272 S Burlington Ave Los Angeles, CA 90057

$629,000 Sold Price as of 07/31/2015

-- Beds
-- Baths
2,778 Sq.Ft.

Off Market

$629,000 Sold Price as of 07/31/2015 Refinance Your Mortgage

Map preview of 272 S Burlington Ave, Los Angeles, CA 90057

Property Overview: 272 S Burlington Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,778 living square feet and 5,171 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

272 S Burlington Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 272 S Burlington Ave

Last sold for $629,000 on July 31st, 2015

January, 2023
Jan 1, 2023

Date

Expired

CRMLS: 21107965

$1,595,000

Price
May 10, 2022

Date

Active

CRMLS: 21107965

$1,595,000

Price
Listing provided courtesy of CRMLS

Perched high above the street, this gated, corner, detached bungalow 5-unit property, with sweeping views of Downtown, consists of: a VACANT DETACHED, 2 BEDROOM, 1 BATH BUNGALOW that feels like an SFR, a VACANT, 1 BEDROOM, 1 BATH SFR-FEELING END BUNGALOW, plus, 3 additional, occupied 1 BEDROOM, 1 BATH BUNGALOWS. An ideal property, for anyone looking for a unique Owner-User, or a unique cluster acquisition of Income Properties, on one above-street corner lot, with rental income to off-set a mortgage payment! This property, captures its unique setting, high above the street, making it perfect for residential living and creative studio work space, with great off-street and 3-car garage parking. Additionally, the COMMERCIAL ZONING, within a Transit Zone, allows for mixed-use, live/work space, and the development of approximately 20 units for future development (buyer to verify exact allowable units and mix). With the vacant units rented, at current market rents, the property can generate approximately $7,500 per month, NOW, and even more, as the 3 occupied units, vacate. For buyers looking to Owner-Occupy, combining the property's 2 VACANT UNITS, will create a SPECIAL, OASIS in the middle of the City. This property offers MASSIVE UPSIDE POTENTIAL, WITH COMMERCIAL ZONING, AND BILLBOARD LEASE, A-L-L IN AN EXCELLENT LOCATION, situated, close to Downtown, Silver Lake, and every lifestyle convenience. This is an opportunity, not to be missed!!

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July, 2015
Jul 31, 2015

Date

Sold (Public Records)

Public Records

$629,000

Price
June, 2015
Jun 9, 2015

Date

Price Change

CRMLS: 315005687

$625,000

Price
Listing provided courtesy of CRMLS

5 units corner lot with signage. 4 units are 1 bedroom 1 bath and 1 unit is 2 bedroom 1 bath. Nice view from the top. Spanish style. With good creativity someone can convert the whole thing into a nice single family with 3 car garage. All units are currently tenant occupied. Some units have been updated. The rents are low but has a lot of upside potential. Current monthly income is $3,714.00. The owner pay for water only approximately $530 every 2 months. Each unit has its own water heater. Tenant pay for the gas and electric. There are 5 electric and gas meters and 1 water meter. The signage brings $1,200 per year and already included on the $3,714 monthly income. Other than the rents being low, the property is a very good investment. The plumbing has been upgraded per the seller.

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August, 2013
Aug 31, 2013

Date

Expired

CRMLS: 12167733

$545,000

Price
Aug 23, 2012

Date

Active

CRMLS: 12167733

$625,000

Price
Listing provided courtesy of CRMLS

5 Units near Downtown L.A. Corner property with signage. One unit is a 2 bedroom and the other four units are all one bedroom. Hardwood floors and stucco exterior. Some copper plumbing. Lots of upside on rents. 3 car garage.

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December, 2005
Dec 16, 2005

Date

Sold (Public Records)

Public Records

$585,000

Price

Tax History for 272 S Burlington Ave

Assessed Value (2020): $680,393

Year	Land Value	Improved Value	Assessed Value
2020	$432,972	$247,421	$680,393

About 272 S Burlington Ave

Detailed summary of property

272 S Burlington Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90057 and last sold on July 31, 2015 for $629,000. This property has -- bedrooms, -- bathrooms, roughly 2,778 living square feet, and sits on an approximately 5,171 square foot lot. Homes 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 47.14% lower than the current median priced home. 272 S Burlington Ave was last sold on July 31, 2015 for $629,000. Local nearby listings include 1234 Wilshire Blvd #522, 2523 W 2nd St and 1100 Wilshire Blvd #2207. The average home in Los Angeles, CA is selling in 92 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. If you are the homeowner and looking to sell the home at 272 S Burlington Ave Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 272 S Burlington Ave

Public county record property details

Beds: --
Baths: --
Year built: 1923
Sq. Ft.: 2,778
Lot Size: 5,171
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5153-002-001

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$649,000

Median List Price/Sq.Ft.

$538

Median Sold Price

$365,000

Median Sold Price/Sq.Ft.

$773

Total Inventory

Median Sale to List Price %

104.58%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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