311 S Burlington Avenue Los Angeles, CA ^$ 875,000

311 S Burlington Avenue

^$ 875,000

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Recently Listed

311 S Burlington Avenue

Los Angeles, CA, 90057

^$ 875,000

Bedrooms3 Baths3.0 Sq 1,550

Monthly Estimate*

^$ 6,112

Listed by The Collective Realty

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Multi-Family Home for sale in Los Angeles, CA

for $875,000 with 3 bedrooms and 3 full baths. This 1,550 square foot home was built in 1910 on a lot size of 0.1237.

ATTENTION DEVELOPERS! OPPORTUNITY TO BUILD 24 UNITS. This triplex to be delivered 1/3 vacant is located in the rapidly developing area of Westlake just southeast of Echo Park/Historic Filipino town and has massive upside potential. Zoned R4, with TOC incentives the lot has the opportunity to build up to 24 UNITS (buyer to verify) and is perfect for an investor/developer who is looking to build. Great owner/user potential as one of the units is vacant. The front building is composed of a duplex with two 1 bedroom units. The rear is a completely renovated stand-alone one bedroom unit that is currently vacant. Close to all the shops and restaurants in Virgil Village, Silver Lake, Echo Park, Historic Filipinotown, and DTLA. Easy access to the 101 freeway.

Multi-Family Active

Price

^$ 875,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Lot Size

0.1237

Year Built

1910

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24366153

Days on Market

Features

General

Sewer SewerTapPaid

Heating WallFurnace

Possession CloseOfEscrow

Zoning LAR4

Architectural Style Traditional

Pool Features None

Security Features GatedCommunity

Construction Materials Stucco

Year Built 1910

Tenant Pays Electricity Gas

View CityLights

Stories 1

Levels One

Gross Income 35170.0

Community Features Gated

County Los Angeles

Net Operating Income 31067.14

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction East

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions SW from 101 Freeway on N Alvarado St SE on W 3rd St.

City Los Angeles

Disclosures ListingBrokerAdvantage RentControl

Entry Location Ground Level w/steps

View Y/N Y

Senior Community Y/N N

Total Units 3

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5390.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Burlington

Spa Features None

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 Y

Days on Market 8

Standard Status Active

Year Built Source Assessor

Exterior

Parking Features None

Water Source Public

Total Parking 0.0

Lot Size Area 5390.0

Number of Buildings 2

Spa N

Building Area Total 1550.0

Lot Size Acres 0.1237

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 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 3

Electric On Property Y/N N

Total Baths 3

Internal Only

Street Number 1 311

* Excluded Features

List By

The Collective Realty

Broker

(323) 363-1096

Phone

Affordability Calculator

$6,112

Per Month

Monthly Principal & Interest: $6,112
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 131%

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
4/15/2024	$875,000		Listed Price

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311 S Burlington Avenue, Los Angeles, CA, 90057 is a Multi-Family Home for sale at $875,000 with 1,550 sqft and a lot size of 0.1237. 311 S Burlington Avenue has 3 bedrooms, 3.0 baths, and was built in 1910. 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 5/2/2024. 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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311 S Burlington Avenue

Multi-Family Home for sale in Los Angeles, CA

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