307 S Burlington Ave, Los Angeles, CA 90057

$1,300,000
2
BD
10
BA
3,976
SqFt
List Price
$1,300,000
MLS#
24-374935
Year Built
1925
Bedrooms
2
Bathrooms
10
Living Sq. Ft
3,976
Lot Size
5,397
Days on Market
19
Property Type
Multifamily
Stories
2

Property Description

I am pleased to offer for sale a 10-unit apartment community located at 307 South Burlington Avenue. The subject property is located south of 3rdStreet within the Westlake sub-market, which borders three thriving markets Koreatown, Downtown, and Echo Park. Situated on a 5,397 square foot parcel, the property is comprised of four singles, four studios, and two one-bedroom units. The property has 44% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 307 South Burlington Avenue an excellent acquisition opportunity.

Additional Information

Other Buildings
None
Heat
Other
Cooling
Other
Number of Cars in Garage
None

Mortgage Calculator

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Courtesy of Marcus & Millichap, Sean Rosenzweig - CA DRE#01406343

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