2305 South Burnside Avenue
$1,138,500
7
3
1,973
1,973
$577
Description
Three-unit Property with Future Development Potential with RD.1 Zoning. Located in the desirable neighborhood of Mid-Wilshire near Culver City, Beverly Hills, and Downtown Los Angeles, this property boasts a great mix of units, including two-bedroom and three-bedroom layouts. Each is occupied by stable tenants, ensuring consistent rental income for the new owner. The property is designed for easy management, making it an ideal investment for those seeking a hassle-free income stream with low operating...Three-unit Property with Future Development Potential with RD.1 Zoning. Located in the desirable neighborhood of Mid-Wilshire near Culver City, Beverly Hills, and Downtown Los Angeles, this property boasts a great mix of units, including two-bedroom and three-bedroom layouts. Each is occupied by stable tenants, ensuring consistent rental income for the new owner. The property is designed for easy management, making it an ideal investment for those seeking a hassle-free income stream with low operating expenses. With a solid 6.1% CAP rate and 12.2 GRM, this property promises a strong return on investment. 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.
- Listed by Behrouz Lavi • DRE #01482721 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City • 818-235-7290
Property Details for 2305 South Burnside Avenue
Parking Spaces Total
4
Private PoolNo
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Living Area1973
Assessor Parcel Number5063-019-036
Property Attached YNtrue
LISTING UPDATED: 09/04/2024 05:38 AM
Property Details for 2305 South Burnside Avenue
Status | Active |
---|---|
MLS # | SR24117674 |
Days on Market | 165 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.13 AC / 5,791 SF |
County | Los Angeles County |
Building Information for 2305 South Burnside Avenue
Stories1Residences-Year Built1924Building Size-Lot Size0.13 AC / 5,791 SF
Property Information for 2305 South Burnside Avenue
Property History for 2305 South Burnside 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 2305 South Burnside Avenue
Taxable ValueLand$638,846Additions$274,191Total$913,037
Tax Record2024$11,350 ($946 / month)
Home Facts
Total Finished SqFt1,937 SqFtAbove Grade Finished SqFt1,937 SqFtLot Size5,821 SqFtStyleTriplexYear Built1924ZoningLARD1.5CountyLOS ANGELESAPN5063-019-036
Schools near 2305 South Burnside 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 - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Marvin Elementary School PublicK to 5 | ||
Daniel Webster Middle School Public6 to 8 | ||
Susan Miller Dorsey Senior High School Public9 to 12 | ||
New Los Angeles Charter School Charter6 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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