1618 South Burnside Avenue

Los Angeles, CA 90019

$1,000,500
Last Sold Price
3
Beds
2
Baths
1,628 Sq. Ft.
$615 / Sq. Ft.
1,628
Sq. Ft.
$615
per Sq. Ft.

Description

Attention ALL builders and investors - Rare Opportunity to acquire two adjacent RD1.5 lots (along with 1612 S Burnside) totaling over 14,600 sq ft land area. Zoned RD1.5 for future larger development. Seller owns both properties and wishes to sell both properties at the same time in order to effectuate their 1031 Tax Deferred Exchange. Subject property is 2 houses on one lot. Front house is a 3 bed + 2 bath and the rear house is a 2 bed + 1 bath. Both units are tenant occupied and will not be delivered...Attention ALL builders and investors - Rare Opportunity to acquire two adjacent RD1.5 lots (along with 1612 S Burnside) totaling over 14,600 sq ft land area. Zoned RD1.5 for future larger development. Seller owns both properties and wishes to sell both properties at the same time in order to effectuate their 1031 Tax Deferred Exchange. Subject property is 2 houses on one lot. Front house is a 3 bed + 2 bath and the rear house is a 2 bed + 1 bath. Both units are tenant occupied and will not be delivered vacant. Separately metered for gas & electricity. 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 its present AS IS condition.
  1. Listed by Gary Tani • DRE #00790615 • Brokerage DRE #00695873 • Coldwell Banker Spectrum

Property Details for 1618 South Burnside Avenue

Water Front
None
Zoning
LARD1.5
Style
Country English
Cross Streets
Venice and Hauser
Parcel Number
5064002016
Total Units
2.0
Living Area
1628
Source Living Area
Vendor Enhanced

Location

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

Sold By eXp Realty of California Inc, Max Lee, DRE #01905008

Add your commute
LISTING UPDATED: 07/27/2022 02:48 PM

Property Details for 1618 South Burnside Avenue

StatusSold
MLS #22-156115
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.14 AC / 6,000 SF
CountyLos Angeles County

Location

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

Sold By eXp Realty of California Inc, Max Lee, DRE #01905008

Add your commute

Building Information for 1618 South Burnside Avenue

Stories1Residences-Year Built1926Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$6,489 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,460

Property Taxes

$1,029

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1618 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
  • Direction Faces: West
  • Property Condition: Value Mainly In Land, Repair Cosmetic
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Water District: LADWP
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Exchange Up, Cash To New Loan
  • Disclosures: As Is, Rent Control, Subject To Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $37,800
  • Net Operating Income: $25,800.00
  • Gross Income: $37,800
  • Cap Rate: 2.94%
  • Gross Rent Multiplier: $23.15
  • Owner Pays: Water
  • Total Annual Expense: 12000
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.1377
  • Lot Size Square Feet: 6000
  • Lot Size Dimensions: 50x120
  • Source Lot Size Dimensions: Assessor
  • Lot Features: Value In Land
  • Lot Description: Value In Land, Lot-Level/Flat
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Patio Open
  • Levels: One
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: None
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
  • 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
  • Patio Features: Patio Open
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Two On A Lot
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-12-2022
  • Listing Terms: Exchange Up, Cash, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $28,784.00
  • Assessed Improvement Percent: 40.9
  • Assessed Land Value: $41,593.00
  • Assessed Land Percent: 59.1
  • Assessed Total Value: $70,377.00

Property History for 1618 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 1618 South Burnside Avenue

Taxable ValueLand$700,000Additions$300,500Total$1,000,500
Tax Record2023$12,343 ($1,029 / month)
Home Facts
Total Finished SqFt1,628 SqFtAbove Grade Finished SqFt1,628 SqFtLot Size6,000 SqFtStyleDuplexYear Built1926ZoningLARD1.5CountyLOS ANGELESAPN5064-002-016

Schools near 1618 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 - 9 to 12
Rating
School
Distance
Saturn Street Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Camino Nuevo High No. 2
Charter9 to 12

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.

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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.