2305 S Burnside Avenue,
Home For Sale
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 5.5% CAP rate and 13 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.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90016
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- MLS® #:
- SR24117674
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- Bedrooms:
- 5
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- Lot Size:
- 0.13
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- Neighborhood:
- LOS ANGELES (90016)
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Listing information last updated on July 18th, 2024 at 1:03pm PDT.