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$875,000
311 S Burlington Avenue, Los Angeles, CA, 90057
3
Beds
1,550
Square Feet
ATTENTION DEVELOPERS! OPPORTUNITY TO BUILD 24 UNITS. This triplex to be delivered 1/3 vacant is located in the rapidly developing area of Westlake just southeast of Echo Park/Historic Filipino town and has massive upside potential. Zoned R4, with TOC incentives the lot has the opportunity to build up to 24 UNITS (buyer to verify) and is perfect for an investor/developer who is looking to build. Great owner/user potential as one of the units is vacant. The front building is composed of a duplex with two 1 bedroom units. The rear is a completely renovated stand-alone one bedroom unit that is currently vacant. Close to all the shops and restaurants in Virgil Village, Silver Lake, Echo Park, Historic Filipinotown, and DTLA. Easy access to the 101 freeway.
Offered By
The Collective Realty
Property Details
Property Type
Residential Income
Status
Active
Bedrooms
3
Property Sub Type
Other
Square Feet
1,550
MLS #
CL24366153
Heating
Wall Furnace
Utility Features
Other Water/Sewer
Year Built
1910
Parking Features
None
View
City Lights
CITY
Los Angeles
COUNTY
Los Angeles
AREA
Listing
STATE
CA
LATEST UPDATE
2024-04-23T12:33:57.147Z
PRICE CHANGE(S)
$875,000 Apr 15, 2024
Property Details
Property Type
Residential Income
Status
Active
Bedrooms
3
Property Sub Type
Other
Square Feet
1,550
MLS #
CL24366153
New Properties On Market
14
100%
Increase In New Listings
Average Asking Price
$403,922
$995,419 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$254
$58 Decrease In List Price/Sq. Ft.
Data as of Apr 29, 2024.
Remaining statistics above are calculated on activity within the period from Feb 01, 2024 to Mar 31, 2024.
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The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.
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Based on information from this brokerage/Association of REALTORS® (alternatively, from the East Bay Regional Data MLS) as of 2024 (date the AOR/MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from this brokerage/Association of REALTORS® (alternatively, from the East Bay Regional Data MLS) as of 2021 (date the AOR/MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.