Search
4342 Burns Ave, Los Angeles, CA 90029
Image 2 for 4342 Burns Ave, Los Angeles, CA 90029
Image 3 for 4342 Burns Ave, Los Angeles, CA 90029
View Photos

4342 Burns Ave Los Angeles, CA 90029

$2,175,000 Sold Price as of 06/23/2022
  • 12 Beds
  • 12 Baths
  • 5,386 Sq.Ft.
Sold
$2,175,000 Sold Price as of 06/23/2022 Refinance Your Mortgage
Map preview of 4342 Burns Ave, Los Angeles, CA 90029

Property Overview: 4342 Burns Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 5,386 living square feet and 9,577 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PLEASE DO NOT WALK ON PROPERTY OR DISTURB THE TENANTS. Constructed in 1924 on 9,577 square foot LARD1.5 lot, and comprised of five separate buildings, 4342-4346 Burns Avenue is a 12-unit property with a total building size of 5,386 square feet. The gated property is serviced by individual water heaters and separately metered for gas and electric. The property is being offered for sale for the first time in 30 years. With rents approximately 76% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations.

Listed by Priscilla Nee | BRE #01435254 | CB Richard Ellis, Inc.
Co-listed by Jenny Eng | BRE #01931224 | CBRE
Last checked: 3 minutes ago | Last updated: July 1st, 2022 | Source CRMLS | DOM: 123

Home details

Lot Sq. Ft
9,577
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21105295
City
Los Angeles
County
Los Angeles
Time on Site
911 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $936
  • Total Rent: $11,240
  • Pro Forma/Market Rent: $19,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.13
  • Gross Scheduled Income: --
  • Net Operating Income: $72,852
  • Gross Operating Income: $130,831
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $26,862
  • Gardener: $1,080
  • Insurance: $2,962
  • Maintenance: $6,000
  • Professional Management: $6,542
  • Water/Sewer: $10,843
  • Other Expenses: $2,400

Property Details for 4342 Burns Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate, Tile
Interior Features
  • 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
  • Total # of Units: 12
  • Parcel Number: 5539011007
Location / Neighborhood
Location Information
  • Directions: Located south of Santa Monica Boulevard, between Vermont Avenue and Virgil Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 4342 Burns Ave

Last sold for $2,175,000 on June 23rd, 2022

  • June, 2022

  • Jun 23, 2022

    Date

    Sold

    CRMLS: 21105295

    $2,175,000

    Price

  • Nov 18, 2021

    Date

    Active

    CRMLS: 21105295

    $2,300,000

    Price

  • July, 2008

  • Jul 28, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4342 Burns Ave

Assessed Value (2020): $311,611
Year Land Value Improved Value Assessed Value
2020 $119,477 $192,134 $311,611

Home Value Compared to the Market

This property vs the competition

4342 Burns Ave sold on June 23, 2022 for 82.77% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $403.82 per/sqft which puts the price per square foot 46.51% lower than the current median sale per square foot for the city of Los Angeles.

About 4342 Burns Ave

Detailed summary of property

4342 Burns Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 5,386 living square feet, and sits on an approximately 9,577 square foot lot. 4342 Burns Ave was first listed on ArdentRealEstateGroup.com on November 18, 2021. The homeowner sold the property for $2,175,000. Home 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 82.77% higher than the current median priced home. Local homes that are currently for sale include 220 N Hoover St, 251 N Kenmore Ave and 803 N Kingsley Dr. While the average home in Los Angeles, CA is selling in 92 days, 4342 Burns Ave has a days on market of 123 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. For more information on this home for sale at 4342 Burns Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4342 Burns Ave

Public county record property details
Beds
12
Baths
12
Year built
1924
Sq. Ft.
5,386
Lot Size
9,577
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
241
APN
5539-011-007

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 4342 Burns Ave

Nearby Homes for Sale

4332 Lockwood Ave, Los Angeles, CA 90029
$1,795,000
10 Beds
10 Baths
5360 Sq.Ft.
4332 Lockwood Ave
Los Angeles, CA 90029
4520 Willow Brook Ave, Los Angeles, CA 90029
$2,400,000
12 Beds
12 Baths
7556 Sq.Ft.
4520 Willow Brook Ave
Los Angeles, CA 90029
1115 N Madison Ave, Los Angeles, CA 90029
$1,999,000
9 Beds
8 Baths
3416 Sq.Ft.
1115 N Madison Ave
Los Angeles, CA 90029
1137 N Madison Ave, Los Angeles, CA 90029
$2,500,000
7 Beds
4 Baths
3678 Sq.Ft.
1137 N Madison Ave
Los Angeles, CA 90029
Open Tue 11am-1pm
756 Hyperion Ave, Los Angeles, CA 90029
$1,950,000
7 Beds
5 Baths
3570 Sq.Ft.
756 Hyperion Ave
Los Angeles, CA 90029
867 N Alexandria Ave, Los Angeles, CA 90029
$2,200,000
6 Beds
6 Baths
4040 Sq.Ft.
867 N Alexandria Ave
Los Angeles, CA 90029
867 N Alexandria Ave, Los Angeles, CA 90029
$2,200,000
6 Beds
4 Baths
4040 Sq.Ft.
867 N Alexandria Ave
Los Angeles, CA 90029
801 N Alexandria Ave, Los Angeles, CA 90029
$1,997,000
9 Beds
4 Baths
3896 Sq.Ft.
801 N Alexandria Ave
Los Angeles, CA 90029
543 N Heliotrope Dr, Los Angeles, CA 90004
$2,150,000
10 Beds
5 Baths
4808 Sq.Ft.
543 N Heliotrope Dr
Los Angeles, CA 90004
1425 Edgecliffe Dr, Los Angeles, CA 90026
$1,875,000
9 Beds
5 Baths
3379 Sq.Ft.
1425 Edgecliffe Dr
Los Angeles, CA 90026
542 N Kenmore Ave, Los Angeles, CA 90004
$2,500,000
12 Beds
6 Baths
6563 Sq.Ft.
542 N Kenmore Ave
Los Angeles, CA 90004
1424 N Hoover St, Los Angeles, CA 90027
$1,988,000
35 Beds
25 Baths
3224 Sq.Ft.
1424 N Hoover St
Los Angeles, CA 90027

Recently Sold Homes Near 4342 Burns Ave

4245 Normal Ave, Los Angeles, CA 90029
$1,262,000 Last Sold Price
6 Beds
5 Baths
2678 Sq.Ft.
4245 Normal Ave
Los Angeles, CA 90029
4405 Burns Ave, Los Angeles, CA 90029
$1,375,000 Last Sold Price
8 Beds
0 Baths
1432 Sq.Ft.
4405 Burns Ave
Los Angeles, CA 90029
4307 Burns Ave, Los Angeles, CA 90029
$900,000 Last Sold Price
4 Beds
2 Baths
1274 Sq.Ft.
4307 Burns Ave
Los Angeles, CA 90029
4419 Burns Ave, Los Angeles, CA 90029
$1,195,000 Last Sold Price
5 Beds
5 Baths
4698 Sq.Ft.
4419 Burns Ave
Los Angeles, CA 90029

Related Resources to 4342 Burns Ave

New Listings in 90029
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote