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$8,450,000
10 Days Online

4233 Burns Avenue
Los Angeles, CA 90029

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Nick Astrupgaard of KW Commercial Studio City ?

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310-995-6273
4233 Burns Avenue4233 Burns Avenue4233 Burns Avenue4233 Burns Avenue
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Monthly Payment (Est.)

$38,552
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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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Listing Snapshot
Price 
$8,450,000
Days Online 
10 Days
Bedrooms 
27
Inside Area (SqFt) 
15,444 sqft
Total Baths 
28
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4784 Acres
Year Built 
1953
MLS® Number 
24375655
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
a week agoListing first seen online
General Features
Parking Spaces 
26
Number of Stories 
MultiSplit2
Acreage 
0.4784
Zoning 
LARD1.5
Listing Conditions 
Standard
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Community Features
Senior Community 
No
MLS Area 
C21 - Silver Lake - Echo Park


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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