Homes for sale - 1711 S Burlington AVE, Los Angeles, CA 90006

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Dec

Thu

Dec

Fri

Dec

Rene Ramirez

findmycastle@castrarealty.com +1(951) 384-0656

$1,550,000

Est. payment - /mo

10 Beds

9 Baths

5,460 SqFt

Save

UPDATED:

11/18/2024 09:45 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,460 sqft

Price per Sqft $283

MLS Listing ID 24448549

Bedrooms 10

HOA Y/N No

Year Built 1912

Lot Size 7,827 Sqft

Property Description

Welcome to 1711 Burlington Ave, a classic Craftsman-style building situated at the vibrant edge of Koreatown. This 8-unit property offers a rare value-add opportunity with immediate cash flow potential, making it an excellent investment for savvy buyers. With many units already updated, there's still room for improvement and enhancement, allowing the new owner to increase rental income further. Nestled at the intersection of Koreatown, residents will enjoy convenient access to an eclectic mix of dining, shopping, and entertainment options, along with excellent public transit connections. The property sits on a generous 7,823 sq ft lot, presenting an exciting opportunity to capitalize on SB 1211. The new owner could potentially build up to 8 additional ADUs (Accessory Dwelling Units), maximizing both rental income and property value. With existing tenants in place and strong rental demand in the area, this building promises cash flow from day one, ensuring a solid return on your investment. The building's classic Craftsman architecture features create a warm atmosphere that tenants will love. DRIVE BY ONLY, DO NOT DISTURB TENANTS

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Uncovered

View Y/N No

View None

Total Parking Spaces 10

Building

Story 2

Entry Level One

Architectural Style Craftsman

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5135011012

Special Listing Condition Standard

Read Less Info

Listed by Michael Matthias • Skylight Real Estate Advisors, Inc.

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

GET MORE INFORMATION

Rene Ramirez

+1(951) 384-0656

Broker | License ID: 02038829

Broker License ID: 02038829

QUICK SEARCH

1711 S Burlington AVE Los Angeles, CA 90006

Rene Ramirez

Key Details

Location

Interior

Exterior

Building

Others

MORTGAGE CALCULATOR

GET MORE INFORMATION

Go tour this home

1711 S Burlington AVE