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648 S Burnside Ave, Los Angeles, CA 90036
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648 S Burnside Ave Los Angeles, CA 90036

$2,100,000 Sold Price as of 12/15/2021
  • 24 Beds
  • 21 Baths
  • 6,091 Sq.Ft.
Sold
$2,100,000 Sold Price as of 12/15/2021 Refinance Your Mortgage
Map preview of 648 S Burnside Ave, Los Angeles, CA 90036

Property Overview: 648 S Burnside Ave Los Angeles, CA has 24 bedrooms, 21 bathrooms, 6,091 living square feet and 7,814 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to purchase 648 S Cloverdale, a 6 unit apartment building Located in Miracle mile, Just North of Wilshire Blvd. First time on the Market in over 60 years! Great Unit Mix with (2) 2 Bedrooms/One Bathroom and (4) 1 Bedroom/One Bathroom units. Seller to deliver 1 2 Bedroom vacant for immediate Upside. Building contains original Hardwood flooring, Moldings and lighting. Approximately 40% upside. No showings without accepted offer.

Listed by Joshua Tomaszewski | BRE #01836611 | JRM Properties
Last checked: 4 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
7,814
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21109227
City
Los Angeles
County
Los Angeles
Time on Site
898 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $1,703
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,703
  • Total Rent: $1,703
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,569
  • Total Rent: $1,569
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,209
  • Total Rent: $1,209
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,323
  • Total Rent: $1,323
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,209
  • Total Rent: $1,209
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.83
  • Gross Scheduled Income: --
  • Net Operating Income: $60,248
  • Gross Operating Income: $114,223
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $1,650
  • New Taxes: $26,250
  • Gardener: $1,800
  • Insurance: $8,562
  • Maintenance: $6,730
  • Professional Management: $5,460
  • Water/Sewer: $1,650

Property Details for 648 S Burnside Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Refrigerator
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Property Information
  • Total # of Units: 6
  • Parcel Number: 5508011022
Location / Neighborhood
Location Information
  • Directions: North of Wilshire, South of La Brea
View more facts & features

Local Los Angeles Agent

Sale History for 648 S Burnside Ave

Last sold for $2,100,000 on December 15th, 2021

  • December, 2021

  • Dec 15, 2021

    Date

    Sold

    CRMLS: 21109227

    $2,100,000

    Price

  • Dec 1, 2021

    Date

    Active

    CRMLS: 21109227

    $2,100,000

    Price

  • August, 2017

  • Aug 22, 2017

    Date

    Expired

    CRMLS: 17233476

    $2,750

    Price

  • Jun 13, 2017

    Date

    Withdrawn

    CRMLS: 17233476

    $2,750

    Price

  • May 21, 2017

    Date

    Active

    CRMLS: 17233476

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Large 2 Bedroom Art Deco Unit. Updated Kitchen and bathroom. Front Unit. Tons of sunlight. formal breakfast room. Lots of charm. Ceiling fans. Near Wilhire, the Grove Cedar Sinai

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Tax History for 648 S Burnside Ave

Assessed Value (2020): $193,190
Year Land Value Improved Value Assessed Value
2020 $95,478 $97,712 $193,190

Home Value Compared to the Market

This property vs the competition

648 S Burnside Ave sold on December 15, 2021 for 76.47% 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 $344.77 per/sqft which puts the price per square foot 54.33% lower than the current median sale per square foot for the city of Los Angeles.

About 648 S Burnside Ave

Detailed summary of property

648 S Burnside Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 24 bedrooms, 21 bathrooms, roughly 6,091 living square feet, and sits on an approximately 7,814 square foot lot. 648 S Burnside Ave was first listed on ArdentRealEstateGroup.com on December 2, 2021. The homeowner sold the property for $2,100,000. 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 76.47% higher than the current median priced home. Local homes that are currently for sale include 1155 S Tremaine Ave, 1074 S Genesee Ave and 1358 S Cochran Ave. While the average home in Los Angeles, CA is selling in 92 days, 648 S Burnside Ave has a days on market of 1 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 648 S Burnside Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 648 S Burnside Ave

Public county record property details
Beds
8
Baths
6
Year built
1938
Sq. Ft.
6,091
Lot Size
7,814
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
260
APN
5508-011-022

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,998,000
Median List Price/Sq.Ft.
$883
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
45
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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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