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1612 S Burnside Ave

Los Angeles, CA 90019
  • $950,000
  • STATUS: Active Under Contract
  • ON SITE: 43 Days
  • ID#: 22-156050
Under Contract
UPDATED: 26 min ago
$950,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,714
    SQFT
  • $554
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

School District:

Description

Gateway to Culver City and the Westside: Attention all Builders and Investors - Rare opportunity to acquire a large RD1.5 lot with approximately 8,624 sq ft along with adjacent 6,000 sq ft parcel (1618 S Burnside) totaling over 14,600 land area. Zoned RD1.5 for larger project development. Seller owns both properties and wishes to sell both properties at the same time. Subject is two detached houses on one lot: front house is 2 bed + 1 bath and rear house also 2+1. Both units are tenant occupied and will not be delivered vacant. Large 3-car garage in back. Separately metered for gas & elec. Operating expenses, Cap rate, etc. are estimates only and not verified. Please do NOT disturb tenants or walk onto property. Units can be viewed after accepted offer. Property being sold in AS IS condition.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-25T11:43:07.62. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/128655203
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1612 S Burnside Ave Los Angeles, CA 90019

  • Price: $950,000
  • Status: Active Under Contract
  • On Site: 43 Days
  • Updated: 26 min ago
  • ID#: 22-156050
4
Beds
0
Baths
0
½ Baths
0.2
Acres
1,714
SQFT
$554
$/SQFT
1926
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
School District:
Los Angeles Unified
Property Description
Gateway to Culver City and the Westside: Attention all Builders and Investors - Rare opportunity to acquire a large RD1.5 lot with approximately 8,624 sq ft along with adjacent 6,000 sq ft parcel (1618 S Burnside) totaling over 14,600 land area. Zoned RD1.5 for larger project development. Seller owns both properties and wishes to sell both properties at the same time. Subject is two detached houses on one lot: front house is 2 bed + 1 bath and rear house also 2+1. Both units are tenant occupied and will not be delivered vacant. Large 3-car garage in back. Separately metered for gas & elec. Operating expenses, Cap rate, etc. are estimates only and not verified. Please do NOT disturb tenants or walk onto property. Units can be viewed after accepted offer. Property being sold in AS IS condition.
Exterior Features

Covered Parking 2 Cross Streets Venice Blvd & Hauser Blvd Exterior Construction Stucco Levels One Lot Location City Lot Size Area 8624 Other Structures None Parking Garage DetachedGarage Is DetachedUncovered Patio Features Patio Open Pool Description None Pool YN No Roof AsphaltClay Spa None Spa YN No Style Spanish Tennis Court None Tennis YN No Total Parking 5 View Description None View YN No

Interior Features

Baths Total 2.00 Common Walls Detached/No Common Walls Cooling None Den No Dining Room No Equipment Other Family Room No Fireplace Rooms KitchenLiving Room Flooring Mixed Heating Wall Laundry Laundry Area Laundry Equipment Own Rooms Patio OpenLiving Room Water Heater Features Gas

Property Features

Alley YN No Assessed Total Value 83644 Gross Income 32880 Gross Operating Income 32880 Land Lease Type Fee Like Units1 1 Like Units2 1 Net Operating Income 20880.00 Number Of Buildings 2 Number Of Units 2 Owner Pays Water Property Condition Value Mainly In LandRepair Cosmetic Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 12000 Type Of Units 2 On A Lot Water DistrictMeter On Property Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Gary Tani DRE#00790615 of Coldwell Banker Spectrum.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-25T11:43:07.62. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064