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272 S Burlington Avenue

Los Angeles, CA 90057

– beds
– baths
– sqft
5,172 sqft lot
1923 build
– on site

40% VACANT (2 of 5 Units) / OWNER USER OPPORTUNITY - As the exclusive listing agent, we are pleased to present the opportunity to acquire The Burlington in the submarket of Westlake North (LA Market) and in close proximity to Echo Park, Hollywood, Koreatown, and DTLA. This offering includes a 5-unit charming bungalow multifamily building built in 1923 with a footprint of approximately 2,778 SF, sitting on an elevated corner lot with a vacant detached owner-user unit and city views. The Burlington offers an investor a significant value-add opportunity with approximately 35% (+/-) of potential upside in rents spread across a desirable unit mix. The property has seen upgrades to the electrical, roofing, and plumbing under the current ownership. Delivered 40% vacant (2 of 5 units), the property provides the possibility of leveraging the high demand for both market-rate and Section 8 tenants. This well-located multifamily property offers a rare opportunity to secure a unique corner lot property for both investors and owner-users in a high-demand rental pocket surrounded by new development and continued gentrification. The Burlington is situated in Westlake North, a diverse and vibrant neighborhood. The property is located close to Echo Park, Hollywood, Koreatown, and Downtown Los Angeles, providing easy access to cultural and commercial hotspots. Westlake North offers a mix of history and growth, making it a highly attractive area for tenants. Additionally, the property is near Echo Park Lake, numerous cafes, restaurants, and other amenities, offering a rich living experience. This neighborhood continues to experience growth due to its centrality and ongoing gentrification.

Listed By CRMLS_CA / Jared Levine / Keller Williams Realty Calabasas / jared@jaredmlevine.com

Last checked: Checking… • Last updated Nov 13, 2024 •

MLS# SR24214257 —

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

2778.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

5
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Entry Location:

Front
Laundry:

None

Location

Directions:

3rd and Burlington
Latitude:

34.06131100
Longitude:

-118.26854600

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LAC2
Lot Features:

Landscaped
Lot Size Area:

5172.0000
Lot Size Acres:

0.1187
Lot Size SqFt:

5172.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2084.01
Tax Tract:

6795
Tax Lot:

1

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

5153002001

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Sidewalks
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

3.00
Garage Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/13/24 Nov 13, 2024	Price Changed	CRMLS_CA	$1,150,000	0.1%
11/6/24 Nov 6, 2024	Price Changed	CRMLS_CA	$1,149,000	-0.1%
10/15/24 Oct 15, 2024	Listed / Active	CRMLS_CA	$1,150,000	84.0% (9.1% / YR)

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This multifamily located in Central LA, Los Angeles, CA 90057 is currently for sale for $1,150,000. 272 S Burlington Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 40 days. 272 S Burlington Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Belmont Senior High School, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Miguel Contreras Learning Complex - Business And Tourism, Ramon C Cortines School Of Visual And Performing Arts, Edward R. Roybal Learning Center, Union Avenue Elementary School, Miguel Contreras Learning Complex - School Of Social Justice, and Sal Castro Middle School.

Listing Courtesy of: CRMLS_CA and Keller Williams Realty Calabasas. Based on information from California Regional Multiple Listing Service, Inc. as of 12:04 on Nov 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.