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4221 Burns Ave
Los Angeles, CA 90029
Blu on Burns · Multifamily Property For Sale
·
28 Units
Investment Highlights
- A COMPELLING TURN-KEY WITH UPSIDE -Offers investors a proven interior renovation scope to emulate and capture 14%+ in remaining rental income upside.
- HIGH IMPACT IMPROVEMENTS - Notable capital improvements include resealing 153 windows, upgrading landscaping including sprinkler a and drip system.
- A TRUE LIVE, WORK, PLAY LOCATION - Property offers residents a true live, work, play environment just steps from Virgil Village and Sunset Junction
- COMMON AREA CAPEX NEEDS ALREADY ADDRESSED
- NEAR SUNSET JUNCTION IN SILVER LAKE - Silver Lake is a high demand rental market. 90% of the population are renters and 44% are between the ages of 20
- STRONG RECENT LEASING - The Property recently achieved $1,799 on a renovated studio and $2,449 on a renovated 1-bedroom.
Property Facts
| No. Units | 28 | Lot Size | 0.44 AC |
| Property Type | Multifamily | Building Size | 15,184 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | B | Parking Ratio | 1.32/1,000 SF |
| Zoning | RD1.5-1XL - Restricted Density Multiple Dwelling | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 15,184 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | RD1.5-1XL - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Hardwood Floors
- Refrigerator
- Double Pane Windows
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Gated
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 318 |
| 1+1 | 24 | - | 505 |
Property Taxes
| Parcel Number | 5539-007-021 | Improvements Assessment | $4,015,865 |
| Land Assessment | $4,462,074 | Total Assessment | $8,477,939 |
Property Taxes
Parcel Number
5539-007-021
Land Assessment
$4,462,074
Improvements Assessment
$4,015,865
Total Assessment
$8,477,939
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