2037 S Burnside Avenue,Los Angeles, CA 90016
Los Angeles, CA 90016
Description
Prime Mid-City investment opportunity offering strong fundamentals, desirable unit mix, and long-term upside in one of Los Angeles' most centrally located rental markets. This well-maintained fourplex consists of two two-story apartment buildings totaling approximately 3,296 square feet and features three spacious two-bedroom units and one one-bedroom unit, each with the added convenience of in-unit laundry.Designed for efficient ownership, the property offers separate gas and electric meters for each unit, helping streamline management and reduce operating expenses. Six total parking spaces, provide a valuable off-street parking advantage in a high-demand urban neighborhood.Built in 1971, the property benefits from strong rental appeal and a central Mid-City location with convenient access to major corridors, including the 10 Freeway. Recent improvements include a newer roof on the rear structure & newer water heather at units 1,3, & 4, along with interior renovations to Unit #3. With its sought-after location, practical unit mix, parking, in-unit laundry, and operational efficiencies, this Mid-City fourplex presents a compelling opportunity for investors seeking stable income potential, future rent growth, and long-term appreciation. Whether expanding an existing portfolio or pursuing a value-add multifamily asset in a proven Los Angeles submarket, this property is positioned to check all the right boxes.
Details
| MLS # | 26838879 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1971 |
| Days On Site | 91 |
| Listing Provided By | Christie's International Real Estate SoCal | Aaron Mejia |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,296 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.13 |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Appliances | Microwave, Refrigerator, Dryer, Washer |
Parking
| Parking Features | Assigned, Driveway |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90016) | |
Price: $1,549,000 low | high Med: $1,972,500 sqft: 3,296 low | high Med: 5,225 $ / sqft: $470 low | high Med: $382 On site: 91 low | high Med: 279 | |
Market Activity 90016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90016) | |
Price: $1,549,000 low | high Med: $1,972,500 sqft: 3,296 low | high Med: 5,225 $ / sqft: $470 low | high Med: $382 On site: 91 low | high Med: 279 | |
 | $1,999,0002026 S RidgeleyLos Angeles, CA 90016 |