1460 South Burnside Avenue

Los Angeles, CA 90019

$1,495,499
Price
8
Beds
4
Baths
3,744 Sq. Ft.
$399 / Sq. Ft.
3,744
Sq. Ft.
$399
per Sq. Ft.

Description

Outstanding Investment Opportunity in Prime Mid-City Location or a Developers dream! This is a great four-unit complex in the middle of Mid-City on a Huge Corner Lot. Addresses include 1460-62 Burnside Ave and 5315-17 Saturn Street. Separate garages makes this space ADU desirable. Each unit is a townhouse style amongst 2 buildings with hardwood floors and great interior architectural curves. This property is strategically positioned with easy access to major freeways and the metro line. Don't miss...Outstanding Investment Opportunity in Prime Mid-City Location or a Developers dream! This is a great four-unit complex in the middle of Mid-City on a Huge Corner Lot. Addresses include 1460-62 Burnside Ave and 5315-17 Saturn Street. Separate garages makes this space ADU desirable. Each unit is a townhouse style amongst 2 buildings with hardwood floors and great interior architectural curves. This property is strategically positioned with easy access to major freeways and the metro line. Don't miss out on this distinctive investment opportunity in the heart of Los Angeles! Contact us today for more information and to schedule a viewing.
  1. Listed by Fred Smith II • DRE #01323743 • Brokerage DRE #01323743 • YBi Realty

Property Details for 1460 South Burnside Avenue

Water Front
None
Zoning
LARD2
Style
A-Frame
Cross Streets
Pico Blvd and Hauser Blvd
Accessibility Features
Doors - Swing In, Grab Bars In Bathroom(s)
Parcel Number
5069033001
Total Units
4.0
Living Area
3744

Location

Listing Courtesy of YBi Realty, Fred Smith II, DRE #01323743
Add your commute
LISTING UPDATED: 05/23/2024 12:01 AM

Property Details for 1460 South Burnside Avenue

StatusActive
MLS #24-392885
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.14 AC / 6,155 SF
CountyLos Angeles County

Location

Listing Courtesy of YBi Realty, Fred Smith II, DRE #01323743
Add your commute

Building Information for 1460 South Burnside Avenue

Stories2Residences-Year Built1937Building Size-Lot Size0.14 AC / 6,155 SF

Payment Calculator

$9,053 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,162

Property Taxes

$891

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1460 South Burnside Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: apartment
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Gated
  • Direction Faces: West
  • Property Condition: Fixer, Tear Down
  • Water: Water District
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Gas, Multi-Tank, Water Heater Unit
  • Water District: LADWP
  • Building Permit: No
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $87,564
  • Net Operating Income: $55,293.00
  • Gross Income: $87,564
  • Cap Rate: 3.70%
  • Gross Rent Multiplier: $87,564.00
  • Actual Annual Gross Rent: $87,564.00
  • Actual Gross Annual Income: $87,564
  • Actual Rent Total: $87,564.00
  • Vacancy Allow Dollar: $5,000.00
  • Vacancy Allow Percent: 90.00%
  • Owner Pays: Water
  • Total Annual Expense: 23169
  • Water Expense: $2,100.00
  • Tax Expense: $2,400
  • Gardener Expense: $75
  • Insurance Expense: $18,594
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.1413
  • Lot Size Square Feet: 6155
  • Lot Features: Corners Marked, Rectangular Lot
  • Lot Description: Corners Established, Fenced Yard, Lot Shape-Rectangular
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Garage - 3 Car, Garage Is Detached, Gated, Uncovered
  • Total Parking: 4
  • Garage Spaces Total: 3
  • Carport Spaces Total: 1
  • Parking Features: Garage - Single Door, Garage - Two Door, Garage - Three Door, Gated, Uncovered
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Rooms: Breakfast, Breakfast Area, Dining Room, Patio Open
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Floor
  • Flooring: Hardwood, Carpet, Laminate
  • Equipment: None
  • Interior Features: 220V Throughout
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Ceramic Counters, Counter Top, Tile Counters
  • Room Bathroom Features: Shower in Tub, Tile Counters
  • Bathroom Features: Shower and Tub, Tile
  • Bedroom Features: All Bedrooms Up
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: None
  • Laundry: None
  • Disability Access: Chairlift, Doors - Swing In, Grab Bars In Bathroom(s)
  • Volt220 Location: 220V Throughout
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • Sprinklers: None
  • Patio Features: Patio Open
  • Entry Location: Ground Level w/steps
  • Windows: Drapes/Curtains, Mini Blinds
  • New Construction: No
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Foundation Details: None
  • Other Structural Features: Two On A Lot
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-16-2024
  • Listing Terms: Cash, Cash To New Loan, Standard Sale, Take Property As Is
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $648.00
  • Unit Actual Rent: $648.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $449.00
  • Unit Actual Rent: $449.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Carpet: 4
  • Number of Dishwasher: 0
  • Number of Disposal: 4
  • Number of Drapes: 4
  • Number of Electric Meters: 0
  • Number of Gas Meters: 4
  • Number Refrigerator: 0
  • Number Water Meters: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $48,986.00
  • Assessed Improvement Percent: 57.78
  • Assessed Land Value: $35,793.00
  • Assessed Land Percent: 42.22
  • Assessed Total Value: $84,779.00
  • Private Transfer Taxes: No

Property History for 1460 South Burnside Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1460 South Burnside Avenue

Taxable ValueLand$35,793Additions$48,986Total$84,779
Tax Record2023$10,690 ($891 / month)
Home Facts
Total Finished SqFt3,744 SqFtAbove Grade Finished SqFt3,744 SqFtLot Size6,153 SqFtStyleQuadraplexYear Built1937ZoningLARD2CountyLOS ANGELESAPN5069-033-001

Schools near 1460 South Burnside Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Saturn Street Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1460 South Burnside Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on May 15, 2024 by YBi Realty, it's currently listed at $1,495,499. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Fairfax Senior High School. 1460 South Burnside Avenue is a 8-bed, 4-bath, 3,744 sqft multi-family home built in 1937.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of YBi Realty, Fred Smith II, DRE #01323743

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.