USACALos Angeles272 S Burlington Ave
272 S Burlington Ave, House other with 2 bedrooms, 1 bathrooms and 3 parking in LOS ANGELES CA | Image 1
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$998,000

272 S Burlington Ave, Los Angeles, CA

House

For Sale

$--,---,---
213
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2778 sqft
Garage Yes
Taxes 
Days Active 0
Lot Size 
Approx. Age 1923
Avg. Price Per Sqft $359
MLS® Number SR25160896

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Owner User Opportunity with Vacant freestanding 2+1 Bungalow with 4 additional 1+1 Bungalows. Property is 40% vacant (2 of 5 units). 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.Show Description
MLS® NumberSR25160896
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage0.1187
Exterior
GarageYes
Approx. Age1923
Basement
Driveway
Garage Spaces
Heat
A/CNone
Heating Fuel

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