Homes for sale - 428 S Burlington Ave, Los Angeles, CA 90057

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Sharlotte Blake

sharlotteblake@me.com +1(323) 219-1101

$3,475,000

Est. payment - /mo

18 Beds

18 Baths

11,750 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

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

Year Built 1939

Lot Size 0.626 Acres

Acres 0.3131

Property Sub-Type Multi-Family

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 Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Other

Laundry Community

Exterior

Parking Features Garage Is Detached, Garage

Garage Spaces 19.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Flat

Building

Story 1

Level or Stories One

Construction Status Fixer

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by BRC Advisors- BH

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Sharlotte Blake

+1(323) 219-1101

Broker Associate | License ID: 02035876

Broker Associate License ID: 02035876

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Los Angeles, CA

428 S Burlington Ave Los Angeles, CA 90057

Sharlotte Blake

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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428 S Burlington Ave