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    669 S Burlington Ave

    Los Angeles, CA 90057
    • $1,890,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 21-682198
    UPDATED: 67 min ago
    $1,890,000
    • 16
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,410
      SQFT
    • $429
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1904
    County:

    School Ratings & Info

    Description

    ATTENTION ALL INVESTORS AND DEVELOPERS. This is a positive cash flow income property with a 6% cap rate. RARE, permitted 3-level single family boarding house with 16 tenant occupied spacious rooms, with a shared kitchen and coined laundry machine for additional income. Beautifully detailed Victorian-style residence. Parking in the rear of the house along with a detached garage. Zone R4 for future development opportunity. Scheduled Rent Roll and OM provided upon request.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-26T22:42:25.97. 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.jelmbergteam.com/homes/113401462
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    669 S Burlington Ave Los Angeles, CA 90057

    • Price: $1,890,000
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 21-682198
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,410
    SQFT
    $429
    $/SQFT
    1904
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    ATTENTION ALL INVESTORS AND DEVELOPERS. This is a positive cash flow income property with a 6% cap rate. RARE, permitted 3-level single family boarding house with 16 tenant occupied spacious rooms, with a shared kitchen and coined laundry machine for additional income. Beautifully detailed Victorian-style residence. Parking in the rear of the house along with a detached garage. Zone R4 for future development opportunity. Scheduled Rent Roll and OM provided upon request.
    Exterior Features

    Lot Size Area 7500 Other Structures Other Parking Garage Private GarageParking Space Total Parking 0

    Interior Features

    Baths Total 8.00 Cooling Air Conditioning Equipment Other Heating Central

    Property Features

    Assessed Total Value 797376 Gross Income 155230 Gross Operating Income 116859 Like Units1 16 Net Operating Income 116859.36 Number Of Buildings 1 Number Of Units 16 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 38371.20 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Christina Kim DRE#01431281 of Keller Williams Larchmont.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-26T22:42:25.97. 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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    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211