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2522 S Burnside Ave, Los Angeles, CA 90016
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2522 S Burnside Ave Los Angeles, CA 90016

$825,000 Sold Price as of 10/16/2019
  • 3 Beds
  • 3 Baths
  • 2,263 Sq.Ft.
Sold
$825,000 Sold Price as of 10/16/2019 Refinance Your Mortgage
Map preview of 2522 S Burnside Ave, Los Angeles, CA 90016

Property Overview: 2522 S Burnside Ave Los Angeles, CA has 3 bedrooms, 3 bathrooms, 2,263 living square feet and 5,181 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2522 Burnside is located walking distance from the Metro Expo Line off Farmdale Station in the Historic West Adams neighborhood in Los Angeles. This fabulous 3 unit property offers an investor and/or owner-occupier to acquire a steady investment in a strong rental market. The 2 story property has access from two streets and boasts a decent unit mix of (3) 1 bed/1 bath. Two out of the three units have been remodeled. The building was originally built in 1953 with a total size of 2,263 SF, sitting on 5,180 SF lot, and there are 3 total garages. All the tenants are currently Month to Month, and at below market rents. The property is in an "Opportunity Zone." Prime Location in West Adams near Leimert Park, Baldwin Hills, Crenshaw, Culver City, Rancho Cienega Sports Complex, USC, Exposition Park, DTLA, Restaurants & Shops.

Listed by Brian Noh | BRE #01438155 | Nohco Real Estate
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,181
HOA Dues
$0/mo
Year built
1953
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
OC19206538
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $720
  • Total Rent: $8,640
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $16,800
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $15,300
  • Pro Forma/Market Rent: $1,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $40,740
  • Net Operating Income: $23,785
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $16,140
  • New Taxes: $9,999
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 2522 S Burnside Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Room Information
  • Flooring: Carpet, Laminate, Vinyl
  • All Bedrooms Down
Interior Features
  • Ceiling Fan(s), Granite Counters
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5043002023
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Burnside & Dunsmuir & Adams
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2522 S Burnside Ave

Last sold on November 19th, 2019

  • November, 2019

  • Nov 19, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2019

  • Oct 18, 2019

    Date

    Sold

    CRMLS: OC19206538

    $825,000

    Price

  • Oct 4, 2019

    Date

    Pending

    CRMLS: OC19206538

    $799,900

    Price

  • Sep 12, 2019

    Date

    Active Under Contract

    CRMLS: OC19206538

    $799,900

    Price

  • Aug 29, 2019

    Date

    Active

    CRMLS: OC19206538

    $799,900

    Price

  • October, 2019

  • Oct 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

Show More

Tax History for 2522 S Burnside Ave

Assessed Value (2020): $825,000
Year Land Value Improved Value Assessed Value
2020 $675,000 $150,000 $825,000

Home Value Compared to the Market

This property vs the competition

2522 S Burnside Ave sold on October 16, 2019 for 37.21% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $353.47 per/sqft which puts the price per square foot 55.31% lower than the current median sale per square foot for the city of Los Angeles.

About 2522 S Burnside Ave

Detailed summary of property

2522 S Burnside Ave is a triplex that recently sold in Los Angeles, CA 90016. This triplex offered 3 bedrooms, 3 bathrooms, roughly 2,263 living square feet, and sits on an approximately 5,181 square foot lot. 2522 S Burnside Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $825,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.21% lower than the current median priced home. Local homes that are currently for sale include 1823 W Martin Luther King Jr Blvd, 5965 West Blvd and 5472 6th Ave. While the average home in Los Angeles, CA is selling in 100 days, 2522 S Burnside Ave has a days on market of 13 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 2522 S Burnside Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2522 S Burnside Ave

Public county record property details
Beds
3
Baths
3
Year built
1953
Sq. Ft.
2,263
Lot Size
5,180
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5043-002-023

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,098,000
Median List Price/Sq.Ft.
$760
Median Sold Price
$1,125,000
Median Sold Price/Sq.Ft.
$704
Total Inventory
80
Median Sale to List Price %
102.27%
Avg Days on Market
26
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (0%), Other (23.08%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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