1711 S Burlington Avenue, Los Angeles, CA 90006
-
Listed Price :
$1,550,000
-
Beds :
10
-
Baths :
9
-
Property Size :
5,460 sqft
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Year Built :
1912
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
Interior Features
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
9 |
| Interior Information |
| Features |
Ceiling Fan(s) |
| Cooling Type |
None |
Listing Information
| Address |
1711 S Burlington Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90006 |
| County |
Los Angeles |
| Listing Agent |
Michael Matthias DRE #01489863 |
| Courtesy Of |
Skylight Real Estate Advisors, Inc. |
| List Price |
$1,550,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,460 |
| Lot Size |
7,826 |
| Year Built |
1912 |
Listing information courtesy of: Michael Matthias, Skylight Real Estate Advisors, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 11th, 2024 at 1:05 PM 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.
