$1,995,000 Price Analysis 2915 S Burnside AveLos Angeles, CA 90016 9 bed 8 bath 4,108 SqFt ($485/SqFt) 9,288SqFt lot. Built 1923 Listed 2024-05-07, Taxes $17,978 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The subject property is located north of Jefferson Boulevard within the desirable West Adams sub-market. Located in the West Adams neighborhood, this sought-after location offers convenient access to fresh new eteries, employment centers and retail. Amazon Studios, Apple, WarnerMedia and Sony all occupy space in neighboring Culver City This influx has caused many tech and media companies to relocate into West Adams which in turn is experiencing tremendous growth fueled by significant development activity and a growing roster of retail and office tenants.
Burnside is less than 1 mile away from Cumulus, which has over 100, 000 square feet of retail anchored by Whole Foods. Situated on a 9, 288 square foot parcel, the property is comprised of five one-bedroom units, one two-bedroom apartment unit and one two-bedroom house. Brand new ownership can add an Ad ditional Dwelling Unit (ADU) to maximize income and appreciation potential. Permits are RTI Status. The surrounding area continues to experience gentrification, making West Adams a compelling value-proposition for tenants who are getting priced out of neighboring submarkets. West Adams is poised for employment and rent growth, making 2915 South Burnside an attractive investment opportunity.
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #24-389049 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $400,000 + $1,050,000 $1,450,000 | $17,978 |
2021 | $173,282 + $137,918 $311,200 | $4,701 |
2020 | $171,506 + $136,504 $308,010 | $4,736 |
2019 | $168,144 + $133,828 $301,972 | $4,242 |
2018 | $164,848 + $131,204 $296,052 | $4,105 |
2017 | $161,616 + $128,632 $290,248 | $4,027 |
2016 | $158,448 + $126,110 $284,558 | $3,894 |
2015 | $156,068 + $124,216 $280,284 | $3,844 |
2014 | $153,011 + $121,783 $274,794 | $3,907 |
2013 | $152,320 + $121,233 $273,553 | $4,200 |
2012 | $149,334 + $118,856 $268,190 | $4,250 |
2010 | $146,406 + $116,526 $262,932 | $4,102 |
2009 | $145,658 + $115,931 $261,589 | $3,964 |
2009 | $145,312 + $115,656 $260,968 | $3,964 |
2008 | $142,802 + $113,658 $256,460 | $3,823 |
2007 | $140,002 + $111,430 $251,432 | $3,698 |
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.