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4342 Burns Ave

Los Angeles, CA 90029
  • $2,300,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 21-105295
UPDATED: 15 min ago
$2,300,000
  • 12
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,386
    SQFT
  • $427
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

Constructed in 1924 on 9,577 square foot LARD1.5 lot, and comprised of five separate buildings, 4342-4346 Burns Avenue is a 12-unit property with a total building size of 5,386 square feet. The gated property is serviced by individual water heaters and separately metered for gas and electric. The property is being offered for sale for the first time in 30 years. With rents approximately 76% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-02T06:42:49.91. 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/123385107
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4342 Burns Ave Los Angeles, CA 90029

  • Price: $2,300,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 15 min ago
  • MLS #: 21-105295
12
Beds
0
Baths
0
½ Baths
0.22
Acres
5,386
SQFT
$427
$/SQFT
1924
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Constructed in 1924 on 9,577 square foot LARD1.5 lot, and comprised of five separate buildings, 4342-4346 Burns Avenue is a 12-unit property with a total building size of 5,386 square feet. The gated property is serviced by individual water heaters and separately metered for gas and electric. The property is being offered for sale for the first time in 30 years. With rents approximately 76% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations.
Exterior Features

Exterior Construction OtherPlaster Lot Size Area 9577 Other Structures None Parking Garage None Pool Description None Pool YN No Roof Flat Spa None Spa YN No Tennis Court None Total Parking 0

Interior Features

Baths Total 12.00 Cooling Wall Unit(S) Equipment Range/Oven Flooring LaminateTile Heating Wall

Property Features

Gardener Expense 1080.00 Gross Income 134877 Gross Operating Income 130831 Insurance Expense 2962.00 Like Units1 12 Maintenance Expense 6000.00 Net Operating Income 71850.00 Number Of Buildings 5 Number Of Units 12 Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 58981 Type Of Units Multifamily Water Expense 9716.00 Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Priscilla Nee DRE#01435254 of Cb Richard Ellis, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-02T06:42:49.91. 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 John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210