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Image 1 - 307 S Burlington Ave, Los Angeles, California, 90057 - House for sale
Image 2 - 307 S Burlington Ave, Los Angeles, California, 90057 - House for sale
Image 3 - 307 S Burlington Ave, Los Angeles, California, 90057 - House for sale
Image 4 - 307 S Burlington Ave, Los Angeles, California, 90057 - House for sale
Image 5 - 307 S Burlington Ave, Los Angeles, California, 90057 - House for sale
Image 6 - 307 S Burlington Ave, Los Angeles, California, 90057 - House for sale
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Image 8 - 307 S Burlington Ave, Los Angeles, California, 90057 - House for sale
S Burlington Ave, Los Angeles, Home For Sale
307 S Burlington Ave, Los Angeles, California, 90057

S Burlington Ave, Los Angeles, Home For Sale

house for sale
Listed: 06/29/24

307 S Burlington Ave, Los Angeles, California, 90057

2 Bed:
10 Bath:
3,976 Sq Ft Living Area:
Save
Price
$ 1,3M

About This House

I am pleased to offer for sale a 10-unit apartment community located at 307 South Burlington Avenue. The subject property is located south of 3rdStreet within the Westlake sub-market, which borders three thriving markets Koreatown, Downtown, and Echo Park. Situated on a5, 397square foot parcel, the property is comprised of four singles, four studios, and two one-bedroom units. The property has 39% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 307 South Burlington Avenue an excellent acquisition opportunity.

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Westlake South Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.