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

307 South Burlington Avenue

^$ 1,300,000

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307 South Burlington Avenue

Los Angeles, CA, 90057

^$ 1,300,000

Studio Baths0.0 Sq 3,976

Monthly Estimate*

^$ 9,081

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

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

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

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

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

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

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

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

Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,300,000. This 3,976 square foot home was built in 1925 on a lot size of 0.12.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.12

Year Built

1925

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024374935

Features

General

Sewer None

Zoning LAC2

Year Built 1925

Levels Two

County Los Angeles

Net Operating Income 60220.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5397.0

Street Name Burlington

Standard Status Active

Year Built Source Assessor

Buyer Agent Compensation Type %

Exterior

Lot Size Area 5397.0

Building Area Total 3976.0

Lot Size Acres 0.12

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Sean Rosenzweig

Listing Agent

Marcus & Millichap

Broker

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 ^$2,033,241

Percent of Sale Price 56%

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.

793437 Elementary School

793428 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 South 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 0.12. 307 South Burlington Avenue is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/9/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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307 South Burlington Avenue

Multi-Family Home for sale in Los Angeles, CA

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