1405-07 S Burlington Ave, Los Angeles, CA
Multi-family for Sale - $1,150,000 - 4,615 Sq. Ft. on 0.16 acres
Property Info
CIMLS# | 930892 |
Location 1405-07 S Burlington Ave Los Angeles CA 90006 | |
Updated | June 23rd, 2017 |
Type | Multi-family |
Price | $1,150,000 |
Building | 4,615 Sq. Ft. |
Land | 0.16 acres |
Property Description
Rosano Partners is pleased to present the opportunity to acquire a seven unit (6+1 non-conforming) apartment building located in the Pico-Union sub-market. Built in 1895/1981, the subject property offers a unit mix of 1 single, 4 one-bedroom one-bathroom, 1 two-bedroom one-bathroom, and 1 three-bedroom two-bathroom. Gas and electricity are separately metered while water is mastered. The construction is made up of stucco and wood-frame and accommodates 7 parking spots for on-site tenants. The 4 unit building in the back might be subject to non-rent control. Buyer to verify all information.
Location Description:
The subject property is situated on 1405-07 S Burlington Ave less than a mile from Metro Purple, Blue, Red and Expo line. The property lies near the intersection of W Pico Blvd and Hoover Street. Being less than a mile from many schools, restaurants, and entertainment options, the subject property allows tenants to benefit from the local offerings and transportation.
Highlights:
>> Strong rental demand market
>> Separately metered for gas & electric
>> 7 Parking spots
>> Convenient access to freeways & downtown Los Angeles
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