8614 Burton Way | Los Angeles, CA 90048
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- LoopNet Team
8614 Burton Way
Los Angeles, CA 90048
18 Units on Famed Burton Way | Built 1989 · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Prime Burton Way location, steps from Cedars-Sinai Medical Center; “Walker’s Paradise” with a Walk Score of 92
- Priced below replacement cost
- Part of The Burton Way & Swall Portfolio: 75 units; three properties (can be purchased together or individually)
- Built in 1989 (no city rent control); Legacy Assets: First time on market since construction
- Value-Add Opportunity: Over $1,300/unit/month in rental upside
PROPERTY FACTS
| No. Units | 18 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 18,817 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1989 |
| Building Class | B | Parking Ratio | 1.75/1,000 SF |
| Zoning | LAR4 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 18,817 SF |
| No. Stories | 4 |
| Year Built | 1989 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | LAR4 |
AMENITIES
SITE AMENITIES
- Controlled Access
- Fitness Center
- Laundry Facilities
- Elevator
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 650 |
| 2+2 | 12 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 4334-016-007 | Improvements Assessment | $3,812,964 |
| Land Assessment | $6,120,000 | Total Assessment | $9,932,964 |
PROPERTY TAXES
Parcel Number
4334-016-007
Land Assessment
$6,120,000
Improvements Assessment
$3,812,964
Total Assessment
$9,932,964
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