Property Description

We are pleased to present a ten (10) unit apartment building located at 4312 Burns Avenue in Los Angeles, California. The subject property is situated in a prime Virgil Village location one block outside of Silver Lake, west of North Virgil Avenue and south of Santa Monica Boulevard. Built in 1923, this property contains a streamlined unit mix of ten (10) one-bedroom / one-bathroom units across three (3) detached buildings on a large 9,570 square foot lot with Tier 3 TOC development incentives. Just past the gated and secure entryway is a charming center courtyard. The units feature individual water heaters and copper plumbing throughout. Tenants will love being within walking distance so some of the trendiest restaurant, retail, and entertainment amenities across Virgil Village and Silver Lake. Some of these amenities include Alma’s Cider & Beer right next door, Bolita, Virgil Normal, Erewhon Market, The Black Cat, Bacari Silverlake + Bar Bacari, Pine and Crane, and many more. Outdoor recreation is also available less than half a mile away at the Bellevue Recreation Center and Park. Residents of this building have central access to all that Los Angeles has to offer. Situated in a prime Virgil Village location one block outside of Silver Lake, this offering presents an excellent opportunity for any investor to capitalize on over 85% rental upside potential in an opportunity zone with tax benefits.

Features
: Wall Furnace
1
0
: Bungalow
Additional Information
Marcus & Millichap
0
CLW-X92444
CLW-X75151
Jason
5539011003
: Standard
32

Multi-Family For Sale

4312 Burns Avenue, Los Angeles, California 90029

5,760 Sqft
$2,050,000
Listing ID #22193099
Basic Details
Status : Active
DaysOnMarket : 28
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 22193099
Price : $2,050,000
Living Area : 5,760 Sqft
Lot Size : 9,570 Sqft
Year Built : 1923
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90029
Price Per Square Foot : $356
ModificationTimestamp : 2022-09-19 15:36:13
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