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307 S Burlington Ave Los Angeles, CA, 90057
$1,300,000 Commercial for sale Other
I am pleased to offer for sale a 10-unit apartment community located at 307 South Burlington Avenue. The subject property is located south of 3rdStreet within the Westlake sub-market, which borders three thriving markets Koreatown, Downtown, and Echo Park. Situated on a 5,397 square foot parcel, the property is comprised of four singles, four studios, and two one-bedroom units. The property has 44% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 307 South Burlington Avenue an excellent acquisition opportunity.
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Property details
3,976 sqft interior area
Land area
5,397 sqft (0.12 acres)
Days on Verhouse
46
Address
307 S Burlington Ave, Los Angeles, CA, 90057
City of California
Los Angeles
County
Los Angeles
Year Built
1925
District
Listing
Nearby major retailers
Costco
T-Mobile
Albertsons
Trader Joe's
Toyota
Whole Foods Market
Wholesale: 1
Mobile phone: 6
Supermarket: 6
Car: 2
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Interior Features
—
Garage & Parking
None
Listed by
Sean Rosenzweig, Marcus & Millichap
Name
Sean Rosenzweig
License number
01406343
Brokerage company
Marcus & Millichap
MLS #
CL24374935
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Calculate your monthly payments
Mortgage
$3,992
Taxes
$0
HOA dues
$0
Mortgage
$260,000 / 20%
2.28%
30 years
Your amount
$3,992 / month
Lot details
TMK #5154022012
Parcel nr.
5154022012
90057 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90057
39%
Families with children
National average: 39%
53%
Non family households
898,924
Population
$66,378
Average Income
Age & gender
Median age 35 years
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Commute types
61% commute by car
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Education level
27% have not graduated education
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Number of employees
1% work in management
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Vehicles available
46% have 1 vehicle
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Vehicles by gender
46% have 1 vehicle
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Housing market insights for
$1.19m
Neighborhood average
sales price*
sales price*
$945.63k
Neighborhood median
sales price*
sales price*
527
Number
of sales*
of sales*
Housing type
44% are apartments
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Rooms
37% of the houses have 2 or 3 rooms
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Bedrooms
37% have 2 or 3 bedrooms
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Owners vs Renters
85% are renters
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11.67 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Apr 1, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 1, 2024 | New Listing | $1,300,000 | 0 | MLS #CL24374935 |
| Jan 19, 2024 | Unavailable | $1,300,000 | 0 | MLS #CL23297147 |
| Dec 6, 2023 | Price Decrease | $1,300,000 -6.81% | 0 | MLS #CL23297147 |
| Aug 2, 2023 | New Listing | $1,395,000 | 0 | MLS #CL23297147 |
Taxes of 307 S Burlington Ave, Los Angeles, CA, 90057
LAC2 zoning / MLS #CL24374935
Zoning
LAC2
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Frequently Asked Questions about 307 S Burlington Ave
What is 307 S Burlington Ave?
307 S Burlington Ave is a Commercial/Industrial propertywith 3,976 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
307 S Burlington Ave, Los Angeles, CA, 90057.
What comparable properties are nearby?
Comparable nearby commercial properties include 160 Union Pl, 151 S Mountainview St, 2502 W 3rd St, 733 S Burlington Ave, 744 S Carondelet St, 316 N Coronado St.
Based on information from the bridgeMLS as of 05-16-2024. 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.
Listing last updated on: Apr 09, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Food 4 Less, 0.29 miles away and Grocery Outlet, 0.64 miles away.
The 90057 zip area has a population of 898,924, and 39% of the families have children. The median age is 35.33 years and 61% commute by car. The most popular housing type is "apartment" and 85% is renter.
