$1,138,500
2305 S Burnside Avenue Los Angeles, CA 90016
$1,138,500
Est. payment /mo
7 BD
3 BA
5,791 Sqft Lot
Price Dropped by $1K
2305 S Burnside Avenue Los Angeles, CA 90016
UPDATED:
09/05/2024 04:51 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24117674
Bedrooms 7
HOA Y/N No
Lot Size 5,791 Sqft
Property 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 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.
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.
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.
Location
State CA
County Los Angeles
Area Los Angeles (90016)
Zoning Assessor
Building
Story 1
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $33
Acceptable Financing Conventional
Space Rent $2,374
Listing Terms Conventional
Listed by Behrouz Lavi • Keller Williams Realty-Studio City
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