Properties
Los Angeles, CA 90006 1350 S Burlington Avenue
$1,495,000
2 more
Presented By: Jonathan Prakash with Equity Union;
Baths • 12
SQFT • 5,040
Home Details
We are pleased to present an exceptional value-add opportunity located at 1350 S. Burlington Avenue. This 1950 asset is already performing at an 10.80 GRM and 5.53% CAP, with a clear path to a 7.44 GRM and 9.57% CAP a rare upside spread in this submarket. The property benefits from major roof repairs, mostly copper plumbing, and six on-site parking spaces. This is an ideal play for investors seeking meaningful rent upside, solid in-place numbers, and a straightforward value-add opportunity in a high-demand rental corridor.
Presented By: Jonathan Prakash with Equity Union;
Interior Features for 1350 S Burlington Avenue
Bedrooms
Total Bedrooms
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths12
Other Interior Features
Air Conditioning Y/NNo
Heating Y/NYes
Total Stories2
General for 1350 S Burlington Avenue
Cap Rate5.53
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsSoutheast of the intersection of South Hoover Street and W Pico Boulevard.
Full Baths
Gross Income138441
HOANo
HeatingWall Furnace
LevelsTwo
Living Area5040
Lot Size Square Feet7307
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income82730
New ConstructionNo
Number Of Units Total12
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1950
ZoningLARD1.5
Exterior for 1350 S Burlington Avenue
Building Area Total5040
Lot Size Acres0.1677
Lot Size Area7307
Number of Buildings1
Parking FeaturesUncovered
Total Parking6
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
