272 South Burlington Avenue

Los Angeles, CA 90026

$1,150,000
Price
3
Beds
5
Baths
2,778 Sq. Ft.
$414 / Sq. Ft.
2,778
Sq. Ft.
$414
per Sq. Ft.

Virtual Tour

Virtual Tour

Description

40% VACANT (2 of 5 Units) / OWNER USER OPPORTUNITY - As the exclusive listing agent, we are pleased to present the opportunity to acquire The Burlington in the submarket of Westlake North (LA Market) and in close proximity to Echo Park, Hollywood, Koreatown, and DTLA. This offering includes a 5-unit charming bungalow multifamily building built in 1923 with a footprint of approximately 2,778 SF, sitting on an elevated corner lot with a vacant detached owner-user unit and city views. The Burlington...40% VACANT (2 of 5 Units) / OWNER USER OPPORTUNITY - As the exclusive listing agent, we are pleased to present the opportunity to acquire The Burlington in the submarket of Westlake North (LA Market) and in close proximity to Echo Park, Hollywood, Koreatown, and DTLA. This offering includes a 5-unit charming bungalow multifamily building built in 1923 with a footprint of approximately 2,778 SF, sitting on an elevated corner lot with a vacant detached owner-user unit and city views. The Burlington offers an investor a significant value-add opportunity with approximately 35% (+/-) of potential upside in rents spread across a desirable unit mix. The property has seen upgrades to the electrical, roofing, and plumbing under the current ownership. Delivered 40% vacant (2 of 5 units), the property provides the possibility of leveraging the high demand for both market-rate and Section 8 tenants. This well-located multifamily property offers a rare opportunity to secure a unique corner lot property for both investors and owner-users in a high-demand rental pocket surrounded by new development and continued gentrification. The Burlington is situated in Westlake North, a diverse and vibrant neighborhood. The property is located close to Echo Park, Hollywood, Koreatown, and Downtown Los Angeles, providing easy access to cultural and commercial hotspots. Westlake North offers a mix of history and growth, making it a highly attractive area for tenants. Additionally, the property is near Echo Park Lake, numerous cafes, restaurants, and other amenities, offering a rich living experience. This neighborhood continues to experience growth due to its centrality and ongoing gentrification.
  1. Listed by Jared Levine • DRE #01804008 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas • jared@jaredmlevine.com

Property Details for 272 South Burlington Avenue

Parking Spaces Total
3
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2778
Assessor Parcel Number
5153-002-001
Property Attached YN
true
LISTING UPDATED: 11/13/2024 05:34 AM

Property Details for 272 South Burlington Avenue

StatusActive
MLS #SR24214257
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.12 AC / 5,172 SF
CountyLos Angeles County

Virtual Tour

Building Information for 272 South Burlington Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.12 AC / 5,172 SF

Property Information for 272 South Burlington Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 6795
  • Tax Census Tract: 2084.01
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Landscaped
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 272 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 272 South Burlington Avenue

Taxable ValueLand$464,232Additions$265,283Total$729,515
Tax Record2024$9,627 ($802 / month)
Home Facts
Total Finished SqFt2,778 SqFtAbove Grade Finished SqFt2,778 SqFtLot Size5,172 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAC2CountyLOS ANGELESAPN5153-002-001

Schools near 272 South Burlington Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Union Avenue Elementary School
Public - K to 5
Sal Castro Middle School
Public - 6 to 8
Contreras Learning Center-School Of Social Justice
Public - 9 to 12
Academic Leadership Community School
Public - 9 to 12
Rating
School
Distance
Union Avenue Elementary School
PublicK to 5

Sal Castro Middle School
Public6 to 8

Contreras Learning Center-School Of Social Justice
Public9 to 12

Academic Leadership Community School
Public9 to 12

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Westlake

Neighborhoods

Cities

ZIPs

More information about 272 South Burlington Avenue, Los Angeles, CA 90026

272 South Burlington Avenue is a mixed use property for sale in Los Angeles, CA 90026. This property was listed for sale on October 15, 2024 by Keller Williams Realty Calabasas, it's currently listed at $1,150,000. It has been on the market for a total of 67 days and was last sold on July 31, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Union Avenue Elementary School, Sal Castro Middle School and Contreras Learning Center-School Of Social Justice. 272 South Burlington Avenue is a 3-bed, 5-bath, 2,778 sqft mixed use property built in 1923.

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 Keller Williams Realty Calabasas, Jared Levine, DRE #01804008

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.