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Property Description

KW Commerical is pleased to present 4233 Burns Avenue, Los Angeles — a special 28-unit Apartment Community in the highly desirable Virgil Village sub-market and just half a mile from the Sunset Junction. 4233 Burns Avenue is an attractive Courtyard-style property. The unit mix boasts Twenty-Seven (27) large One-Bedroom units and One (1) spacious Studio Apartment. Current ownership has updated and remodeled 14 of the 28 units. Upgrades include new hardwood laminate flooring, new modern kitchens with granite or quartz countertops, new custom kitchen cabinets, and high-end stainless steel appliances. The bathrooms were tastefully updated with modern vanities, LED Smart Mirrors, and designer tile and finishes throughout. Current ownership has provided a proven model and opportunity to increase rents by over 40% as units turn naturally. Other amenities include a private gate and intercom entry, an onsite washer/dryer room, and 26 parking spaces. 4233 Burns Avenue is not on the LA City mandatory seismic retrofit list. The property offers a combination of modern living and relaxed comfort while centrally located in one of LA’s most engaging and diverse neighborhoods. Virgil Village is a trendy neighborhood with creative vibes, artful boutiques, and inventive eateries. Tenants are close to Sqirl, The Virgil, the Smog Cutter, Courage Bagel, Cafecito Organico, and Virgil Normal. Located between the hotspots of Hollywood and Silverlake, it offers down-to-earth cool with unbeatable access to the best areas in the city. With attractive in-place metrics and plenty of upside, 4233 Burns Avenue is a perfect opportunity to secure a generational asset in one of LA’s hottest and “up-and-coming” neighborhoods.

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Additional Information
KW Commercial Studio City
0
CLW-C103940
CLW-X7405201
Nick
5539007022
: Standard
Multi/Split
32

Multi-Family For Sale

4233 Burns Avenue, Los Angeles, California 90029

15,444 Sqft
$8,450,000
Listing ID #24375655
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24375655
Price : $8,450,000
Living Area : 15,444 Sqft
Lot Size : 20,837 Sqft
Year Built : 1953
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90029
Price Per Square Foot : $547
ModificationTimestamp : 2024-04-10 05:15:16
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