CA > Los Angeles
Los Angeles, CA 90057,428 - 434 S Burlington AVE
Los Angeles, CA 90057,428 - 434 S Burlington AVE
Los Angeles, CA 90057,428 - 434 S Burlington AVE
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$3,475,000
Est. payment /mo
18 Beds
18 Baths
11,750 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,750 sqft

Price per Sqft $295

MLS Listing ID 25619775

Bedrooms 18

Construction Status Fixer

HOA Y/N No

Year Built 1939

Property Description

Huge courtyard style 18 unit apartment opportunity with tremendous ADU or Development Potential!! 428-434 S. Burlington Ave presents an exceptional multifamily investment opportunity in the heart of Westlake, one of Los Angeles' most vibrant and rapidly evolving neighborhoods. Situated on an expansive 27,000+ square foot lot across two parcels, the property consists of 18 apartment units and offers multiple paths for value creation. For investors seeking a value-add opportunity, significant upside exists through the potential construction of ADUs. The property also includes 18 garages and one open parking space that generates additional income, along with an on-site laundry facility for tenant convenience. This site also holds tremendous appeal for developers. With Tier 3 TOC density bonuses, a buyer could potentially build up to 122 units, with the possibility of even greater density under the ED-1 program (buyer to verify). The central location provides excellent access to Downtown Los Angeles, Echo Park, and Koreatown, areas known for strong rental demand and continued neighborhood growth. Whether pursued as a ground-up development or as a value-add investment, 428-434 S. Burlington Ave represents a rare opportunity with substantial potential.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 18.0

Garage Description 18.0

Pool None

View Y/N No

View None

Total Parking Spaces 19

Private Pool No

Building

Faces West

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5153003034

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by John Katnik BRC Advisors- BH
Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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428 - 434 S Burlington AVE

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