1711 S Burlington Avenue
Los Angeles, CA 90006
- – beds
- – baths
- – sqft
- 7,826 sqft lot
- 1912 build
- – on site
Welcome to 1711 Burlington Ave, a classic Craftsman-style building situated at the vibrant edge of Koreatown. This 8-unit property offers a rare value-add opportunity with immediate cash flow potential, making it an excellent investment for savvy buyers. With many units already updated, there's still room for improvement and enhancement, allowing the new owner to increase rental income further. Nestled at the intersection of Koreatown, residents will enjoy convenient access to an eclectic mix of dining, shopping, and entertainment options, along with excellent public transit connections. The property sits on a generous 7,823 sq ft lot, presenting an exciting opportunity to capitalize on SB 1211. The new owner could potentially build up to 8 additional ADUs (Accessory Dwelling Units), maximizing both rental income and property value. With existing tenants in place and strong rental demand in the area, this building promises cash flow from day one, ensuring a solid return on your investment. The building's classic Craftsman architecture features create a warm atmosphere that tenants will love. DRIVE BY ONLY, DO NOT DISTURB TENANTS
Last checked:
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Last updated Nov 18, 2024
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MLS# 24448549 —
The Building
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Year Built:1912
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New Construction:No
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Building Area Total:5460.00
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Total Number Of Units:8
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# of Buildings:1
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Architectural Style:Craftsman
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Stories Total:2
Interior
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Features:Ceiling Fan(s)
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Levels:One
Financial & Terms
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Disclosures:Rent Control
Location
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Directions:Travel one block east of Hoover and 1/2 south of Venice
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Latitude:34.04112700
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Longitude:-118.28204800
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:7826.0000
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Lot Size Acres:0.1797
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Lot Size SqFt:7826.00
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View:None
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5135011012
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Uncovered
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Parking Spaces:10.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/18/24
Nov 18, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,550,000 | |
|
10/3/24
Oct 3, 2024
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Listed / Active | CRMLS_CA | $1,550,000 | 13.1% (2.3% / YR) |
|
8/22/23
Aug 22, 2023
|
Price Changed | CRMLS_CA |
