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$ 3,475,000
Est. payment | /mo
11,750 SqFt
$ 3,475,000
Est. payment | /mo
11,750 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,750 sqft
Price per Sqft $295
MLS Listing ID CL25619775
HOA Y/N No
Year Built 1939
Lot Size 0.626 Acres
Acres 0.63
Property Sub-Type Other
Property Description
Huge courtyard style 18 unit apartment opportunity with tremendous ADU or Development Potential!! 428-434 S. Burlington Ave presents an exceptional multifamily investment opportunity in the heart of Westlake, one of Los Angeles' most vibrant and rapidly evolving neighborhoods. Situated on an expansive 27,000+ square foot lot across two parcels, the property consists of 18 apartment units and offers multiple paths for value creation. For investors seeking a value-add opportunity, significant upside exists through the potential construction of ADUs. The property also includes 18 garages and one open parking space that generates additional income, along with an on-site laundry facility for tenant convenience. This site also holds tremendous appeal for developers. With Tier 3 TOC density bonuses, a buyer could potentially build up to 122 units, with the possibility of even greater density under the ED-1 program (buyer to verify). The central location provides excellent access to Downtown Los Angeles, Echo Park, and Koreatown, areas known for strong rental demand and continued neighborhood growth. Whether pursued as a ground-up development or as a value-add investment, 428-434 S. Burlington Ave represents a rare opportunity with substantial potential.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5153003034
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Listed by John Katnik • BRC Advisors- BH
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "