2305 S Burnside Avenue, Los Angeles, CA 90016
Property · 2 recorded sales since 2020
Sold September 2020
Listing Agent: Behrouz Lavi (DRE #01482721) · Listing Office: Keller Williams Realty-Studio City · Contact: 818-432-1500 · Bought with: NONE NONE · None MRML · MLS #SR20193146 · Source: CRMLS
About this property
Attention all developers - Investors looking for a ready to remodel project and first time home buyers. Endless possibilities in One of the most rapidly transforming neighborhoods of Los Angeles. This 3 unit multifamily property is ready for remodeling. Collect market rent for new income-generating 6.5% cap rater per proforma and immediately add value or demolish existing buildings and build 3 townhome-style apartments on this 5820SQ ft RD1.5 zoning with no tenants relocation fees. This 3 unit income property features a front duplex Two 1 bed /1 Bath, and the end unit features 2 bedrooms + Den /1 bath. It’s perfect for Owner User with no sharing walls. Each unit has an open kitchen concept, room to add washer and dryer, two entrances, and an open floor plan—great location close to culver city, Beverly Hills, and Downtown Los Angeles. Tech companies are moving to this area, which is evidence of the long term investment strategy and investor confidence in the growth of this part of Los Angeles. The property is being sold in AS-IS condition.
Listing description from the September 2020 sale, as reported to CRMLS.
Sale history
