2305 S Burnside Avenue, Los Angeles, CA 90016

  • $1,150,000
  • $583
2305 S Burnside Avenue, Los Angeles, CA 90016
  • Residential Income
  • Property Type
  • 4.00
  • Garages
  • 1924
  • Year Built
For Sale
2305 S Burnside Avenue, Los Angeles, CA 90016
  • $1,150,000
  • $583

Overview

Property ID: SGR-32995505
  • Residential Income
  • Property Type
  • 4.00
  • Garages
  • 1924
  • Year Built

Description

Three-unit Property with Future Development Potential with RD.1 Zoning. Located in the desirable neighborhood of Mid-Wilshire near Culver City, Beverly Hills, and Downtown Los Angeles, this property boasts a great mix of units, including two-bedroom and three-bedroom layouts. Each is occupied by stable tenants, ensuring consistent rental income for the new owner. The property is designed for easy management, making it an ideal investment for those seeking a hassle-free income stream with low operating expenses. With a solid 5.5% CAP rate and 13 GRM, this property promises a strong return on investment. 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.

  • Address 2305 S Burnside Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90016
  • Area C16 - Mid Los Angeles
  • Country United States

Details

Updated on June 22, 2024 at 5:54 pm
  • Property ID: SGR-32995505
  • Price: $1,150,000
  • Land Area: 5791.00 m²
  • Garages: 4.00
  • Year Built: 1924
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 1973.00
  • MLS#: SR24117674
  • Office Name: KELLER WILLIAMS REALTY-STUDIO CITY
  • Agent Name: Behrouz Lavi
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01482721
  • IDX Contact Info: 818-235-7290

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Triplex
  • Parking: 4.00
  • Water Source: Public

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