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Dilbeck Real Estate
Real Living
818-790-6774

625 S BURLINGTON AVE, LOS ANGELES CA, 90057

(Closed)
Sold Price:
$3,425,000
Date:03/26/2014
|
23,480 sqft
|
MLS# 13709107
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Listing Provided Courtesy Of: Sperry Van Ness
Last Updated: 9/22/2014 6:06 PM
Description for 625 S BURLINGTON AVE LOS ANGELES, CA 90057
625 S Burlington Avenue is a 48 unit apartment building consisting of (40) Singles and (8) 1+1 units.Constructed in 1928, this 4 story walk up is built of reinforced brick and is master metered for both gas andelectric. Extensive upgrades done the the property including refinished hardwood floors, laminate counter tops,a new $10,000 boiler system, plumbing, and roof. Units are newly renovated as tenants move out. Occupancyrate is historically high in the building as there has always been applications lined up for the units to be leased.The Burlington Apartments offers astute investors approximately 15% upside in rental growth, with aggressivemanagement, this property is a perfect value add opportunity.
Price
Sold Price:
$3,425,000
Sold Date:03/26/2014
Los Angeles
23,480 (approx)
13709107
Closed
Description
625 S Burlington Avenue is a 48 unit apartment building consisting of (40) Singles and (8) 1+1 units.Constructed in 1928, this 4 story walk up is built of reinforced brick and is master metered for both gas andelectric. Extensive upgrades done the the property including refinished hardwood floors, laminate counter tops,a new $10,000 boiler system, plumbing, and roof. Units are newly renovated as tenants move out. Occupancyrate is historically high in the building as there has always been applications lined up for the units to be leased.The Burlington Apartments offers astute investors approximately 15% upside in rental growth, with aggressivemanagement, this property is a perfect value add opportunity.
Listing Information
Property Type: Multi-Family
7,501 Sq. Ft. Vendor Enhanced (N) 23,480 (approx)
Vendor Enhanced (N) $153.11 1928
48 Total
Neighborhood
Room Information
Interior Features
Window/Wall Unit
None
Exterior / Lot Features
LAR5
Driving Directions
North of Wilshire Blvd, adjacent to Home Depot.
Financial Considerations
5142008005
Income ,$168,431
Semi Annually
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.

Sales History
Tax Info
Listing Provided Courtesy Of: Sperry Van Ness Daniel Baird
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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409774 - Dilbeck Real Estate
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