4233 Burns Avenue, Los Angeles

$8,450,000

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1

Bed

2

Baths

15,444

Square feet

0.48

Acres

About 4233 Burns Avenue

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.

Features of 4233 Burns Avenue

MLS® # 24375655
Price $8,450,000
Bedrooms 1
Bathrooms 2.00
Square Footage 15,444
Acres 0.48
Year Built 1953
Type Residential Income
Status Active

Community Information

Address 4233 Burns Avenue
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
Zip Code 90029

Amenities

Parking Spaces 26
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Multi/Split

Additional Information

Date Listed April 2nd, 2024
Days on Market 55
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentNick Astrupgaard
OfficeKW Commercial Studio City

Listing Map

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