$1,300,000
307 Burlington Avenue, Los Angeles 90057
2
Beds
10
Baths
3,976
Square feet
5,397
Lot Size
10
# Of Units
Listing Agent
Sean Rosenzweig - Marcus & MillichapI 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.
Facts & Features
| MLS® # | 24374935 |
|---|---|
| Price | $1,300,000 |
| Bedrooms | 2 |
| Bathrooms | 10.00 |
| Square Footage | 3,976 |
| Lot Size | 5,397 |
| Year Built | 1925 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 10 |
Community Information
| Address | 307 Burlington Avenue |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90057 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | April 1st, 2024 |
|---|---|
| Days on Market | 30 |
| Zoning | LAC2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Sean Rosenzweig |
|---|---|
| Office | Marcus & Millichap |