Value-Add Triplex Opportunity on 6,082 SF Lot in Historic Filipinotown with alley access. Opportunity to acquire a value-add residential income property in the heart of Historic Filipinotown. Located at 324 N. Burlington Ave, this property consists of a single-family residence that has been converted into three units and is currently… Read More reflected as a duplex in public records (buyer to verify).The unit mix includes two (2) 1-bedroom, 1-bath bottom floor units and one (1) 2-bedroom, 1-bath unit on the entire top floor. The upstairs two bedroom unit and one of the lower units will be delivered vacant at the close of escrow offering immediate flexibility for an owner-user or investor to renovate, occupy, or lease at market rents. (Only the unoccupied units shown in the photos) The property is situated on a 6,082 square foot lot with alley access, with the existing structure positioned on the front portion of the lot, leaving a substantial rear yard area that may offer additional potential for future use or expansion (buyer to investigate).Zoned LARD1.5, The existing improvements require renovation and are being sold in their current as-is condition. Centrally located near Silver Lake, Echo Park, Downtown Los Angeles, the Arts District, and Dodger Stadium, the property is well-positioned within one of Los Angeles' most dynamic and evolving rental markets.Ideal opportunity for an investor, owner-user, or developer seeking a project with long-term upside in a prime central Los Angeles location. All information provided is deemed reliable but not guaranteed. Property is sold strictly in its present as-is condition with no warranties or guarantees. Buyer is advised to independently verify all aspects of the property, including but not limited to unit count, square footage, permits, zoning, development potential, and allowable uses to their satisfaction. Read Less
Courtesy of First Elite 310-295-4744
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,749
Lot Size
0.14 Acres
Year Built
1903
MLS Number
26667537
30 Days Snapshot Of 90026
$1.24M
-13%
(avg) sold price
16
+100%
homes sold
68
-33%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
1,749 sq ft, Built in 1903, Levels: Two
Cooling
None
Disclosures
As Is
Garage
Driveway - Gravel
Heating
None
Lot
LotAcreage: 0.1396, LotSizeArea: 6,082, LotSizeDimensions: 40 x 152
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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