$2,050,000

4312 Burns Avenue, Los Angeles, CA 90029

5,760

Square feet

9,570

Lot Size

10

# Of Units

Listing Agent
Jason Tuvia - Marcus & Millichap

We are pleased to present a ten (10) unit apartment building located at 4312 Burns Avenue in Los Angeles, California. The subject property is situated in a prime Virgil Village location one block outside of Silver Lake, west of North Virgil Avenue and south of Santa Monica Boulevard. Built in 1923, this property contains a streamlined unit mix of ten (10) one-bedroom / one-bathroom units across three (3) detached buildings on a large 9,570 square foot lot with Tier 3 TOC development incentives. Just past the gated and secure entryway is a charming center courtyard. The units feature individual water heaters and copper plumbing throughout. Tenants will love being within walking distance so some of the trendiest restaurant, retail, and entertainment amenities across Virgil Village and Silver Lake. Some of these amenities include Alma's Cider & Beer right next door, Bolita, Virgil Normal, Erewhon Market, The Black Cat, Bacari Silverlake + Bar Bacari, Pine and Crane, and many more. Outdoor recreation is also available less than half a mile away at the Bellevue Recreation Center and Park. Residents of this building have central access to all that Los Angeles has to offer. Situated in a prime Virgil Village location one block outside of Silver Lake, this offering presents an excellent opportunity for any investor to capitalize on over 85% rental upside potential in an opportunity zone with tax benefits.

Facts & Features

MLS® # 22193099
Price $2,050,000
Bathrooms 0.00
Square Footage 5,760
Lot Size 9,570
Year Built 1923
Type Residential Income
Style Bungalow
Status Active
# Of Units 10

Community Information

Address 4312 Burns Avenue
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90029

Amenities

Parking None
Garages None
Is Waterfront No
Has Pool No
Pool None

Interior

Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 1

Exterior

Lot Description Rectangular Lot

Additional Information

Date Listed August 22nd, 2022
Days on Market 36
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentJason Tuvia
OfficeMarcus & Millichap

Listing Map

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