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Los Angeles, CA 90057 307 S Burlington Avenue

$1,300,000

307 S Burlington Avenue Los Angeles, Ca - Image 1307 S Burlington Avenue Los Angeles, Ca - Image 2307 S Burlington Avenue Los Angeles, Ca - Image 3
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Presented By: Sean Rosenzweig with Marcus & Millichap;
  • MLS# 24374935
  • 04/01/2024
  • Request Tour
  • Request Info
  • BedBeds • 2
  • BathBaths • 10
  • FootageSQFT • 3,976

Home Details

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.
Presented By: Sean Rosenzweig with Marcus & Millichap;

Interior Features for 307 S Burlington Avenue

Bedrooms

Total Bedrooms2

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths10

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2

General for 307 S Burlington Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.63
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsSouth of 3rd Street and West of Union Avenue.
Garage Y/NNo
Gross Income117906.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5397.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income60220.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameBurlington
Total Units10
View Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningLAC2

Exterior for 307 S Burlington Avenue

Building Area Total3976.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1239
Lot Size Area5397.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,300,000
MLS#24374935
List Date 04/01/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors