2305 Burnside Avenue, Los Angeles
Los Angeles 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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- City:
- Los Angeles
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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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- Bathrooms:
- 2
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- Lot Size:
- 0.13
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- Garages:
- 4
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- HOA Dues:
- $
Price Change History for 2305 Burnside Avenue, Los Angeles, (MLS® #SR24117674)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,150,000) | $1,140,000 | $10,000 (0.87%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 26th, 2024 at 10:26am PDT. 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.