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The Stoker Group

[email protected] +1(949) 510-8917

$ 998,000

Est. payment -/mo

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272 S Burlington AVE Los Angeles, CA 90057

2 Beds

1 Bath

2,778 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,778 sqft

Price per Sqft $359

MLS Listing ID SR25160896

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1923

Lot Size 5,170 Sqft

Property Sub-Type Single Family Residence

Property Description

Owner User Opportunity with Vacant freestanding 2+1 Bungalow with 4 additional 1+1 Bungalows. Property is 40% vacant (2 of 5 units). As the exclusive listing agent, we are pleased to present the opportunity to acquire The Burlington in the submarket of Westlake North (LA Market) and in close proximity to Echo Park, Hollywood, Koreatown, and DTLA. This offering includes a 5-unit charming bungalow multifamily building built in 1923 with a footprint of approximately 2,778 SF, sitting on an elevated corner lot with a vacant detached owner-user unit and city views. The Burlington offers an investor a significant value-add opportunity with approximately 35% (+/-) of potential upside in rents spread across a desirable unit mix. The property has seen upgrades to the electrical, roofing,and plumbing under the current ownership. Delivered 40% vacant (2 of 5 units), the property provides the possibility of leveraging the high demand for both market-rate and Section 8 tenants. This well-located multifamily property offers a rare opportunity to secure a unique corner lot property for both investors and owner-users in a high-demand rental pocket surrounded by new development and continued gentrification. The Burlington is situated in Westlake North, a diverse and vibrant neighborhood. The property is located close to Echo Park, Hollywood, Koreatown,and Downtown Los Angeles, providing easy access to cultural and commercial hotspots. Westlake North offers a mix of history and growth, making it a highly attractive area for tenants. Additionally, the property is near Echo Park Lake, numerous cafes, restaurants, and other amenities, offering a rich living experience. This neighborhood continues to experience growth due to its centrality and ongoing gentrification.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAC2

Rooms

Main Level Bedrooms 2

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs

View Y/N Yes

View City Lights

Total Parking Spaces 3

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5153002001

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Jared Levine Keller Williams Realty Calabasas [email protected]

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The Stoker Group

Agent | License ID: 01738521

+1(949) 510-8917 | [email protected]

The Stoker Group

272 S Burlington AVE Los Angeles, CA 90057

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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272 S Burlington AVE