307 S Burlington Avenue Los Angeles, CA ^$ 1,300,000

307 S Burlington Avenue

^$ 1,300,000

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307 S Burlington Avenue

Los Angeles, CA, 90057

^$ 1,300,000

Bedrooms2 Baths10.0 Sq 3,976

Monthly Estimate*

^$ 9,081

Listed by Marcus & Millichap

307 S Burlington Avenue, Los Angeles, CA 90057 - Image 1

307 S Burlington Avenue, Los Angeles, CA 90057 - Image 2

307 S Burlington Avenue, Los Angeles, CA 90057 - Image 3

307 S Burlington Avenue, Los Angeles, CA 90057 - Image 4

307 S Burlington Avenue, Los Angeles, CA 90057 - Image 5

307 S Burlington Avenue, Los Angeles, CA 90057 - Image 6

307 S Burlington Avenue, Los Angeles, CA 90057 - Image 7

307 S Burlington Avenue, Los Angeles, CA 90057 - Image 8

Multi-Family Home for sale in Los Angeles, CA

for $1,300,000 with 2 bedrooms and 10 full baths. This 3,976 square foot home was built in 1925 on a lot size of 0.1239.

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.

Multi-Family Active

Price

^$ 1,300,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1239

Year Built

1925

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24374935

Days on Market

Features

General

Zoning LAC2

Year Built 1925

Stories 2

Levels Two

Gross Income 117906.0

County Los Angeles

Net Operating Income 60220.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions South of 3rd Street and West of Union Avenue.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5397.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Burlington

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Year Built Source Assessor

Cap Rate 4.63

Exterior

Parking Features None

Total Parking 0.0

Lot Size Area 5397.0

Number of Buildings 1

Spa N

Building Area Total 3976.0

Lot Size Acres 0.1239

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 2

Electric On Property Y/N N

Total Baths 10

Internal Only

Street Number 1 307

* Excluded Features

List By

Marcus & Millichap

Broker

(213) 943-1897

Phone

Affordability Calculator

$9,081

Per Month

Monthly Principal & Interest: $9,081
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,020,253

Percent of Sale Price 55%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/1/2024	$1,300,000		Listed Price

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307 S Burlington Avenue, Los Angeles, CA, 90057 is a Multi-Family Home for sale at $1,300,000 with 3,976 sqft and a lot size of 0.1239. 307 S Burlington Avenue has 2 bedrooms, 10.0 baths, and was built in 1925. The property's zip code is 90057 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/3/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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307 S Burlington Avenue

Multi-Family Home for sale in Los Angeles, CA

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