REQUEST A TOUR
$ 1,600,000
Est. payment | /mo
12 Baths
5,040 SqFt
$ 1,600,000
Est. payment | /mo
12 Baths
5,040 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $317
MLS Listing ID 25624485
HOA Y/N No
Year Built 1950
Property Description
We are pleased to present an exceptional value-add opportunity located at 1350 S. Burlington Avenue. This 1950 asset is already performing at an 11.56 GRM and 5.09% CAP, with a clear path to a 7.96 GRM and 8.86% CAP a rare upside spread in this submarket. The property benefits from major roof repairs, mostly copper plumbing, and six on-site parking spaces. This is an ideal play for investors seeking meaningful rent upside, solid in-place numbers, and a straightforward value-add opportunity in a high-demand rental corridor.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5135020008
Special Listing Condition Standard
Listed by Jonathan Prakash Equity Union
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4040 Barranca Pkwy # 150, Irvine, California, 92604, USA