Welcome to 1711 Burlington Ave, a classic Craftsman-style building situated at the vibrant edge of Koreatown. This 8-unit property offers a rare value-add opportunity with immediate cash flow potential, making it an excellent investment for savvy buyers. With many units already updated, there's still room for improvement and enhancement, allowing… Read More the new owner to increase rental income further. Nestled at the intersection of Koreatown, residents will enjoy convenient access to an eclectic mix of dining, shopping, and entertainment options, along with excellent public transit connections. The property sits on a generous 7,823 sq ft lot, presenting an exciting opportunity to capitalize on SB 1211. The new owner could potentially build up to 8 additional ADUs (Accessory Dwelling Units), maximizing both rental income and property value. With existing tenants in place and strong rental demand in the area, this building promises cash flow from day one, ensuring a solid return on your investment. The building's classic Craftsman architecture features create a warm atmosphere that tenants will love. DRIVE BY ONLY, DO NOT DISTURB TENANTS Read Less
Property listed by Skylight Real Estate Advisors, Inc., Michael Matthias 310-592-0833
Listing Snapshot
Days Online
57
Last Updated
Property Type
Other
Beds
10
Square Ft.
5,460
Lot Size
0.18 Acres
Year Built
1912
MLS Number
24448549
30 Days Snapshot Of 90006
$727k
+5%
(avg) sold price
2
-33%
homes sold
56
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1912, Building area total: 5,460, Levels: One, Living area: 5460, 1 story, 1 building, Architectural style: Craftsman
Cooling
None
Heating
WallFurnace
Income
Gross income: $147,732, Net operating income: $97,541
Interior Features
CeilingFans
Lot
0.1797 acres, 7,826 square feet, Size: 7,826
Parking
10 totals parking, Uncovered
Property
Zoning: LARD1.5, None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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