1711 S Burlington Avenue
Los Angeles, CA 90006
5460 sqft | 10 beds | 0.18 acres | #24448549
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 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
Interior Details
- InteriorCeilingFans
Beds & Baths
- Bedrooms10
Property Details
- Stories2
Measurements
- Acres0.1797
- Square Feet5460
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1912
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,550,000
Other
- MLS #24448549
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael Matthias (#CLW-X95845)
Listing Office: Skylight Real Estate Advisors, Inc. (#CLW-X82908)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
