CA > Los Angeles
Los Angeles, CA 90057,272 S Burlington Avenue
Los Angeles, CA 90057,272 S Burlington Avenue
Los Angeles, CA 90057,272 S Burlington Avenue
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$978,000
Est. payment /mo
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2 Beds
1 Bath
2,778 SqFt
Active

272 S Burlington Avenue Los Angeles, CA 90057

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,778 sqft

Price per Sqft $352

MLS Listing ID SR25160896

Bedrooms 2

Full Baths 1

Year Built 1923

Property Sub-Type All Other Attached

Property Description

Owner User Opportunity with Vacant freestanding 2+1 Bungalow with 4 additional 1+1 Bungalows. Property is 40% vacant (2 of 5 units). 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

Location

State CA

County Los Angeles

Zoning LAC2

Direction 3rd and Burlington

Interior

Fireplace No

Exterior

Garage Spaces 3.0

View Y/N Yes

Water Access Desc Public

View City Lights

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Tax ID 5153002001

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Jared Levine Keller Williams Realty Calabasas

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Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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272 S Burlington Avenue

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