Active
4233 Burns Avenue
Los Angeles CA, 90029
$8,450,000
$547.14 per sqft
Active
27 Beds
28 Baths
15,444 sqft
Residential
Built in 1953
Listed by Nick Astrupgaard with KW Commercial Studio City 818-432-1500
KW Commerical is pleased to present 4233 Burns Avenue, Los Angeles -- a special 28-unit Apartment Community in the highly desirable Virgil Village sub-market and just half a mile from the Sunset Junction. 4233 Burns Avenue is an attractive Courtyard-style property. The unit mix boasts Twenty-Seven (27) large One-Bedroom units and One (1) spacious Studio Apartment. Current ownership has updated and remodeled 14 of the 28 units. Upgrades include new hardwood laminate flooring, new modern kitchens with granite or quartz countertops, new custom kitchen cabinets, and high-end stainless steel appliances. The bathrooms were tastefully updated with modern vanities, LED Smart Mirrors, and designer tile and finishes throughout. Current ownership has provided a proven model and opportunity to increase rents by over 40% as units turn naturally. Other amenities include a private gate and intercom entry, an onsite washer/dryer room, and 26 parking spaces. 4233 Burns Avenue is not on the LA City mandatory seismic retrofit list. The property offers a combination of modern living and relaxed comfort while centrally located in one of LA's most engaging and diverse neighborhoods. Virgil Village is a trendy neighborhood with creative vibes, artful boutiques, and inventive eateries. Tenants are close to Sqirl, The Virgil, the Smog Cutter, Courage Bagel, Cafecito Organico, and Virgil Normal. Located between the hotspots of Hollywood and Silverlake, it offers down-to-earth cool with unbeatable access to the best areas in the city. With attractive in-place metrics and plenty of upside, 4233 Burns Avenue is a perfect opportunity to secure a generational asset in one of LA's hottest and "up-and-coming" neighborhoods.
24375655
MLSⓇ ID
April 2, 2024
Listed
May 9, 2024
Updated
Map
4233 Burns Avenue
Los Angeles CA, 90029
Interior Features
Total Stories
2
Bedrooms
27
Total Bathrooms
28
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.48 Acres
Other Property Details
Area Name
C21 - Silver Lake - Echo Park
Days on Market
8
Garage
No
Parking Total
26
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Buyer Agency Compensation
1.5%
Listing Contact: 818-432-1500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 1:36 PM UTC