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1017 S Burlington Ave, Los Angeles, CA 90006
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1017 S Burlington Ave Los Angeles, CA 90006

$1,080,000 Sold Price as of 11/05/2019
  • 32 Beds
  • 40 Baths
  • 3,461 Sq.Ft.
Sold
$1,080,000 Sold Price as of 11/05/2019 Refinance Your Mortgage
Map preview of 1017 S Burlington Ave, Los Angeles, CA 90006

Property Overview: 1017 S Burlington Ave Los Angeles, CA has 32 bedrooms, 40 bathrooms, 3,461 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investmen
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 56

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1902
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19499140
City
Los Angeles
County
Los Angeles
Time on Site
1224 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 4
  • # of Baths: 5
  • Furnishing: Unfurnished
  • Actual Rent: $5,321
  • Total Rent: $5,231
  • Pro Forma/Market Rent: $7,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.8
  • Gross Scheduled Income: --
  • Net Operating Income: $29,971
  • Gross Operating Income: $61,336
  • Improvements Total: $13,088
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1017 S Burlington Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 8
  • Parcel Number: 5136010015
Location / Neighborhood
Location Information
  • Directions: On the corner of Burlington and Olympic
View more facts & features

Local Los Angeles Agent

Sale History for 1017 S Burlington Ave

Last sold for $1,080,000 on November 5th, 2019

  • November, 2019

  • Nov 12, 2019

    Date

    Sold

    CRMLS: 19499140

    $1,080,000

    Price

  • Aug 13, 2019

    Date

    Active

    CRMLS: 19499140

    $999,999

    Price

  • November, 2019

  • Nov 5, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,080,000

    Price

  • December, 2018

  • Dec 18, 2018

    Date

    Canceled

    CRMLS: 18407510

    $1,100,000

    Price

  • Nov 14, 2018

    Date

    Active

    CRMLS: 18407510

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    1710 S Burlington Ave is in the historic Pico-Union submarket west of Downtown Los Angeles. The property consists of 8 units and a rear double garage with a spacious front yard. The property was built in 1902 and has a 3,461-sf building sitting on an R3 zoned (Tier 3) lot consisting of 7,499-sf. It consists of (3) one bedroom, one bathroom units, (4) hotel style rooms with 2 shared bathrooms, and (1) bachelor apartment. Additionally, the property offers tremendous rental upside for a savvy investor to take advantage of the area's major economic revitalization. There is also potential to vacate a few units. Alternatively, an investor could take advantage of the property's R3 Tier 3 zoning by adding square footage to the rear, which is accessible via a rear alley running from Olympic Blvd to 11th street. The subject property is situated on Burlington Ave and Olympic Blvd, providing immediate access to Downtown Los Angeles and Koreatown.

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Tax History for 1017 S Burlington Ave

Assessed Value (2020): $1,080,540
Year Land Value Improved Value Assessed Value
2020 $800,000 $280,540 $1,080,540

Home Value Compared to the Market

This property vs the competition

1017 S Burlington Ave sold on November 5, 2019 for 15.97% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $288.93 per/sqft which puts the price per square foot 61.73% lower than the current median sale per square foot for the city of Los Angeles.

About 1017 S Burlington Ave

Detailed summary of property

1017 S Burlington Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 32 bedrooms, 40 bathrooms, roughly 3,461 living square feet, and sits on an approximately 7,500 square foot lot. 1017 S Burlington Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,080,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.97% lower than the current median priced home. Local homes that are currently for sale include 2352 W 3rd St, 1411 Menlo Ave and 2104 Park Grove Ave. While the average home in Los Angeles, CA is selling in 92 days, 1017 S Burlington Ave has a days on market of 56 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1017 S Burlington Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1017 S Burlington Ave

Public county record property details
Beds
7
Baths
2
Year built
1902
Sq. Ft.
3,461
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5136-010-015

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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