307 South Burlington Avenue
307 South Burlington Avenue
$1,300,000
2
10
3,976
3,976
$327
Description
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...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.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 307 South Burlington Avenue
Zoning
LAC2
Parcel Number5154022012
Total Units10.0
Living Area3976
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate0
Lot Size Area5397
Location
LISTING UPDATED: 04/09/2024 12:01 AM
Property Details for 307 South Burlington Avenue
Status | Active |
---|---|
MLS # | 24-374935 |
Days on Market | 32 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1925 |
Lot Size | 0.12 AC / 5,397 SF |
County | Los Angeles County |
Location
Building Information for 307 South Burlington Avenue
Stories2Residences-Year Built1925Building Size-Lot Size0.12 AC / 5,397 SF
Payment Calculator
$8,353 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 307 South Burlington Avenue
Property History for 307 South Burlington Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 307 South Burlington Avenue
Taxable ValueLand$765,550Additions$410,715Total$1,176,265
Tax Record2023$15,092 ($1,258 / month)
Home Facts
Total Finished SqFt3,976 SqFtAbove Grade Finished SqFt3,976 SqFtLot Size5,397 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLAC2CountyLOS ANGELESAPN5154-022-012
Schools near 307 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 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Union Avenue Elementary School PublicK to 5 | ||
John H. Liechty Middle School Public6 to 8 | ||
Edward R. Roybal Learning Center Public9 to 12 | ||
Miguel Contreras Learning Complex School Public9 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.
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.