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2638 S Burnside Ave, Los Angeles, CA 90016
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2638 S Burnside Ave Los Angeles, CA 90016

$1,300,000 Sold Price as of 04/04/2022
  • 15 Beds
  • 10 Baths
  • 2,884 Sq.Ft.
Sold
$1,300,000 Sold Price as of 04/04/2022 Refinance Your Mortgage
Map preview of 2638 S Burnside Ave, Los Angeles, CA 90016

Property Overview: 2638 S Burnside Ave Los Angeles, CA has 15 bedrooms, 10 bathrooms, 2,884 living square feet and 4,811 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an excellent two-story building in the West Adams area of Los Angeles Incredible investment opportunity with huge potential and upside. Property is Zoned LARD2 and is located on a quiet street Just west of West Adams Blvd. This well maintained 2,884 square foot multi-family building features 6 bedrooms, 4 bathrooms. Consisting of (2) 2bedroom 1 bath units and (2) 1bedroom 1 bath units, Long Driveway with 4 carport parking spaces at the rear of the building. This property is perfect for anyone seeking to start or expand their Real Estate portfolio. Currently 3 units are occupied with 1 unit vacant. The Subject property is in an Opportunity Zone and May be Eligible for Preferential Tax Treatment. The West Adams Neighborhood is a rapidly growing urban area with the LA Metro Rail nearby providing quick transportation from Santa Monica to Downtown LA. West Adams is close to Culver City, Santa Monica, Beverly hills and Downtown LA. close to the new VOX apartments on the corner of La Cienega and Jefferson Blvd. The project is a mixed-use project that will consist of 1,200 new apartments as well as retail stores among them being Whole Foods Market. DRIVE-BY ONLY! DO NOT DISTURB TENANTS FOR ANY REASON. Owners have never lived at the property and the property will be sold "AS-IS' condition with current tenants in place. Submit offers subject to interior inspection.

Listed by Jonathan Anozie | BRE #01252062 | The Realty Exchange Firm
Last checked: 2 minutes ago | Last updated: April 8th, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
4,811
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22120609
City
Los Angeles
County
Los Angeles
Time on Site
893 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $13,200
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $16,200
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $15,000
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 3700
  • Gross Scheduled Income: --
  • Net Operating Income: $3,700
  • Gross Operating Income: $3,550
Annual Expense Breakdown
  • Total Operating Expense: --
  • Gardener: $50
  • Water/Sewer: $100

Property Details for 2638 S Burnside Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport, Detached Carport
Property Information
  • Total # of Units: 4
  • Parcel Number: 5043007021
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Just south of West Adams Blvd and west of Redondo
View more facts & features

Local Los Angeles Agent

Sale History for 2638 S Burnside Ave

Last sold for $1,300,000 on April 4th, 2022

  • April, 2022

  • Apr 4, 2022

    Date

    Sold

    CRMLS: 22120609

    $1,300,000

    Price

  • Jan 21, 2022

    Date

    Active

    CRMLS: 22120609

    $1,300,000

    Price

Tax History for 2638 S Burnside Ave

Assessed Value (2020): $257,616
Year Land Value Improved Value Assessed Value
2020 $120,099 $137,517 $257,616

Home Value Compared to the Market

This property vs the competition

2638 S Burnside Ave sold on April 4, 2022 for 1.88% 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 $433.43 per/sqft which puts the price per square foot 45.21% lower than the current median sale per square foot for the city of Los Angeles.

About 2638 S Burnside Ave

Detailed summary of property

2638 S Burnside Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 15 bedrooms, 10 bathrooms, roughly 2,884 living square feet, and sits on an approximately 4,811 square foot lot. 2638 S Burnside Ave was first listed on ArdentRealEstateGroup.com on January 21, 2022. The homeowner sold the property for $1,300,000. 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 1.88% lower than the current median priced home. Local homes that are currently for sale include 5869 Dauphin Ave, 1814 S Sycamore Ave and 1432 S Cloverdale Ave. While the average home in Los Angeles, CA is selling in 100 days, 2638 S Burnside Ave has a days on market of 21 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 2638 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 2638 S Burnside Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
2,884
Lot Size
4,810
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
41
APN
5043-007-021

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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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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