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    322 S Burlington Ave

    Los Angeles, CA 90057
    • $1,399,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 20-626492
    UPDATED: 35 min ago
    $1,399,000
    • 9
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,029
      SQFT
    • $462
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    School District:

    Description

    Attention Investors!! Amazing opportunity to own this 2 story 4 unit apartment building centrally located near 3rd and Union in the heart of Los Angeles. This gem is situated just a short distance from Echo Park and downtown L.A. You'll love the views of Downtown Los Angeles! This is a great opportunity to have a great building in your portfolio to later develop if wanted. This property has a tremendous potential given its R4 Zoning. No vacancies or late rents. Plenty of upside and low operating costs, one can collect rents while applying for permits and plans. Onsite parking spaces, ample parking for tenants. The complex has 3 2BR, 1BA apartments and one 3 BR, 2BA. Walking distance to retail areas, close proximity to Good Samaritan Hospital and New Academy of Science and Art, Gratts Elementary and Primary Schools, freeways, Staples Center, L.A. Live etc. This one will not last! DO NOT DISTURB TENANTS.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T11:42:28.137. 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/109693344
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    322 S Burlington Ave Los Angeles, CA 90057

    • Price: $1,399,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 20-626492
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,029
    SQFT
    $462
    $/SQFT
    1991
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    School District:
    Los Angeles Unified
    Property Description
    Attention Investors!! Amazing opportunity to own this 2 story 4 unit apartment building centrally located near 3rd and Union in the heart of Los Angeles. This gem is situated just a short distance from Echo Park and downtown L.A. You'll love the views of Downtown Los Angeles! This is a great opportunity to have a great building in your portfolio to later develop if wanted. This property has a tremendous potential given its R4 Zoning. No vacancies or late rents. Plenty of upside and low operating costs, one can collect rents while applying for permits and plans. Onsite parking spaces, ample parking for tenants. The complex has 3 2BR, 1BA apartments and one 3 BR, 2BA. Walking distance to retail areas, close proximity to Good Samaritan Hospital and New Academy of Science and Art, Gratts Elementary and Primary Schools, freeways, Staples Center, L.A. Live etc. This one will not last! DO NOT DISTURB TENANTS.
    Exterior Features

    Direction Faces West Levels Two Lot Description Front YardStreet LightingStreet PavedSidewalks Lot Location City Lot Size Area 5600 Other Structures None Parking Garage DrivewayAssignedParking Space Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Total Parking 9 View Description CityCity Lights View YN Yes Water Frontage None

    Interior Features

    Baths Total 9.00 Cooling Window Unit(S) Equipment None Heating Wall Windows Double Pane Windows

    Property Features

    Alley YN No Assessed Total Value 290999 Electric Expense 600.00 Gross Income 81600 Gross Operating Income 81600 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Maintenance Expense 1678.00 Net Operating Income 70147.44 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterOther Property Condition No Additions/Alter Rent Control YN Yes Sale Type Standard Security Features GatedCarbon Monoxide Detector(S) Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays Cable TvElectricityGas Total Annual Expense 11452.56 Type Of Units Multifamily Water Public Water Expense 8903.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Jessica Flores DRE#01982277 of Sync Brokerage, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T11:42:28.137. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355