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311 S Burlington Ave, Los Angeles, CA 90057
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311 S Burlington Ave Los Angeles, CA 90057

$875,000
  • 3 Beds
  • 3 Baths
  • 1,550 Sq.Ft.
For Sale
$875,000 Get Pre-Qualified
Map preview of 311 S Burlington Ave, Los Angeles, CA 90057

Property Overview: 311 S Burlington Ave Los Angeles, CA has 3 bedrooms, 3 bathrooms, 1,550 living square feet and 5,390 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: ATTENTION DEVELOPERS! OPPORTUNITY TO BUILD 24 UNITS. This triplex to be delivered 1/3 vacant is located in the rapidly developing area of Westlake just southeast of Echo Park/Historic Filipino town and has massive upside potential. Zoned R4, with TOC incentives the lot has the opportunity to build up to 24 UNITS (buyer to verify) and is perfect for an investor/developer who is looking to build. Great owner/user potential as one of the units is vacant. The front building is composed of a duplex with two 1 bedroom units. The rear is a completely renovated stand-alone one bedroom unit that is currently vacant. Close to all the shops and restaurants in Virgil Village, Silver Lake, Echo Park, Historic Filipinotown, and DTLA. Easy access to the 101 freeway.

Listed by Will Tiao | BRE #01918965 | The Collective Realty
Co-listed by Ken Dennis | BRE #02097826 | The Collective Realty
Last checked: 3 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 18
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Home details

Lot Sq. Ft
5,390
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24366153
City
Los Angeles
County
Los Angeles
Time on Site
19 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $585
  • Total Rent: $585
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $730
  • Total Rent: $730
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 24.87
  • Gross Scheduled Income: --
  • Net Operating Income: $31,067
  • Gross Operating Income: $35,170
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 311 S Burlington Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 5154022013
  • Year Built Source: Assessor
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: SW from 101 Freeway on N Alvarado St, SE on W 3rd St.
View more facts & features

Local Los Angeles Agent

Sale History for 311 S Burlington Ave

Last sold on September 7th, 1994

  • April, 2024

  • Apr 15, 2024

    Date

    Active

    CRMLS: 24366153

    $875,000

    Price

  • May, 2021

  • May 8, 2021

    Date

    Expired

    CRMLS: 20632012

    $1,000,000

    Price

  • Sep 12, 2020

    Date

    Active

    CRMLS: 20632012

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    The property consists of three units (all 1br/1ba) -- duplex in front and house in the rear on a 5,389 SF lot. The house in the rear is tastefully remodeled and will be delivered vacant. Parcel is zoned R4 with Tier 3 TOC incentives which allows for 13 units by-right. The neighborhood has seen a plethora of development projects in the last two years.

  • May, 2020

  • May 2, 2020

    Date

    Expired

    CRMLS: 19526152

    $1,150,000

    Price

  • Apr 27, 2020

    Date

    Withdrawn

    CRMLS: 19526152

    $1,150,000

    Price

  • Feb 12, 2020

    Date

    Price Change

    CRMLS: 19526152

    $1,150,000

    Price

  • Nov 1, 2019

    Date

    Active

    CRMLS: 19526152

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    The offering is to acquire 311 S. Burlington Ave, a 3-unit property consisting of a duplex and a back house on a 5,390 SF lot. The lot is situated in a Tier 3 bonus area, as well as being zoned R4, providing density incentives to build new apartment housing. Neighboring many different markets, this development site attracts renters from Koreatown, Echo Park, Silverlake, and Downtown. The location of the property is central to many restaurants, parks, and entertainment venues iconic to Los Angeles.Marketing Package is available in the Docs folder.

  • October, 2019

  • Oct 31, 2019

    Date

    Active

    CRMLS: 19526006

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 1994

  • Sep 7, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 311 S Burlington Ave

Assessed Value (2020): $42,088
Year Land Value Improved Value Assessed Value
2020 $30,461 $11,627 $42,088

Home Value Compared to the Market

This property vs the competition

311 S Burlington Ave is listed 28.57% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $564.52 per/sqft which puts the price per square foot 27.07% lower than the median price per square foot for the city of Los Angeles.

About 311 S Burlington Ave

Detailed summary of property

311 S Burlington Ave is a multi family located in Los Angeles, CA 90057 and is currently for sale. This multi family property offers 3 bedrooms, 3 bathrooms, roughly 1,550 living square feet, and sits on an approximately 5,390 square foot lot. 311 S Burlington Ave was first listed on ArdentRealEstateGroup.com on April 15, 2024. The homeowner is currently asking $875,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 28.57% lower than the median priced home. Local competing homes currently for sale include 2733 Council St, 1137 S Union Ave and 1835 W 12th St. While the average home in Los Angeles, CA is selling in 96 days, 311 S Burlington Ave has a days on market of 18 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 311 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 311 S Burlington Ave

Public county record property details
Beds
3
Baths
3
Year built
1910
Sq. Ft.
1,550
Lot Size
5,389
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5154-022-013

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
$590,000
Median List Price/Sq.Ft.
$530
Median Sold Price
$365,000
Median Sold Price/Sq.Ft.
$773
Total Inventory
12
Median Sale to List Price %
104.58%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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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