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2631 S Burnside Ave Los Angeles, CA 90016

$1,125,000 Sold Price as of 03/15/2021

4 Beds
2 Baths
1,728 Sq.Ft.

Sold

$1,125,000 Sold Price as of 03/15/2021 Refinance Your Mortgage

Map preview of 2631 S Burnside Ave, Los Angeles, CA 90016

Property Overview: 2631 S Burnside Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,728 living square feet and 6,401 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: From Michelin star chefs creating new concept restaurants to companies like Apple, Amazon and Netflix vying for office space, this area of West Adams will soon be center stage in LA's sought after destinations and the new spot for FoodTech in the city making this duplex an unbelievable opportunity. The duplex features side by side units with 2 beds + 1 bath with washer dryers in each. Upgrades done since 2016 include, HVAC for each unit, replaced all windows with double paned windows, remodeled both kitchens with newer tile floors and custom quartz countertops, and a full remodeled bathroom in one of the units. Additional upgrades include hardwood floors and a complete rebuilding of the detached garage. This area is bursting with new cafes, boutiques and is close to Culver City and the Expo Line station for easy access to downtown to the beach in Santa Monica. This is an opportunity that doesn't come to market very often.

Listed by Darren Winston | BRE #01399200 | Sotheby's International Realty
Co-listed by Craig Nadeau | BRE #01916063 | Sotheby's International Realty

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft: 6,401
HOA Dues: $0/mo
Year built: 1924
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21686564
City: Los Angeles
County: Los Angeles
Time on Site: 1249 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,500
Total Rent: $2,500
Pro Forma/Market Rent: $2,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 4.4
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2631 S Burnside Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Forced Air

Kitchen Information

Has Appliances
Disposal

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 2
Parcel Number: 5043008032

Location / Neighborhood

Location Information

Directions: Between Fairfax and La Brea. West Adams

View more facts & features

Local Los Angeles Agent

Sale History for 2631 S Burnside Ave

Last sold for $1,125,000 on March 15th, 2021

March, 2021
Mar 15, 2021

Date

Sold

CRMLS: 21686564

$1,125,000

Price
Feb 17, 2021

Date

Active Under Contract

CRMLS: 21686564

$1,199,000

Price
Jan 28, 2021

Date

Active

CRMLS: 21686564

$1,199,000

Price
January, 2021
Jan 23, 2021

Date

Canceled

CRMLS: 20668118

$1,199,000

Price
Dec 9, 2020

Date

Active

CRMLS: 20668118

$1,199,000

Price
Listing provided courtesy of CRMLS
December, 2019
Dec 4, 2019

Date

Expired

CRMLS: 19485832

$1,198,000

Price
Dec 3, 2019

Date

Active

CRMLS: 19485832

$1,198,000

Price
Nov 13, 2019

Date

Active Under Contract

CRMLS: 19485832

$1,198,000

Price
Sep 27, 2019

Date

Price Change

CRMLS: 19485832

$1,198,000

Price
Jul 8, 2019

Date

Active

CRMLS: 19485832

$1,250,000

Price
Listing provided courtesy of CRMLS
December, 2018
Dec 22, 2018

Date

Expired

CRMLS: 18357476

$1,250,000

Price
Oct 23, 2018

Date

Withdrawn

CRMLS: 18357476

$1,250,000

Price
Jun 22, 2018

Date

Active

CRMLS: 18357476

$1,250,000

Price
Listing provided courtesy of CRMLS

Perfect investment, 1031 exchange or simply live in one side and collect income from the other. This amazing duplex is in one of the most sought after and up and coming neighborhoods in Los Angeles. Each side by side unit features 2 beds + 1 bath with washer dryers in each. Upgrades done since 2016 include, HVAC for each unit, replaced all windows with double paned windows, remodeled both kitchens with newer tile floors and custom quartz countertops, and a full remodeled bathroom in one of the units. Additional upgrades include hardwood floors and a complete rebuilding of the detached garage. This area is bursting with new cafes, boutiques and is close to Culver City and the Expo Line station for easy access to downtown to the beach in Santa Monica. This is an opportunity that doesn't come to market very often.

Continue Reading
January, 2016
Jan 29, 2016

Date

Sold (Public Records)

Public Records

$685,000

Price
February, 2011
Feb 24, 2011

Date

Sold (Public Records)

Public Records

$360,000

Price

Tax History for 2631 S Burnside Ave

Assessed Value (2020): $741,463

Year	Land Value	Improved Value	Assessed Value
2020	$519,566	$221,897	$741,463

Home Value Compared to the Market

This property vs the competition

2631 S Burnside Ave sold on March 15, 2021 for 6.11% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $693.87 per/sqft which puts the price per square foot 7.98% lower than the current median sale per square foot for the city of Los Angeles.

About 2631 S Burnside Ave

Detailed summary of property

2631 S Burnside Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,728 living square feet, and sits on an approximately 6,401 square foot lot. 2631 S Burnside Ave was first listed on ArdentRealEstateGroup.com on January 29, 2021. The homeowner sold the property for $1,125,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 6.11% higher than the current median priced home. Local homes that are currently for sale include 1618 S Burnside Ave, 1814 S Sycamore Ave and 1432 S Cloverdale Ave. While the average home in Los Angeles, CA is selling in 99 days, 2631 S Burnside Ave has a days on market of 19 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 2631 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 2631 S Burnside Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1924
Sq. Ft.: 1,728
Lot Size: 6,401
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18
APN: 5043-008-032

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.

$744

Median Sold Price

$1,150,000

Median Sold Price/Sq.Ft.

$742

Total Inventory

Median Sale to List Price %

95.91%

Avg Days on Market

Loan Type

Conventional (31.58%), FHA (0%), VA (0%), Cash (10.53%), Other (15.79%)

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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.