$1,350,000
1446 Burlington Avenue, Los Angeles 90006
9
Beds
6
Baths
4,164
Square feet
7,304
Lot Size
6
# Of Units
Listing Agent
Armin Soleimani - Global Platinum Properties, Inc.Unlock your investment potential with this amazing property located in the heart of Downtown Los Angeles! With an incredible value of $225k per door and $324 per square foot, this property offers an excellent investment opportunity with a real 5% cap rate and 12.19 GRM. The property consists of six units, including two spacious 2-bedroom residences and four cozy 1-bedroom apartments, making it a perfect choice for investors looking for a prime rental opportunity. As you step inside the remodeled unit, you will be captivated by its new laminate flooring, sleek kitchen cabinets, recessed lighting, and upgraded bathroom - all designed to attract tenants. The property spans over two buildings, with a total of 4,164 square feet on a spacious 7,302 square foot lot zoned RD1.5. This property offers significant potential for rent growth and value enhancement, making it a great investment opportunity.
Facts & Features
| MLS® # | 24369359 |
|---|---|
| Price | $1,350,000 |
| Bedrooms | 9 |
| Bathrooms | 6.00 |
| Square Footage | 4,164 |
| Lot Size | 7,304 |
| Year Built | 1923 |
| Type | Residential Income |
| Style | Craftsman |
| Status | Active |
| # Of Units | 6 |
Community Information
| Address | 1446 Burlington Avenue |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90006 |
Amenities
| Parking | Off Site |
|---|---|
| Garages | Off Site |
| View | City Lights |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Multi/Split |
Additional Information
| Date Listed | March 15th, 2024 |
|---|---|
| Days on Market | 43 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Armin Soleimani |
|---|---|
| Office | Global Platinum Properties, Inc. |