5 months on rocket

2305 S Burnside Ave, Los Angeles, CA, 90016

$1,138,500

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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2305 S Burnside Ave, Los Angeles$1,138,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage4 spaces
Year Built1924
MLS #SR24117674
Lot Size0.13 Acres
StatusActive

About 2305 S Burnside Ave

Three-unit Property with Future Development Potential with RD.1 Zoning. Located in the desirable neighborhood of Mid-Wilshire near Culver City, Beverly Hills, and Downtown Los Angeles, this property boasts a great mix of units, including two-bedroom and three-bedroom layouts. Each is occupied by stable tenants, ensuring consistent rental income for the new owner. The property is designed for easy management, making it an ideal investment for those seeking a hassle-free income stream with low operating expenses. With a solid 6.1% CAP rate and 12.2 GRM, this property promises a strong return on investment. Tech companies are moving to this area, which is evidence of the long-term investment strategy and investor confidence in the growth of this part of Los Angeles.

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 1

Listing Office:

  • Office Name: Keller Williams Realty-Studio City
  • Office Phone: (818) 235-7290
  • Listing Agent: Behrouz Lavi

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Other

Directions Information:

  • Directions: North of 10 freeway, East of Fairfax

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,138,500

Tax Information:

  • Annual Amount: $10,492
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

2305 S Burnside Ave vs Los Angeles

175 DAYS ON ROCKET

+137 Days

$1,138,500

+$116.9K More

KEY TAKEAWAY

This property is $116.9K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24117674

Listing Office:

  • Office Name: Keller Williams Realty-Studio City
  • Office Phone: (818) 235-7290
  • Listing Agent: Behrouz Lavi

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 28, 2020Home Sold
$860,000
Mar 04, 2020Home Sold
$790,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,492$860,400
2020$916$46,338
2019$822$45,430
2018$811$44,540
2017$811$43,667

History based on county public records data.

Payment Calculator

$5,750

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,480

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3477266
7
/10

  • Marvin Avenue Elementary

  • 2411 S Marvin Ave

  • 0.27 miles

  • Public District Grades KG-5

school-card-donut-3477267
3
/10

  • Cienega Elementary School

  • 2611 S Orange Dr

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-3477268
4
/10

  • Stella Elementary Charter Academy

  • 2636 S Mansfield Ave

  • 0.51 miles

  • Public Charter Grades KG-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,426. Residents of Los Angeles, CA typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90016›2305 S Burnside Ave

This home is located at 2305 S Burnside Ave in Los Angeles, CA and zip code 90016 in the Mid-City neighborhood. This home, which was built in 1924, sits on a 0.13 acre lot. It has been listed on Rocket Homes since June 11, 2024 and is currently priced at $1,138,500.

Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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