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2045 S Burnside Avenue

Los Angeles (City), CA 90016
  • $895,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: OC23141289
$895,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Natalia Castro of The Agency (424-230-3700)


Description

This Mid-City triplex is a perfect investment opportunity located just off Hwy 10 and in close proximity to West Adams and Culver City. This property is zoned as a LARD1.5 and has 2,335 sq ft of living space and a lot size of 5,774 giving it a potential development upside. Currently, the units are generating rents of $1040/month, $1050/month, and $865/month. This property will be sold with the tenants in place, tenants are responsible for all utilities except water. This is a perfect opportunity for a 1031 Exchange.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. 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 Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142060152
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2045 S Burnside Avenue Los Angeles (City), CA 90016

  • Price: $895,000
  • Status: Active
  • On Site: 58 Days
  • MLS #: OC23141289
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1947
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
This Mid-City triplex is a perfect investment opportunity located just off Hwy 10 and in close proximity to West Adams and Culver City. This property is zoned as a LARD1.5 and has 2,335 sq ft of living space and a lot size of 5,774 giving it a potential development upside. Currently, the units are generating rents of $1040/month, $1050/month, and $865/month. This property will be sold with the tenants in place, tenants are responsible for all utilities except water. This is a perfect opportunity for a 1031 Exchange.
Exterior Features

Entry Level 1 Entry Location Driveway Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Gutter(S)Sidewalks Garage YN No Gross Income 35460 Gross Scheduled Income 35460 Insurance Expense 1050 Land Lease YN No Laundry Features Outside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Net Operating Income 33680 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 1770 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Total Actual Rent 35460 Trash Expense 0 Water Sewer Expense 720 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. 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 Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Natalia Castro of The Agency (424-230-3700)