2037 S Burnside Avenue, Los Angeles, California, United States, 90016

1,499,000
for Sale
5,738

About the property:

Prime Mid-City investment opportunity offering strong fundamentals, desirable unit mix, and long-term upside in one of Los Angeles' most centrally located rental markets. This well-maintained fourplex consists of two two-story apartment buildings totaling approximately 3,296 square feet and features three spacious two-bedroom units and one one-bedroom unit, each with the added convenience of in-unit laundry.Designed for efficient ownership, the property offers separate gas and electric meters for each unit, helping streamline management and reduce operating expenses. Six total parking spaces, provide a valuable off-street parking advantage in a high-demand urban neighborhood.Built in 1971, the property benefits from strong rental appeal and a central Mid-City location with convenient access to major corridors, including the 10 Freeway. Recent improvements include a newer roof on the rear structure & newer water heather at units 1,3, & 4, along with interior renovations to Unit #3. With its sought-after location, practical unit mix, parking, in-unit laundry, and operational efficiencies, this Mid-City fourplex presents a compelling opportunity for investors seeking stable income potential, future rent growth, and long-term appreciation. Whether expanding an existing portfolio or pursuing a value-add multifamily asset in a proven Los Angeles submarket, this property is positioned to check all the right boxes.
Property Type:
Multi-Family Home
Status:
for Sale
Acres:
0.1317
Square Feet:
3296
Directions:
Head S on San Vicente Blvd. Turn right on Cochran, right on Waskington Blvd left at Burnside. Destination will be on the right.
Is Art:
Yes
Is Apartment:
Yes
Is Bed:
Yes
Is Building:
Yes
Is Convenience:
Yes
Is Fourplex:
Yes
Is I C I:
Yes
Is Investment:
Yes
Is Laundry:
Yes
Is Multi Family:
Yes
Is Market:
Yes
Is Mix:
Yes
Is Parking:
Yes
Is Spa:
Yes
Is Unit:
Yes
Listing ID:
26838879

Rooms

Dimensions

Brokered by:
Christies International Socal
Presented By:

Trevor Pashley

Realtor

Christies International SoCal