Multifamily

$850,000

Or Call Us 1-800-241-3327

2305 S Burnside Avenue

Los Angeles, CA 90016

  • beds
  • baths
  • sqft
  • 5,789 sqft lot
  • 1924 build
  • on site

Attention all developers - Investors looking for a ready to remodel project and first time home buyers. Endless possibilities in One of the most rapidly transforming neighborhoods of Los Angeles. This 3 unit multifamily property is ready for remodeling. Collect market rent for new income-generating 6.5% cap rater per proforma and immediately add value or demolish existing buildings and build 3 townhome-style apartments on this 5820SQ ft RD1.5 zoning with no tenants relocation fees. This 3 unit income property features a front duplex Two 1 bed /1 Bath, and the end unit features 2 bedrooms + Den /1 bath. It’s perfect for Owner User with no sharing walls. Each unit has an open kitchen concept, room to add washer and dryer, two entrances, and an open floor plan—great location close to culver city, Beverly Hills, and Downtown Los Angeles. Tech companies are moving to this area, which is evidence of the long term investment strategy and investor confidence in the growth of this part of Los Angeles. The property is being sold in AS-IS condition. Schedule a Private Showing

Listing courtesy of CRMLS_CA / Behrouz Lavi / Keller Williams Realty-Studio City

Last checked: 5 minutes ago • Last updated Sep 21, 2020 • Source: CRMLS_CA

MLS# SR20193146 — Report a problem

Amenities & Taxes

The Building

Year Built:
1924
Year Built Source:
Assessor
New Construction:
No
Common Walls:
1 Common Wall
Total Number Of Units:
3

Interior

Laundry:
None

Location

Directions:
Goggle map
Latitude:
34.03620900
Longitude:
-118.35932600

The Property

Zoning:
LARD1.5
Lot Features:
2-5 Units/Acre
Lot Size Area:
5789.0000
Lot Size Acres:
0.1329
Lot Size Square Feet:
5789.00
Additional Parcels:
No

Listing Agent

Contact info:

Taxes

Tax Tract:
5356
Tax Lot:
37

The Listing

Parcel Number:
5063019036

Utilities

Sewer:
Public Sewer
Water Source:
Public

The Community

Senior Community:
No
Features:
Urban
Pool:
None
Private Pool:
No

Parking

Parking Spaces:
1.00
Garage Spaces
1.00

Schools

Rating Details
6
Marvin Elementary School
  • Public
  • K-5
  • 0.3 mi
2
Susan Miller Dorsey Senior High School
  • Public
  • 9-12
  • 1.2 mi
3
Daniel Webster Middle School
  • Public
  • 6-8
  • 4.3 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

DateEventSourcePrice% Change
PendingCRMLS_CA$850,000
Listed / ActiveCRMLS_CA$850,0007.6%
Price ChangedCRMLS_CA
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2305 S Burnside Avenue
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