Sold for $1,000,000

Listed by: Circa Properties, Inc. • James Oronoz • Contact: 714-203-6814

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

$997,800 Zestimate^®

$334/sqft

$3,219 Estimated rent

Home value

$997,800

$908,000 - $1.10M

$3,219/mo

Zestimate^® history

Owner options

List your home for rent

$3,219/mo

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$3,219/mo

Rent Zestimate^®

Refinance and save

$6,427/mo

Est. payment

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$6,427/mo

Est. payment

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What's special

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.

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 Square Feet
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 & HOA

Community

Features: Street Lights, Sidewalks, Urban
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $334/sqft
Date on market: 8/5/2025
Cumulative days on market: 15 days
Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Tenant pays: Electricity, Gas
Road surface type: Paved

Price history

Date	Event	Price
9/18/2025	Sold	$1,000,000-9.1%$334/sqft
Source: CRMLS #PW25173489 Report a problem
9/10/2025	Pending sale	$1,100,000$368/sqft
Source: CRMLS #PW25173489 Report a problem
8/22/2025	Contingent	$1,100,000$368/sqft
Source: CRMLS #PW25173489 Report a problem
8/5/2025	Listed for sale	$1,100,000$368/sqft
Source: CRMLS #PW25173489 Report a problem