Listing provided courtesy of Behrouz Lavi of Keller Williams Realty-Studio City. Last updated 2024-11-24 09:14:51.000000. Listing information © 2024 CRMLS.
Asking Price: $1,138,500
2305 Burnside, Los Angeles CA 90016
Community: C16 - Mid Los Angeles
Status: Active
This Triplex property was built in 1924 and is priced at $1,138,500. Please see the additional details below.
Three-unit Property with Future Development Potential with RD.1 Zoning. Located in the desirable neighborhood of Mid-Wilshire near Culver City, Beverly Hills, and Downtown Los Angeles, this property boasts a great mix of units, including two-bedroom and three-bedroom layouts. Each is occupied by stable tenants, ensuring consistent rental income for the new owner. The property is designed for easy management, making it an ideal investment for those seeking a hassle-free income stream with low operating expenses. With a solid 6.1% CAP rate and 12.2 GRM, this property promises a strong return on investment. Tech companies are moving to this area, which is evidence of the long-term investment strategy and investor confidence in the growth of this part of Los Angeles.