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.
Property Details
Price:
$1,138,500
MLS #:
SR24117674
Status:
Active
Baths:
0
Address:
2305 S Burnside Avenue
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jun 10, 2024
State:
CA
ZIP:
90016
Lot Size:
5,791 sqft / 0.13 acres (approx)
Year Built:
1924
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address2305 S Burnside Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
Similar Listings Nearby
- 2121 Portland Street
Los Angeles, CA$1,479,000
4.50 miles away
- 2201 S Ridgeley Drive
Los Angeles, CA$1,475,000
0.10 miles away
- 1138 Fedora Street
Los Angeles, CA$1,459,000
3.65 miles away
- 3500 Cimarron Street
Los Angeles, CA$1,450,000
2.64 miles away
- 2117 Alsace Avenue
Los Angeles, CA$1,450,000
0.40 miles away
- 3914 W Adams Boulevard
Los Angeles, CA$1,450,000
1.83 miles away
- 1418 Orchard Avenue
Los Angeles, CA$1,450,000
4.11 miles away
- 1356 Meadowbrook Avenue
Los Angeles, CA$1,450,000
1.02 miles away
- 3625 9th Avenue
Los Angeles, CA$1,450,000
2.08 miles away
- 1100 S Highland Avenue
Los Angeles, CA$1,450,000
1.72 miles away
Courtesy of Keller Williams Realty-Studio City. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2305 S Burnside Avenue
Los Angeles, CA
LIGHTBOX-IMAGES