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$ 1,138,500
Est. payment /mo
Active
2305 S Burnside AVE Los Angeles, CA 90016
5,791 Sqft Lot
UPDATED:
09/04/2024 07:42 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24117674
Originating Board California Regional MLS
Year Built 1924
Lot Size 5,791 Sqft
Property 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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5063019036
Special Listing Condition Not Applicable
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Listed by Behrouz Lavi • Keller Williams Realty-Studio City