$1,550,000
1711 S Burlington AVE Los Angeles, CA 90006
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$1,550,000
Est. payment /mo
10 BD
9 BA
5,460 SqFt
Active Under Contract
1711 S Burlington AVE Los Angeles, CA 90006
UPDATED:
11/18/2024 09:45 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,460 sqft
Price per Sqft $283
MLS Listing ID 24448549
Bedrooms 10
HOA Y/N No
Year Built 1912
Lot Size 7,827 Sqft
Property Description
Welcome to 1711 Burlington Ave, a classic Craftsman-style building situated at the vibrant edge of Koreatown. This 8-unit property offers a rare value-add opportunity with immediate cash flow potential, making it an excellent investment for savvy buyers. With many units already updated, there's still room for improvement and enhancement, allowing the new owner to increase rental income further. Nestled at the intersection of Koreatown, residents will enjoy convenient access to an eclectic mix of dining, shopping, and entertainment options, along with excellent public transit connections. The property sits on a generous 7,823 sq ft lot, presenting an exciting opportunity to capitalize on SB 1211. The new owner could potentially build up to 8 additional ADUs (Accessory Dwelling Units), maximizing both rental income and property value. With existing tenants in place and strong rental demand in the area, this building promises cash flow from day one, ensuring a solid return on your investment. The building's classic Craftsman architecture features create a warm atmosphere that tenants will love. DRIVE BY ONLY, DO NOT DISTURB TENANTS
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Garage Uncovered
View Y/N No
View None
Total Parking Spaces 10
Building
Story 2
Entry Level One
Architectural Style Craftsman
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5135011012
Special Listing Condition Standard
Listed by Michael Matthias • Skylight Real Estate Advisors, Inc.