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1618 S Burnside Ave

Los Angeles, CA 90019
  • $875,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 22-156115
New On Site 5 Days Ago
UPDATED: 53 min ago
$875,000
  • 5
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,628
    SQFT
  • $537
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

School District:

Description

Attention ALL builders and investors - Rare Opportunity to acquire two adjacent RD1.5 lots (along with 1612 S Burnside) totaling over 14,600 sq ft land area. Zoned RD1.5 for future larger development. Seller owns both properties and wishes to sell both properties at the same time in order to effectuate their 1031 Tax Deferred Exchange. Subject property is 2 houses on one lot. Front house is a 3 bed + 2 bath and the rear house is a 2 bed + 1 bath. Both units are tenant occupied and will not be delivered vacant. Separately metered for gas & electricity. Operating expenses, Cap rate, etc. are estimates only and not verified. Please do NOT disturb tenants or walk onto property. Units can be viewed after accepted offer. Property being sold in its present AS IS condition.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. 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.searchdesertrealestate.com/homes/128655204
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1618 S Burnside Ave Los Angeles, CA 90019

  • Price: $875,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 53 min ago
  • MLS #: 22-156115
5
Beds
0
Baths
0
½ Baths
0.14
Acres
1,628
SQFT
$537
$/SQFT
1926
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
School District:
Los Angeles Unified
Property Description
Attention ALL builders and investors - Rare Opportunity to acquire two adjacent RD1.5 lots (along with 1612 S Burnside) totaling over 14,600 sq ft land area. Zoned RD1.5 for future larger development. Seller owns both properties and wishes to sell both properties at the same time in order to effectuate their 1031 Tax Deferred Exchange. Subject property is 2 houses on one lot. Front house is a 3 bed + 2 bath and the rear house is a 2 bed + 1 bath. Both units are tenant occupied and will not be delivered vacant. Separately metered for gas & electricity. Operating expenses, Cap rate, etc. are estimates only and not verified. Please do NOT disturb tenants or walk onto property. Units can be viewed after accepted offer. Property being sold in its present AS IS condition.
Exterior Features

Cross Streets Venice And Hauser Direction Faces West Exterior Construction Stucco Levels One Lot Description Value In LandLot-Level/Flat Lot Location City Lot Size Area 6000 Other Structures Other Parking Garage Uncovered Patio Features Patio Open Pool Description None Pool YN No Roof Asphalt Spa None Spa YN No Style Country English Tennis Court None Total Parking 3 View Description None View YN No Water Frontage None

Interior Features

Baths Total 3.00 Common Walls Detached/No Common Walls Cooling None Den No Dining Room No Equipment None Family Room No Flooring Mixed Heating Wall Laundry In Unit Laundry Equipment Own Rooms Living RoomPatio Open Water Heater Features Gas

Property Features

Assessed Total Value 70377 Gross Income 37800 Gross Operating Income 37800 Land Lease Type Fee Like Units1 1 Like Units2 1 Net Operating Income 25800.00 Number Of Buildings 2 Number Of Units 2 Owner Pays Water Property Condition Value Mainly In LandRepair Cosmetic Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays GasElectricity Total Annual Expense 12000 Type Of Units 2 On A Lot Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Gary Tani DRE#00790615 of Coldwell Banker Spectrum.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. 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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