2305 S Burnside Avenue
Los Angeles, CA 90016
$11,500.00 (-1%)
Active for $1,138,500
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 5,791 sqft
| MLS | SR24117674 |
| Year Built | 1924 |
| Property Type | Triplex |
| County | Los Angeles |
| Status | Active |
| Active | $1,138,500 |
| Structure Size | N/A sqft |
| Lot Size | 5,791 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Behrouz Lavi, Keller Williams Realty-Studio City . *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Emy Penaloza
REALTOR®
Direct: 818.983.8095
Email: Email Me
DRE: 02153504
DRE #01873088
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