CA > Los Angeles
Los Angeles, CA 90006,1711 S Burlington Ave
Los Angeles, CA 90006,1711 S Burlington Ave
Los Angeles, CA 90006,1711 S Burlington Ave
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$1,550,000
Est. payment /mo
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10 BD
9 BA
5,460 SqFt
Active Under Contract

1711 S Burlington Ave Los Angeles, CA 90006

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Enrique Arce Cervera

Enrique Arce Cervera

+1(702) 601-3668

UPDATED:

11/18/2024 08:34 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,460 sqft

Price per Sqft $283

MLS Listing ID 24-448549

Style Craftsman

Bedrooms 10

Year Built 1912

Lot Size 7,826 Sqft

Acres 0.1797

Property Description

Welcome to 1711 Burlington Ave, a classic Craftsman-style building situated at the vibrant edge of Koreatown. This 8-unit property offers a rare value-add opportunity with immediate cash flow potential, making it an excellent investment for savvy buyers. With many units already updated, there's still room for improvement and enhancement, allowing the new owner to increase rental income further. Nestled at the intersection of Koreatown, residents will enjoy convenient access to an eclectic mix of dining, shopping, and entertainment options, along with excellent public transit connections. The property sits on a generous 7,823 sq ft lot, presenting an exciting opportunity to capitalize on SB 1211. The new owner could potentially build up to 8 additional ADUs (Accessory Dwelling Units), maximizing both rental income and property value. With existing tenants in place and strong rental demand in the area, this building promises cash flow from day one, ensuring a solid return on your investment. The building's classic Craftsman architecture features create a warm atmosphere that tenants will love. DRIVE BY ONLY, DO NOT DISTURB TENANTS

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Ceiling Fan, Range/Oven, Refrigerator

Exterior

Parking Features Uncovered

Garage Spaces 10.0

Waterfront Description None

View Y/N No

View None

Building

Story 2

Architectural Style Craftsman

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Skylight Real Estate Advisors, Inc.

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Enrique Arce Cervera

Realtor | RE.S.0193817

+1(702) 601-3668

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1711 S Burlington Ave