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227 N Burlington Avenue

Los Angeles (City), CA 90026
  • $1,049,000
  • STATUS: Active
  • ON SITE: 101 Days
  • ID#: 23243985
Price Reduced
$1,049,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,414
    SQFT
  • $435
    $/SQFT
Type:
Single-Family Home
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Arman Mahmoodi of Keller Williams Beverly Hills (310-432-6400) and Dario Svidler of ()


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-04T00:27:58.6. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Feast | Realty One Group Empire. Licensed in the State of California, USA.
www.thefeastteam.com/homes/137157153
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227 N Burlington Avenue Los Angeles (City), CA 90026

  • Price: $1,049,000
  • Status: Active
  • On Site: 101 Days
  • ID#: 23243985
4
Beds
3
Baths
0
½ Baths
0.14
Acres
2,414
SQFT
$435
$/SQFT
1950
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
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.
Exterior Features

Architectural Style Traditional Attached Garage YN No Parking Features DrivewayOn Street Parking Total 3 Pool Features None Pool Private YN No Spa Features None Spa YN No View YN Yes

Interior Features

Common Walls No Common Walls Flooring Wood Furnished Unfurnished

Property Features

Additional Parcels YN No Association YN No Community Features Gated Disclosures Principal is Real Estate Licensed Laundry Features See Remarks Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Possession Close Of Escrow Property Condition Fixer Property Sub Type Single Family Residence Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Zoning Rd1.5 Tier 1



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-04T00:27:58.6. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Feast | Realty One Group Empire. Licensed in the State of California, USA.
 
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Team Feast | Realty One Group Empire
12765 Main St Suite 640
Hesperia CA, 92344
Listing Agent(s): Arman Mahmoodi of Keller Williams Beverly Hills (310-432-6400) and Dario Svidler of ()