1612 South Burnside Avenue

Los Angeles, CA 90019

$1,150,000
Last Sold Price
4
Beds
2
Baths
1,714 Sq. Ft.
$671 / Sq. Ft.
1,714
Sq. Ft.
$671
per Sq. Ft.

Description

Gateway to Culver City and the Westside: Attention all Builders and Investors - Rare opportunity to acquire a large RD1.5 lot with approximately 8,624 sq ft along with adjacent 6,000 sq ft parcel (1618 S Burnside) totaling over 14,600 land area. Zoned RD1.5 for larger project development. Seller owns both properties and wishes to sell both properties at the same time. Subject is two detached houses on one lot: front house is 2 bed + 1 bath and rear house also 2+1. Both units are tenant occupied and...Gateway to Culver City and the Westside: Attention all Builders and Investors - Rare opportunity to acquire a large RD1.5 lot with approximately 8,624 sq ft along with adjacent 6,000 sq ft parcel (1618 S Burnside) totaling over 14,600 land area. Zoned RD1.5 for larger project development. Seller owns both properties and wishes to sell both properties at the same time. Subject is two detached houses on one lot: front house is 2 bed + 1 bath and rear house also 2+1. Both units are tenant occupied and will not be delivered vacant. Large 3-car garage in back. Separately metered for gas & elec. Operating expenses, Cap rate, etc. are estimates only and not verified. Please do NOT disturb tenants or walk onto property. Units can be viewed after accepted offer. Property being sold in AS IS condition.
  1. Listed by Gary Tani • DRE #00790615 • Brokerage DRE #00695873 • Coldwell Banker Spectrum

Property Details for 1612 South Burnside Avenue

Zoning
LARD1.5
Style
Spanish
Cross Streets
Venice Blvd & Hauser Blvd
Parcel Number
5064002017
Total Units
2.0
Living Area
1714
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Coldwell Banker Spectrum, Gary Tani, DRE #00790615

Sold By Keller Williams Studio City, Jessica Flores, DRE #01982277

Add your commute
LISTING UPDATED: 07/12/2022 01:42 PM

Property Details for 1612 South Burnside Avenue

StatusSold
MLS #22-156050
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.20 AC / 8,624 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Spectrum, Gary Tani, DRE #00790615

Sold By Keller Williams Studio City, Jessica Flores, DRE #01982277

Add your commute

Building Information for 1612 South Burnside Avenue

Stories1Residences-Year Built1926Building Size-Lot Size0.20 AC / 8,624 SF

Payment Calculator

$7,460 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$1,184

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1612 South Burnside Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 2 on a lot
  • View: No
  • View Description: None
  • View: None
  • Property Condition: Value Mainly In Land, Repair Cosmetic
  • Water: District, Meter on Property
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Water District: LADWP
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $32,880
  • Net Operating Income: $20,880.00
  • Gross Income: $32,880
  • Cap Rate: 2.19%
  • Gross Rent Multiplier: $28.89
  • Owner Pays: Water
  • Total Annual Expense: 12000
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: Yes
  • Alley: No
  • Lot Acreage: 0.198
  • Lot Size Square Feet: 8624
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Detached, Garage Is Detached, Uncovered
  • Total Parking: 5
  • Covered Parking: 2
  • Open Other Spaces Total: 3
  • Parking Features: Detached Carport, Uncovered
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Patio Open, Living Room
  • Levels: One
  • Fireplace Features: Kitchen, Living Room
  • Fireplace Rooms: Kitchen, Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: Other
  • Common Walls: Detached/No Common Walls
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Asphalt, Clay
  • Patio Features: Patio Open
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Two On A Lot
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-12-2022
  • Listing Terms: Cash, Cash To New Loan, Exchange Up, Take Property As Is
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,490.00
  • Unit Actual Rent: $1,490.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $37,638.00
  • Assessed Improvement Percent: 45.0
  • Assessed Land Value: $46,006.00
  • Assessed Land Percent: 55
  • Assessed Total Value: $83,644.00

Property History for 1612 South Burnside 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 1612 South Burnside Avenue

Taxable ValueLand$800,000Additions$350,000Total$1,150,000
Tax Record2023$14,213 ($1,184 / month)
Home Facts
Total Finished SqFt1,714 SqFtAbove Grade Finished SqFt1,714 SqFtLot Size8,639 SqFtStyleDuplexYear Built1926ZoningLARD1.5CountyLOS ANGELESAPN5064-002-017

Schools near 1612 South Burnside Avenue

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

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

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

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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 Coldwell Banker Spectrum, Gary Tani, DRE #00790615

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.