307 S Burlington Avenue Los Angeles, CA 90057
I am pleased to offer for sale a 10-unit apartment community located at 307 South Burlington Avenue. The subject property is located south of 3rdStreet within the Westlake sub-market, which borders three thriving markets Koreatown, Downtown, and Echo Park. Situated on a 5, 397 square foot parcel, the property is comprised of four singles, four studios, and two one-bedroom units. The property has 44% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 307 South Burlington Avenue an excellent acquisition opportunity.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site61 Days
- MLS StatusActive
- MLS ID Number24374935
- Home Size Source Assessor
- Year Built1925
- Lot Size0.1239 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking None
- Parking Spaces 0
- Number of Stories 22
- Acreage 0.1239
- Zoning LAC2
- Listing Conditions Standard
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.