2305 S Burnside Avenue, Los Angeles, CA 90016
- $1,150,000
- $583
- $1,150,000
- $583
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
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Address: 2305 S Burnside Avenue
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90016
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Area: C16 - Mid Los Angeles
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Country: United States
Details
Updated on June 22, 2024 at 5:54 pm-
Property ID SGR-32995505
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Price $1,150,000
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Land Area 5791.00 m²
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Garages 4.00
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Year Built 1924
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Property Type Residential Income
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Property Status For Sale
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Living Area 1973.00
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MLS# SR24117674
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Office Name KELLER WILLIAMS REALTY-STUDIO CITY
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Agent Name Behrouz Lavi
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01482721
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IDX Contact Info 818-235-7290
Additional details
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Sewer Public Sewer
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County Los Angeles
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Property SubType Triplex
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Parking 4.00
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Water Source Public
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