1446 South Burlington Avenue

Los Angeles, CA 90006

$1,350,000
Price
8
Beds
6
Baths
4,164 Sq. Ft.
$324 / Sq. Ft.
4,164
Sq. Ft.
$324
per Sq. Ft.

Description

Unlock your investment potential with this amazing property located in the heart of Downtown Los Angeles! With an incredible value of $225k per door and $324 per square foot, this property offers an excellent investment opportunity with a real 5% cap rate and 12.19 GRM. The property consists of six units, including two spacious 2-bedroom residences and four cozy 1-bedroom apartments, making it a perfect choice for investors looking for a prime rental opportunity. As you step inside the remodeled...Unlock your investment potential with this amazing property located in the heart of Downtown Los Angeles! With an incredible value of $225k per door and $324 per square foot, this property offers an excellent investment opportunity with a real 5% cap rate and 12.19 GRM. The property consists of six units, including two spacious 2-bedroom residences and four cozy 1-bedroom apartments, making it a perfect choice for investors looking for a prime rental opportunity. As you step inside the remodeled unit, you will be captivated by its new laminate flooring, sleek kitchen cabinets, recessed lighting, and upgraded bathroom - all designed to attract tenants. The property spans over two buildings, with a total of 4,164 square feet on a spacious 7,302 square foot lot zoned RD1.5. This property offers significant potential for rent growth and value enhancement, making it a great investment opportunity.
  1. Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
  2. Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.

Property Details for 1446 South Burlington Avenue

Zoning
LARD1.5
Style
Craftsman
Parcel Number
5135019011
Total Units
6.0
Living Area
4164
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
1 unit

Location

Listing Courtesy of Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872; Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261
Add your commute
LISTING UPDATED: 03/23/2024 12:01 AM

Property Details for 1446 South Burlington Avenue

StatusActive
MLS #24-369359
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.17 AC / 7,304 SF
CountyLos Angeles County

Location

Listing Courtesy of Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872; Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261
Add your commute

Building Information for 1446 South Burlington Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.17 AC / 7,304 SF

Payment Calculator

$8,309 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$941

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1446 South Burlington Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Lowrise
  • View: Yes
  • View Description: City
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $98,183
  • Net Operating Income: $67,538.00
  • Gross Income: $101,220
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $12.19
  • Total Annual Expense: 30645
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1677
  • Lot Size Square Feet: 7304
Parking Details
Parking Details
  • Parking Garage: Offsite
  • Total Parking: 0
  • Parking Features: Off Site
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $475.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,052.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,052.00
  • Unit Actual Rent: $1,514.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,052.00
  • Unit Actual Rent: $1,277.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $831.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $811.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $339,000.00
  • Assessed Improvement Percent: 39.66
  • Assessed Land Value: $515,859.00
  • Assessed Land Percent: 60.34
  • Assessed Total Value: $854,859.00

Property History for 1446 South Burlington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1446 South Burlington Avenue

Taxable ValueLand$515,859Additions$339,000Total$854,859
Tax Record2023$11,295 ($941 / month)
Home Facts
Total Finished SqFt4,164 SqFtAbove Grade Finished SqFt4,164 SqFtLot Size7,302 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLARD1.5CountyLOS ANGELESAPN5135-019-011

Schools near 1446 South Burlington Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Magnolia Avenue Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Equitas Academy Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1446 South Burlington Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on March 15, 2024 by Global Platinum Properties, Inc., it's currently listed at $1,350,000. It has been on the market for a total of 43 days and was last sold on July 21, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Magnolia Avenue Elementary School, Berendo Middle School and West Adams Preparatory High School. 1446 South Burlington Avenue is a 8-bed, 6-bath, 4,164 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872; Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the 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. For the avoidance of doubt, 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.