2049 S Burnside Avenue Los Angeles, CA ^$ 950,000

2049 S Burnside Avenue

^$ 950,000

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2049 S Burnside Avenue

Los Angeles, CA, 90016

^$ 950,000

Bedrooms5 Baths3.0 Sq 2,448

Monthly Estimate*

^$ 6,314

Listed by Century 21 A Better Service

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Multi-Family Home for sale in Los Angeles, CA

for $950,000 with 5 bedrooms and 3 full baths. This 2,448 square foot home was built in 1923 on a lot size of 0.1326.

Welcome to 2049 S Burnside Ave, situated in Mid-City and it features 3 Units that can produce you a substantial amount of rental income due to its location. The two front units are each 2 bedroom 1 Bath and the unit in the rear is a 1 Bedroom 1 Bath. Zoned Lard 1.5 making it developer friendly as well! It has a spacious driveway which is able to fit all tenants cars , it also has space to make a few car ports in the center of the property, and most importantly it’s less than a 10-20 min drive to DTLA, The Grove, and The Beverly Center. This is a perfect investment opportunity or development opportunity! TWO UNITS ARE CURRENTLY VACANT THOSE HAVE BEEN RECENTLY REMODELED. SELLER WILL BE GIVING NEW OWNER PERMITS FOR ADU. PERMITS ARE NOT FULLY COMPLETED NEW BUYER WILL NEED TO FINALIZE THEM. SELLER IS MOTIVATED TO GET THIS PROPERTY SOLD! BACK ON MARKET NO FAULT TO SELLER! 4/22/24

Multi-Family Pending

Price

^$ 950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Spanish

Lot Size

0.1326

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

DW22120822

Days on Market

728

Features

General

Sewer PublicSewer

Heating WallFurnace

Zoning LARD1.5

Garage Spaces 0.0

Architectural Style Spanish

Pool Features None

Year Built 1923

Electric Standard

Stories 2

Levels Two

Gross Income 26148.0

Community Features Biking StormDrains StreetLights Suburban Sidewalks

County Los Angeles

Net Operating Income 26148.0

Operating Expense 0.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions South of Washington Blvd.

City Los Angeles

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 3

MLS Area C16 - Mid Los Angeles

Lot Size Units SquareFeet

Lot Size Square Feet 5775.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Burnside

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 633

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 10

Virtual Tour https://www.youtube.com/watch?v=7pZMbeLz33Q&t=6s

Interior

Flooring Wood

Fireplace Features None

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features InGarage

Electric On Property Y/N N

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 0.0

Lot Size Area 5775.0

Number of Buildings 2

Spa N

Building Area Total 2448.0

Lot Size Acres 0.1326

Lot Size Source Assessor

Number of Separate Water Meters 3

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2049

* Excluded Features

List By

Century 21 A Better Service

Broker

(562) 760-8162

Phone

Affordability Calculator

$6,314

Per Month

Monthly Principal & Interest: $6,314
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,987,900

Percent of Sale Price 109%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/21/2024	$950,000	-7.32%	Price Down
1/25/2024	$1,025,000	-5.09%	Price Down
3/12/2023	$1,080,000		Listed Price

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2049 S Burnside Avenue, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $950,000 with 2,448 sqft and a lot size of 0.1326. 2049 S Burnside Avenue has 5 bedrooms, 3.0 baths, and was built in 1923. The property's zip code is 90016 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/3/2024. 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. 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, 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.

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2049 S Burnside Avenue

Multi-Family Home for sale in Los Angeles, CA

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