Sold
Address
227 N Burlington Avenue, Los Angeles, CA
Price
$ 885,000
Property Attributes
- MLS#23298579
- TypeLand
- CountyLOS ANGELES
- CityLos Angeles
- Zip90026
- Style
- Price$ 885,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size5,998 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
REDUCED! We are proud to exclusively present for sale a unique opportunity for a savvy investor. On offer is a substantial, yet dilapidated, Single-Family Residence located in the rapidly-appreciating Historic Filipinotown / Echo Park neighborhood of Los Angeles, affectionately referred to as HiFi. The existing structure is a two-story 4 bedroom and 3 bathroom house spanning 2,414 square feet on a 6,000 square foot lot that backs up to a 20-foot alley. The structure has seen better days, presenting a blank canvas for redevelopment of the property. Bring back the house to its former glory, or do that and break off a portion of it for an attached Additional Dwelling Unit (ADU). The property also features an extra-large garage on site, which could be converted into a detached ADU, providing an additional income stream. With the area experiencing a surge in development and rental rates on the rise, this property represents an ideal investment opportunity. The location is right between Echo Park, MacArthur Park, Hollywood and Downtown. Head north for hip shopping, fine dining and nightlife. Head south for your everyday shopping needs and quick access to the Metro Station at Wilshire and Alvarado.
| Price History | |
|---|---|
| 8/8/2023 | Listed $995,000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 90026
Price
Based on information from California Regional Multiple Listing Service, Inc. as of November 30, 2023 8:12 AM UTC 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.
