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$1,345,000   Price Analysis
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1446 S Burlington Ave
Los Angeles, CA 90006
8 bed 6 bath 4,164 SqFt ($323/SqFt)
7,304SqFt lot. Built 1923
Listed 2024-03-15, Taxes $1,627
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Price lowered!

Six units available near Downtown Los Angeles. Featuring two 2-bedroom residences and four comfortable 1-bedroom apartments, this diverse property is an ideal find for astute investors looking for top rental prospects. Enter the renovat ed unit to discover its fresh laminate flooring, modern kitchen cabinets, recessed lighting and updated bathroom - all sure to attract tenants! Encompassing two structures over 4, 164 square feet on a generous 7, 302 square foot lot with RD1.5 zoning, this estate presents a golden opportunity for profitable rental ncome and increased value.

Elevate your real estate portfolio with this enchanting property that radiates Craftsman charm and sophistication at every turn. Don't miss out on this golden opportunity to make a lasting mark in the competitive real estate market - seize the moment and reap the rewards of this timeless investment!


Presented by Armin Soleimani at
Global Platinum Properties, Inc.


Property MLS #24-369359 from TheMLSCLAW

Bedrooms: 8

Total Bathrooms: 6
Full Bathrooms: 6

Cooling Features: Ceiling Fan
Heating Features: Wall

Lot Size Acres: 0.1676768
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7304

Garage Description: Offsite

View: City
Other Equipment: Range/Oven

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2407, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3052, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3052, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 3052, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 2407, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 2407

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.03
Directions: From Washington, turn North onto Burlington
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5135-019-011
Postal Code Plus 4: 5409
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$27,235 + $29,081
$56,316
$1,627
2021$26,701 + $28,511
$55,212
$1,584
2020$26,428 + $28,219
$54,647
$1,585
2019$25,910 + $27,666
$53,576
$1,560
2018$25,402 + $27,124
$52,526
$1,424
2017$24,904 + $26,593
$51,497
$1,365
2016$24,416 + $26,072
$50,488
$1,289
2015$24,050 + $25,681
$49,731
$1,281
2014$23,579 + $25,178
$48,757
$1,328
2013$23,473 + $25,065
$48,538
$1,311
2012$23,013 + $24,574
$47,587
$1,322
2010$22,562 + $24,093
$46,655
$1,240
2009$22,448 + $23,970
$46,418
$1,203
2009$22,394 + $23,913
$46,307
$1,203
2008$22,008 + $23,500
$45,508
$1,181
2007$21,577 + $23,040
$44,617
$1,136

Relisted 2024-07-08
$1,345,000
TheMLSCLAW
Listing removed 2024-07-01
$0
TheMLSCLAW
Price Changed 2024-05-01
$1,345,000
TheMLSCLAW
Listed 2024-03-15
$1,350,000
TheMLSCLAW
Sold 2022-07-21
$854,859
CRMLS

Net Operating Income: 67597

Total Square Feet Living: 4164
Year Built: 1923
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 101
Levels or Stories: 2
Building Total Stories: 2
House Style: Craftsman
Year Built Source: Vendor Enhanced
Architectural Style: Craftsman

Magnolia Avenue Elementary School is a public elementary school located approximately 0.4 miles away.
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West Adams Preparatory High School is a public high school located approximately 0.6 miles away.
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Berendo Middle School is a public middle school located approximately 0.9 miles away.
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Star Christian is a private elementary school located approximately 0.7 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.