1711 South Burlington Avenue

Los Angeles, CA 90006

$1,550,000
Price
10
Beds
9
Baths
5,460 Sq. Ft.
$284 / Sq. Ft.
5,460
Sq. Ft.
$284
per Sq. Ft.

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
  1. Listed by Michael Matthias • DRE #01489863 • Brokerage DRE #02083474 • Skylight Real Estate Advisors, Inc.

Property Details for 1711 South Burlington Avenue

Water Front
None
Zoning
LARD1.5
Style
Craftsman
Parcel Number
5135011012
Total Units
8.0
Living Area
5460
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
LISTING UPDATED: 10/11/2024 12:01 AM

Property Details for 1711 South Burlington Avenue

StatusActive
MLS #24-448549
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.18 AC / 7,826 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: n/a
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $143,300
  • Net Operating Income: $97,541.00
  • Gross Income: $147,732
  • Cap Rate: 6.30%
  • Gross Rent Multiplier: $10.49
  • Total Annual Expense: 45759
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1797
  • Lot Size Square Feet: 7826
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 10
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-03-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $7,311.00
  • Unit Actual Rent: $7,311.00
  • Unit Projected Rent: $10,800.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $289,494.00
  • Assessed Improvement Percent: 19.71
  • Assessed Land Value: $1,179,420.00
  • Assessed Land Percent: 80.29
  • Assessed Total Value: $1,468,914.00

Property History for 1711 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 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.

Similar Homes

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1711 South Burlington Avenue is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on October 3, 2024 by Skylight Real Estate Advisors, Inc., it's currently listed at $1,550,000. It has been on the market for a total of 28 days and was last sold on February 7, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Magnolia Avenue Elementary School, Berendo Middle School and West Adams Preparatory High School. 1711 South Burlington Avenue is a 10-bed, 9-bath, 5,460 sqft multi-family home built in 1912.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skylight Real Estate Advisors, Inc., Michael Matthias, DRE #01489863

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.