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1618 S Burnside Avenue

Los Angeles (City), CA 90019
  • $875,000
  • STATUS: Active Under Contract
  • ON SITE: 48 Days
  • ID#: 22156115
Under Contract
UPDATED: 35 min ago
$875,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Listing Agent(s): Gary Tani of Coldwell Banker Spectrum (323-938-5700)


Description

Attention ALL builders and investors - Rare Opportunity to acquire two adjacent RD1.5 lots (along with 1612 S Burnside) totaling over 14,600 sq ft land area. Zoned RD1.5 for future larger development. Seller owns both properties and wishes to sell both properties at the same time in order to effectuate their 1031 Tax Deferred Exchange. Subject property is 2 houses on one lot. Front house is a 3 bed + 2 bath and the rear house is a 2 bed + 1 bath. Both units are tenant occupied and will not be delivered vacant. Separately metered for gas & electricity. 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 its present AS IS condition.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-30T11:31:24.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/128656294
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1618 S Burnside Avenue Los Angeles (City), CA 90019

  • Price: $875,000
  • Status: Active Under Contract
  • On Site: 48 Days
  • Updated: 35 min ago
  • ID#: 22156115
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1926
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
Attention ALL builders and investors - Rare Opportunity to acquire two adjacent RD1.5 lots (along with 1612 S Burnside) totaling over 14,600 sq ft land area. Zoned RD1.5 for future larger development. Seller owns both properties and wishes to sell both properties at the same time in order to effectuate their 1031 Tax Deferred Exchange. Subject property is 2 houses on one lot. Front house is a 3 bed + 2 bath and the rear house is a 2 bed + 1 bath. Both units are tenant occupied and will not be delivered vacant. Separately metered for gas & electricity. 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 its present AS IS condition.
Exterior Features

Construction Materials Stucco Direction Faces West Lot Features Value In Land Parking Features Uncovered Parking Total 3 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Association Fee 0 Buyer Financing Cash Disclosures Rent Control Gross Income 37800 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 25800 New Construction YN No Possession Close Of Escrow Property Condition Repairs Cosmetic Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-30T11:31:24.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Gary Tani of Coldwell Banker Spectrum (323-938-5700)