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4342 Burns Avenue

Los Angeles (City), CA 90029
  • $2,300,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 21105295
$2,300,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent: Priscilla Nee of Cb Richard Ellis, Inc. and Jenny Eng of Cbre


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 California Regional Multiple Listing Service, Inc. as of 2021-12-08T00:26:55.663. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123387094
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4342 Burns Avenue Los Angeles (City), CA 90029

  • Price: $2,300,000
  • Status: Active
  • On Site: 19 Days
  • ID#: 21105295
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1924
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - 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

Construction Materials OtherPlaster Parking Features None Parking Total 0 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Flooring LaminateTile Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Community Features Gated Gross Income 134877 Insurance Expense 2962 Listing Agreement Seller Reserved Listing Service Full Service Maintenance Expense 6000 Net Operating Income 71850 New Construction YN No New Taxes Expense 28331 Other Expense 2400 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Water Sewer Expense 9716 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T00:26:55.663. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Priscilla Nee of Cb Richard Ellis, Inc. and Jenny Eng of Cbre