637-641 S Burnside Ave
Los Angeles, CA 90036
Multifamily Property For Sale · 6 Units

6 Gorgeous Units in Prime Miracle Mile Location A 7,785 SF LAR4 lot with future development potential in highly desirable Miracle Mile location near LACMA, The Grove, and future Metro Purple Line! Situated just north of Wilshire Blvd, this property consists of four large 2+1 units and two large 1+1 units. All rents are well below market with approximately 25% upside potential. The property boasts 6 garaged parking spaces in the rear and is separately metered for gas and electricity. Each unit has its own hot water heater, which keeps owner expenses low. Many units have renovated kitchens and bathrooms with stainless appliances and upgraded finishes. All units have hardwood floors and the exterior of the property is punctuated with mature landscaping. This building is zoned R4 with development potential to build 12 units by right . The Miracle Mile in Los Angeles, California, is an area in the Mid-Wilshire district consisting of a 1.5-mile stretch of Wilshire Boulevard between Fairfax and Highland Avenues. Miracle Mile is a luxury residential neighborhood comprised of a colorful mix of retailers, restaurants, advertising agencies, law firms, public relations offices, publishing companies, art galleries, businesses and entertainment corporations. The Miracle Mile plays a defining part in the identity of the greater metropolis of our city. Several museums are permanent residents of Museum Row on the Miracle Mile which includes Peterson Automotive Museum, LACMA, Craft & Folk Art Museum and La Brea Tar Pits.