Property listed by Equity Union, Jonathan Prakash 424-600-7620
1350 S Burlington Avenue
Los Angeles, CA 90006
Baths
12
Square Ft.
5,040
$1,600,000
We are pleased to present an exceptional value-add opportunity located at 1350 S. Burlington Avenue. This 1950 asset is already performing at an 11.56 GRM and 5.09% CAP, with a clear path to a 7.96 GRM and 8.86% CAP a rare upside spread in this submarket. The property benefits from… Read More major roof repairs, mostly copper plumbing, and six on-site parking spaces. This is an ideal play for investors seeking meaningful rent upside, solid in-place numbers, and a straightforward value-add opportunity in a high-demand rental corridor. Read Less
Listing Snapshot
Days Online
8
Last Updated
Square Ft.
5,040
Lot Size
0.17 Acres
Year Built
1950
MLS Number
25624485
Additional Details
Building
Built in 1950, Living area: 5040.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $138,441, Net Operating Income: $81,470
Lot
0.1677 acres
Parking
6 total parking spaces, Uncovered
Taxes
Parcel Number: 5135020008, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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