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: