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2305 S Burnside Ave
Los Angeles, CA 90016
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Close to culver city , West Los Angeles
- Easy to manage
- Great mix of units
EXECUTIVE SUMMARY
Three-unit Property with Future Development Potential with RD1.5 Zoning. Located in the desirable neighborhood of Mid-Wilshire near Culver City, Beverly Hills, and Downtown Los Angeles, this property boasts a great mix of units, including two-bedroom and three-bedroom layouts. Each is occupied by stable tenants, ensuring consistent rental income for the new owner. The property is designed for easy management, making it an ideal investment for those seeking a hassle-free income stream with low operating expenses. With a solid 5.5% CAP rate and 13 GRM, this property promises a strong return on investment. Tech companies are moving to this area, which is evidence of the long-term investment strategy and investor confidence in the growth of this part of Los Angeles.
PROPERTY FACTS
| Price Per Unit | $527,808 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.50% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 13 | Building Size | 1,937 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RD 1-5 | ||
| Price Per Unit | $527,808 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 13 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 1,937 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | RD 1-5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 4+1 | 1 | - | - |
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