
Details
- Parcel number: 5240002004
- Zoning: LCR3*
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Raised, Slab
- Roof: Composition,Rolled/Hot Mop,Shingle
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Street Lights, Sidewalks, Urban
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Road surface type: Paved
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Estimated market value
$996,700