$ 1,550,000
1711 S Burlington Avenue Los Angeles, CA 90006
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$ 1,550,000
Est. payment | /mo
5,460 SqFt
$ 1,550,000
Est. payment | /mo
5,460 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,460 sqft
Price per Sqft $283
MLS Listing ID CL24448549
HOA Y/N No
Year Built 1912
Lot Size 7,826 Sqft
Acres 0.18
Property Description
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
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
View Y/N false
View None
Parking Type Other, Uncovered Parking Space
Building
New Construction No
Others
Tax ID 5135011012
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michael Matthias • Skylight Real Estate Advisors, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "