1711 South Burlington Avenue
$1,550,000
10
9
5,460
5,460
$284
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...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
- Listed by Michael Matthias • DRE #01489863 • Brokerage DRE #02083474 • Skylight Real Estate Advisors, Inc.
Property Details for 1711 South Burlington Avenue
Water Front
None
ZoningLARD1.5
StyleCraftsman
Parcel Number5135011012
Total Units8.0
Living Area5460
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
LISTING UPDATED: 10/11/2024 12:01 AM
Property Details for 1711 South Burlington Avenue
Status | Active |
---|---|
MLS # | 24-448549 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1912 |
Lot Size | 0.18 AC / 7,826 SF |
County | Los Angeles County |
Building Information for 1711 South Burlington Avenue
Stories2Residences-Year Built1912Building Size-Lot Size0.18 AC / 7,826 SF
Property Information for 1711 South Burlington Avenue
Property History for 1711 South Burlington Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1711 South Burlington Avenue
Taxable ValueLand$1,203,008Additions$295,633Total$1,498,641
Tax Record2024$19,134 ($1,594 / month)
Home Facts
Total Finished SqFt5,460 SqFtAbove Grade Finished SqFt5,460 SqFtLot Size7,823 SqFtStyleMulti-Family Res (5+ Units)Year Built1912ZoningLARD1.5CountyLOS ANGELESAPN5135-011-012
Schools near 1711 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 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Magnolia Avenue Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 | ||
Downtown Value School CharterK to 8 |
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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