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5 Units | Under $950,000 | 40% Vacant 272 S Burlington Ave 5 Unité Immeuble d’appartements 1 300 217 $ CAD (260 043 $ CAD/Unité) 6% Taux de capitalisation Los Angeles, CA 90057
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Faits saillants de l'investissement
- Delivered 40% Vacant (2 of 5 units) Including Detached 2+1
- Upgrades to Electrical, Roofing, and Plumbing - Buyer to Verify
- Benefits From Raised Elevations with Amazing City Views
- Ideal Owner User Property | Cheaper than most SFR
- High Demand Rental Pocket for Both Market Rate and Section 8
- Within Close Proximity to Echo Park, Hollywood, Koreatown, and DTLA
Résumé de l'annonce
PROPERTY OVERVIEW
Jared Levine of JML Real Estate Group / KW Commercial, the exclusive listing agent, is 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 detached owner-user unit and city views.
THE OPPORTUNITY
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 LOCATION
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.
Contact us for an OM.
Jared Levine of JML Real Estate Group / KW Commercial, the exclusive listing agent, is 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 detached owner-user unit and city views.
THE OPPORTUNITY
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 LOCATION
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.
Contact us for an OM.
Faits sur la propriété
Commodités
Commodités du site
- Accès 24 heures
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Un paradis pour un marcheur (91)
Transit Score®
Excellent transport en commun (82)
Impôts fonciers
| Numéro de lot | 5153-002-001 | Évaluation des bâtiments | 369 390 $ CAD |
| Évaluation du terrain | 646 416 $ CAD | Évaluation totale | 1 015 806 $ CAD |
Impôts fonciers
Numéro de lot
5153-002-001
Évaluation du terrain
646 416 $ CAD
Évaluation des bâtiments
369 390 $ CAD
Évaluation totale
1 015 806 $ CAD
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5 Units | Under $950,000 | 40% Vacant | 272 S Burlington Ave
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