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    322 S Burlington Avenue

    Los Angeles (City), CA 90057
    • $1,390,000
    • STATUS: Active
    • ON SITE: 218 days
    • ID#: 20626492
    UPDATED: 38 min ago
    $1,390,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,029
      SQFT
    • $459
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    Attention Investors!! Amazing opportunity to own this 2 story 4 unit apartment building centrally located near 3rd and Union in the heart of Los Angeles. This gem is situated just a short distance from Echo Park and downtown L.A. You'll love the views of Downtown Los Angeles! This is a great opportunity to have a great building in your portfolio to later develop if wanted. This property has a tremendous potential given its R4 Zoning. No vacancies or late rents. Plenty of upside and low operating costs, one can collect rents while applying for permits and plans. Onsite parking spaces, ample parking for tenants. The complex has 3 2BR, 1BA apartments and one 3 BR, 2BA. Walking distance to retail areas, close proximity to Good Samaritan Hospital and New Academy of Science and Art, Gratts Elementary and Primary Schools, freeways, Staples Center, L.A. Live etc. This one will not last! DO NOT DISTURB TENANTS.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T07:26:27.91. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/109697424
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    322 S Burlington Avenue Los Angeles (City), CA 90057

    • Price: $1,390,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 20626492
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,029
    SQFT
    $459
    $/SQFT
    1991
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Attention Investors!! Amazing opportunity to own this 2 story 4 unit apartment building centrally located near 3rd and Union in the heart of Los Angeles. This gem is situated just a short distance from Echo Park and downtown L.A. You'll love the views of Downtown Los Angeles! This is a great opportunity to have a great building in your portfolio to later develop if wanted. This property has a tremendous potential given its R4 Zoning. No vacancies or late rents. Plenty of upside and low operating costs, one can collect rents while applying for permits and plans. Onsite parking spaces, ample parking for tenants. The complex has 3 2BR, 1BA apartments and one 3 BR, 2BA. Walking distance to retail areas, close proximity to Good Samaritan Hospital and New Academy of Science and Art, Gratts Elementary and Primary Schools, freeways, Staples Center, L.A. Live etc. This one will not last! DO NOT DISTURB TENANTS.
    Exterior Features

    Direction Faces West Lot Features Front Yard Lot Size Dimensions 40X140 Lot Size Units Square Feet Parking Features DrivewayAssignedParking Space Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No View City Lights View YN Yes

    Interior Features

    Heating Wall Furnace Heating YN Yes Levels Two Window Features Double Pane Windows

    Property Features

    Country Us Financial Info As Of 2020-08-31 00:00:00 Gross Income 81600.00 Gross Multiplier 17.16 Gross Operating Income 81600.00 Maintenance Expense 1678.00 Net Operating Income 70147.00 Other Expense 175.00 Other Income1 17400.00 Rent Control YN Yes Security Features Gated CommunityCarbon Monoxide Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Expenses 11452.56 Vacancy Allowance Rate 0.00 Water Sewer Expense 8903.00 Zoning Lar4

    Listing provided courtesy of Jessica Flores of Sync Brokerage, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T07:26:27.91. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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