Multifamily
307 S Burlington Ave
307 S Burlington Ave, Los Angeles, CA 90057
Listing Price: $1,395,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 10-unit apartment community located at 307 South Burlington Avenue. The subject property is located south of 3rd Street within the Westlake sub-market, which borders three thriving markets – Koreatown, Downtown, and Echo Park.
Situated on a 5,397 square foot parcel, the property is comprised of four singles, four studios, and two one-bedroom units. The property has 50% remaining rental upside through unit renovations.
The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 307 South Burlington Avenue an excellent acquisition opportunity.
307 S Burlington Ave
Investment Highlights
- Property is Being Offered at an Attractive Basis of $139,500 Per Unit
- Located 0.6 Miles from the Westlake/MacArthur Park Metro Station – Residents Benefit from Convenient Access Across the City
- New Ownership has Potential to Add Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
- There is 50 Percent Remaining Rental Upside Through Interior Renovations
- Property is Located in a Sought After Pocket of Westlake. With a Walk Score of 89 'Very Walkable' - Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Westlake, Koreatown & Downtown Los Angeles
- Located in the Path of Future Growth Between Downtown Los Angeles & Koreatown
Exclusively Listed By
Financing By
Listing Price: $1,395,000
Investment Highlights
- Property is Being Offered at an Attractive Basis of $139,500 Per Unit
- Located 0.6 Miles from the Westlake/MacArthur Park Metro Station – Residents Benefit from Convenient Access Across the City
- New Ownership has Potential to Add Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
- There is 50 Percent Remaining Rental Upside Through Interior Renovations
- Property is Located in a Sought After Pocket of Westlake. With a Walk Score of 89 'Very Walkable' - Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Westlake, Koreatown & Downtown Los Angeles
- Located in the Path of Future Growth Between Downtown Los Angeles & Koreatown
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 10-unit apartment community located at 307 South Burlington Avenue. The subject property is located south of 3rd Street within the Westlake sub-market, which borders three thriving markets – Koreatown, Downtown, and Echo Park. Situated on a 5,397 square foot parcel, the property is comprised of four singles, four studios, and two one-bedroom units. The property has 50% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 307 South Burlington Avenue an excellent acquisition opportunity.
Exclusively Listed By
Financing By
