2305 S Burnside Avenue
Los Angeles, CA, 90016
$1,138,500
Beds
0 Baths
SqFt
0.13 Acres
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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
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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

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2305 S Burnside Avenue
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