1711 Burlington Avenue Los Angeles, CA 90006

Cluster Residence

10 Beds

9 Baths

... Bed/Bath

5,460 Sq. Ft.

Property Activity

Time on Site

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Last updated on 10/5/2024 11:09 AM

Listing Details

Welcome to 1711 Burlington Ave, a classic Craftsman-style building situated at the vibrant edge of Koreatown. This 8-unit property offers a rare value-add opportunity with immediate cash flow potential, making it an excellent investment for savvy buyers. With many units already updated, there's stil...l room for improvement and enhancement, allowing the new owner to increase rental income further. Nestled at the intersection of Koreatown, residents will enjoy convenient access to an eclectic mix of dining, shopping, and entertainment options, along with excellent public transit connections. The property sits on a generous 7,823 sq ft lot, presenting an exciting opportunity to capitalize on SB 1211. The new owner could potentially build up to 8 additional ADUs (Accessory Dwelling Units), maximizing both rental income and property value. With existing tenants in place and strong rental demand in the area, this building promises cash flow from day one, ensuring a solid return on your investment. The building's classic Craftsman architecture features create a warm atmosphere that tenants will love. DRIVE BY ONLY, DO NOT DISTURB TENANTS Continue reading

MLS#

24448549

Property Type

Cluster

Bedrooms

Bathrooms

Year Built

1912

Square Feet

5,460 sq. ft

Lot Size

0.18