272 S Burlington Avenue,  Los Angeles CA, 90057 (Residential Income)

2,778 sqft
Status: Sold
MLS#: 315005687
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Last Updated: 12/4/2016 2:10 PM
Description for 272 S Burlington Avenue Los Angeles, CA 90057
5 units corner lot with signage. 4 units are 1 bedroom 1 bath and 1 unit is 2 bedroom 1 bath. Nice view from the top. Spanish style. With good creativity someone can convert the whole thing into a nice single family with 3 car garage. All units are currently tenant occupied. Some units have been updated. The rents are low but has a lot of upside potential. Current monthly income is $3,714.00. The owner pay for water only approximately $530 every 2 months. Each unit has its own water heater. Tenant pay for the gas and electric. There are 5 electric and gas meters and 1 water meter. The signage brings $1,200 per year and already included on the $3,714 monthly income. Other than the rents being low, the property is a very good investment. The plumbing has been upgraded per the seller.
Price
Sold Price:
$625,000
Sold Date:07/31/2015
Los Angeles
2,778 (approx)
315005687
Closed
Description
5 units corner lot with signage. 4 units are 1 bedroom 1 bath and 1 unit is 2 bedroom 1 bath. Nice view from the top. Spanish style. With good creativity someone can convert the whole thing into a nice single family with 3 car garage. All units are currently tenant occupied. Some units have been updated. The rents are low but has a lot of upside potential. Current monthly income is $3,714.00. The owner pay for water only approximately $530 every 2 months. Each unit has its own water heater. Tenant pay for the gas and electric. There are 5 electric and gas meters and 1 water meter. The signage brings $1,200 per year and already included on the $3,714 monthly income. Other than the rents being low, the property is a very good investment. The plumbing has been upgraded per the seller.
Listing Information
Property Type: Cluster, 1 Story
0.12 Acres 5,172 sq.ft. 2,778 (approx)
$224.98 1923
$0 Yes
1
Sewer Connected
5 Total
Neighborhood
Room Information
Interior Features
Carpet and Other, Laminate
Wall Unit, Floor Furnace
Exterior / Lot Features
3 Car Garage
City
LAC2
Driving Directions
Corner of Burlington Ave. and 3rd St. near Downtown LA.
Financial Considerations
5153002001
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90057 has a population of 3,804,503.

The median household income in Los Angeles, California 90057 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90057 is 34.1 years.

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Courtesy: Re/Max Optima Pete Veneracion
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