311 South Burlington Avenue

Los Angeles, CA 90057

$875,000
Price
3
Beds
3
Baths
1,550 Sq. Ft.
$565 / Sq. Ft.
1,550
Sq. Ft.
$565
per Sq. Ft.

Description

Attention developers! Opportunity to build 24 units. This triplex to be delivered 1/3 vacant is located in the rapidly developing area of Westlake just southeast of Echo Park/Historic Filipino town and has massive upside potential. Zoned R4, with TOC incentives the lot has the opportunity to build up to 24 UNITS (buyer to verify) and is perfect for an investor/developer who is looking to build. Great owner/user potential as one of the units is vacant. The front building is composed of a duplex with...Attention developers! Opportunity to build 24 units. This triplex to be delivered 1/3 vacant is located in the rapidly developing area of Westlake just southeast of Echo Park/Historic Filipino town and has massive upside potential. Zoned R4, with TOC incentives the lot has the opportunity to build up to 24 UNITS (buyer to verify) and is perfect for an investor/developer who is looking to build. Great owner/user potential as one of the units is vacant. The front building is composed of a duplex with two 1 bedroom units. The rear is a completely renovated stand-alone one bedroom unit that is currently vacant. Close to all the shops and restaurants in Virgil Village, Silver Lake, Echo Park, Historic Filipinotown, and DTLA. Easy access to the 101 freeway.
  1. Listed by Will Tiao • DRE #01918965 • Brokerage DRE #01335786 • The Collective Realty
  2. Listed by Ken Dennis • DRE #02097826 • Brokerage DRE #01335786 • The Collective Realty

Property Details for 311 South Burlington Avenue

Water Front
None
Zoning
LAR4
Style
Traditional
Parcel Number
5154022013
Total Units
3.0
Living Area
1550
Source Living Area
Assessor
Area
Downtown L.A. (C42)

Location

Listing Courtesy of The Collective Realty, Will Tiao, DRE #01918965; The Collective Realty, Ken Dennis, DRE #02097826
Add your commute
LISTING UPDATED: 04/23/2024 12:01 AM

Property Details for 311 South Burlington Avenue

StatusActive
MLS #24-366153
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1910
Lot Size0.12 AC / 5,390 SF
CountyLos Angeles County

Location

Listing Courtesy of The Collective Realty, Will Tiao, DRE #01918965; The Collective Realty, Ken Dennis, DRE #02097826
Add your commute

Building Information for 311 South Burlington Avenue

Stories1Residences-Year Built1910Building Size-Lot Size0.12 AC / 5,390 SF

Payment Calculator

$5,351 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$576

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 South Burlington Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: apartment
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated
  • Direction Faces: East
  • Property Condition: Value Mainly In Land
  • Water: District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Listing Broker Advantage, Rent Control, As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $35,170
  • Net Operating Income: $31,067.14
  • Gross Income: $35,170
  • Gross Rent Multiplier: $24.87
  • Vacancy Allow Percent: 33.00%
  • Owner Pays: Water
  • Total Annual Expense: 4102.86
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1237
  • Lot Size Square Feet: 5390
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-15-2024
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $585.00
  • Unit Actual Rent: $585.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $730.00
  • Unit Actual Rent: $730.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $112,665.00
  • Assessed Improvement Percent: 20.57
  • Assessed Land Value: $435,051.00
  • Assessed Land Percent: 79.43
  • Assessed Total Value: $547,716.00

Property History for 311 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 311 South Burlington Avenue

Taxable ValueLand$435,051Additions$112,885Total$547,936
Tax Record2023$6,909 ($576 / month)
Home Facts
Total Finished SqFt1,550 SqFtAbove Grade Finished SqFt1,550 SqFtLot Size5,390 SqFtStyleTriplexYear Built1910ZoningLAR4CountyLOS ANGELESAPN5154-022-013

Schools near 311 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

Academic Leadership Community 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.

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311 South Burlington Avenue is a multi-family home for sale in Los Angeles, CA 90057. This property was listed for sale on April 15, 2024 by The Collective Realty, it's currently listed at $875,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Union Avenue Elementary School, John H. Liechty Middle School and Contreras Learning Center-School Of Social Justice. 311 South Burlington Avenue is a 3-bed, 3-bath, 1,550 sqft multi-family home built in 1910.

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 The Collective Realty, Will Tiao, DRE #01918965; The Collective Realty, Ken Dennis, DRE #02097826

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.