Back To Search
272 Burlington Avenue

Los Angeles, CA 90057

$1,150,000 Price
Est. Payment: $ 0/mo
3
Bed
0
Bath
2,778 Sq. Ft.
$414 / Sq. Ft.

272 Burlington Avenue

Los Angeles, CA 90057

$1,150,000 Price
$0/mo
3
Bed
0
Bath
2,778
Sq. Ft.
40% VACANT (2 of 5 Units) / OWNER USER OPPORTUNITY - As the exclusive listing agent, we are 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 vacant detached owner-user unit and city views. 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 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.
PROPERTY INFORMATION
MLS # SR24214257 Lot Size 5,172 Sq. Ft.
HOA Fees $0/Monthly Property Type Commercial/Residential
Price $ 1,150,000
Price Per SqFt: $ 414
DOM 204 Days
Address 272 Burlington Avenue Type Residential Income
City Los Angeles Sq.Ft. 2,778 Sq. Ft.
Postal Code 90057 Garage 3
County Los Angeles Year Built 1923
Bed / Bath 3 / 0 Parking 3
Built In 1923 Status Active
INTERIOR FEATURES
Has Laundry No
Laundry Information None
EntryLocation Front
Entry Level 1
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
  Walk Score: 89 (Very Walkable)
  Transit Score: 67 (Good Transit)
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,227
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


/year
/month

/month
PRICE HISTORY
Date Event Price
11/13/2024 Price Change $1,150,000 (0.09%)
11/06/2024 Price Change $1,149,000 (-0.09%)
10/15/2024 Listed $1,150,000
Topfind Realty

Topfind Realty

REALTOR®

(844)-333-8033

Questions? Contact today.

Use a Topfind agent and receive a cash rebate of up to $11,500
Listing provided courtesy of Jared Levine, Keller Williams Realty Calabasas. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Back To Search