8
See all 8 photos
$3,475,000
Est. payment /mo
18 Beds
18 Baths
11,750 SqFt
New
428 - 434 S Burlington AVE Los Angeles, CA 90057
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,750 sqft
Price per Sqft $295
MLS Listing ID 25619775
Bedrooms 18
Construction Status Fixer
HOA Y/N No
Year Built 1939
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
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 18.0
Garage Description 18.0
Pool None
View Y/N No
View None
Total Parking Spaces 19
Private Pool No
Building
Faces West
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5153003034
Special Listing Condition Standard
Listed by John Katnik BRC Advisors- BH
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