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127 N Burlington Ave

Los Angeles, CA 90026
  • $995,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: 21-113269
UPDATED: 72 min ago
$995,000
  • 5
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,369
    SQFT
  • $420
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1904
County:

School Ratings & Info

Description

Very proud to present the exclusive listing for sale of 127 N Burlington Avenue, Los Angeles, CA 90026. Great Investment fourplex near trendy Echo Park. Los Angeles zoned LARD1.5 with long-term tenants and below market rents. Property consists of two 2-bedroom / 1-bathroom units, one 1-bedroom / 1-bathroom unit, and 1 single / one-bathroom unit and 6 gated parking spaces. Top units have amazing views of Downtown LA skyline, Hollywood Sign, Griffith Park Observatory. The large lot allows for a small possible subdivision of 6-unit condo development, apartment building or add 2 ADUs in the back to maximize ROI. Alley allows for maximized parking access which is currently not being used. The area is a historic Filipinotown immediately adjacent to Echo Park and offers quick access to major public transportation, vehicular grids and a mere 5 mins drive to DTLA. Recent updates include new 200-amp electrical panel, iron work, asphalt driveway, parking, new paint, updated plumbing, and updated tile work. Located within blocks of new developments this property will immediately appreciate in value and may soon be considered as part of Downtown Los Angeles.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T13:42:54.777. 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.
www.brandiprattrealestate.com/homes/124205598
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127 N Burlington Ave Los Angeles, CA 90026

  • Price: $995,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 72 min ago
  • ID#: 21-113269
5
Beds
0
Baths
0
½ Baths
0.14
Acres
2,369
SQFT
$420
$/SQFT
1904
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Very proud to present the exclusive listing for sale of 127 N Burlington Avenue, Los Angeles, CA 90026. Great Investment fourplex near trendy Echo Park. Los Angeles zoned LARD1.5 with long-term tenants and below market rents. Property consists of two 2-bedroom / 1-bathroom units, one 1-bedroom / 1-bathroom unit, and 1 single / one-bathroom unit and 6 gated parking spaces. Top units have amazing views of Downtown LA skyline, Hollywood Sign, Griffith Park Observatory. The large lot allows for a small possible subdivision of 6-unit condo development, apartment building or add 2 ADUs in the back to maximize ROI. Alley allows for maximized parking access which is currently not being used. The area is a historic Filipinotown immediately adjacent to Echo Park and offers quick access to major public transportation, vehicular grids and a mere 5 mins drive to DTLA. Recent updates include new 200-amp electrical panel, iron work, asphalt driveway, parking, new paint, updated plumbing, and updated tile work. Located within blocks of new developments this property will immediately appreciate in value and may soon be considered as part of Downtown Los Angeles.
Exterior Features

Lot Size Area 6000 Other Structures None Parking Garage Driveway Total Parking 5

Interior Features

Baths Total 4.00 Cooling Other Equipment Other Flooring Other Heating Other

Property Features

Assessed Total Value 475647 Gross Income 50694 Gross Operating Income 50694 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 27598.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 23096 Type Of Units Residential Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of David Bramante DRE#01511588 of Douglas Elliman Of California, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T13:42:54.777. 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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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583