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    2305 S Burnside Avenue

    Los Angeles, CA 90016
    • $860,000
    • STATUS: Closed
    • ON SITE: 14 days
    • ID#: SR20193146
    Sold - 09/28/2020
    $860,000
    SOLD - 09/28/2020
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,937
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Attention all developers - Investors looking for a ready to remodel project and first time home buyers. Endless possibilities in One of the most rapidly transforming neighborhoods of Los Angeles. This 3 unit multifamily property is ready for remodeling. Collect market rent for new income-generating 6.5% cap rater per proforma and immediately add value or demolish existing buildings and build 3 townhome-style apartments on this 5820SQ ft RD1.5 zoning with no tenants relocation fees. This 3 unit income property features a front duplex Two 1 bed /1 Bath, and the end unit features 2 bedrooms + Den /1 bath. Its perfect for Owner User with no sharing walls. Each unit has an open kitchen concept, room to add washer and dryer, two entrances, and an open floor plangreat location close to culver city, Beverly Hills, and Downtown Los Angeles. 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. The property is being sold in AS-IS condition.

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    Based on information from CRISNet MLS as of 2020-09-30T23:56:32.463. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-30T23:56:32.463. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/110073473
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    2305 S Burnside Avenue Los Angeles, CA 90016

    • Price: $850,000
    • Status: Closed
    • ID#: SR20193146
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,937
    SQFT
    $0
    $/SQFT
    1924
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    Attention all developers - Investors looking for a ready to remodel project and first time home buyers. Endless possibilities in One of the most rapidly transforming neighborhoods of Los Angeles. This 3 unit multifamily property is ready for remodeling. Collect market rent for new income-generating 6.5% cap rater per proforma and immediately add value or demolish existing buildings and build 3 townhome-style apartments on this 5820SQ ft RD1.5 zoning with no tenants relocation fees. This 3 unit income property features a front duplex Two 1 bed /1 Bath, and the end unit features 2 bedrooms + Den /1 bath. Its perfect for Owner User with no sharing walls. Each unit has an open kitchen concept, room to add washer and dryer, two entrances, and an open floor plangreat location close to culver city, Beverly Hills, and Downtown Los Angeles. 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. The property is being sold in AS-IS condition.
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Area 5789.0000 Parking Total 1.00

    Interior Features

    Common Walls 1 Common Wall Laundry Features None Laundry YN No

    Property Features

    Additional Parcels YN No Community Features Urban Electric Expense 0.00 Gross Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 1400.00 Land Lease YN No Net Operating Income 0.00 New Construction YN No New Taxes Expense 9720.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 0.00 Pool Features None Pool Private YN No Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 14300.00 Trash Expense 0.00 Water Sewer Expense 3300.00 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Behrouz Lavi, CA DRE# , of Keller Williams Realty-Studio City.


    Based on information from CRISNet MLS as of 2020-09-30T23:56:32.463. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-30T23:56:32.463. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355