Homes For Sale In California

$8,450,000
27 Bed
15,444 Sqft
20,837 Sqft Lot
Visits : 12 In 43 Days

4233 Burns Avenue, Los Angeles, California 90029

  • Residential Income Property Type
  • 8 Days Time On Market
  • 15,444 Sqft Square Footage
  • 26 Cars Garage
  • 1953 Year Built
Property Description

KW Commerical is pleased to present 4233 Burns Avenue, Los Angeles — a special 28-unit Apartment Community in the highly desirable Virgil Village sub-market and just half a mile from the Sunset Junction. 4233 Burns Avenue is an attractive Courtyard-style property. The unit mix boasts Twenty-Seven (27) large One-Bedroom units and One (1) spacious Studio Apartment. Current ownership has updated and remodeled 14 of the 28 units. Upgrades include new hardwood laminate flooring, new modern kitchens with granite or quartz countertops, new custom kitchen cabinets, and high-end stainless steel appliances. The bathrooms were tastefully updated with modern vanities, LED Smart Mirrors, and designer tile and finishes throughout. Current ownership has provided a proven model and opportunity to increase rents by over 40% as units turn naturally. Other amenities include a private gate and intercom entry, an onsite washer/dryer room, and 26 parking spaces. 4233 Burns Avenue is not on the LA City mandatory seismic retrofit list. The property offers a combination of modern living and relaxed comfort while centrally located in one of LA’s most engaging and diverse neighborhoods. Virgil Village is a trendy neighborhood with creative vibes, artful boutiques, and inventive eateries. Tenants are close to Sqirl, The Virgil, the Smog Cutter, Courage Bagel, Cafecito Organico, and Virgil Normal. Located between the hotspots of Hollywood and Silverlake, it offers down-to-earth cool with unbeatable access to the best areas in the city. With attractive in-place metrics and plenty of upside, 4233 Burns Avenue is a perfect opportunity to secure a generational asset in one of LA’s hottest and “up-and-coming” neighborhoods.

Basic Details
Residential Income
For Sale
24375655
$8,450,000
27
15,444 Sqft
1953
20,837 Sqft
Active
Features
: 26
$0
Address Map
California
Los Angeles
Los Angeles
90029
4233 Burns Avenue
0
W119° 42' 51.1''
N34° 5' 16.7''
Additional Info
$0
28
15,444 Sqft
$0
8
$0
130x155
$0
5539007022
: Standard
2
$0
LARD1.5
$0
No
No
No
No
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