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4221 Burns Ave
Los Angeles, CA 90029 East Hollywood

$6,700,000 USD

Apartments For Sale  •  15,184 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,184 SF
  • Lot Size 0.44 AC
  • Building Class B
  • Year Built 1928
  • Zoning RD1.5-1XL
67 Transit Score
92 Walk Score

Highlights

A COMPELLING TURN-KEY WITH UPSIDE -Offers investors a proven interior renovation scope to emulate and capture 14%+ in remaining rental income upside.
COMMON AREA CAPEX NEEDS ALREADY ADDRESSED
HIGH IMPACT IMPROVEMENTS - Notable capital improvements include resealing 153 windows, upgrading landscaping including sprinkler a and drip system.
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
A TRUE LIVE, WORK, PLAY LOCATION - Property offers residents a true live, work, play environment just steps from Virgil Village and Sunset Junction
STRONG RECENT LEASING - The Property recently achieved $1,799 on a renovated studio and $2,449 on a renovated 1-bedroom.

Amenities

  • 24 Hour Access
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Gated
  • Hardwood Floors
  • Refrigerator
  • Double Pane Windows
  • Walk-Up
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.6 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 8 min - 4.3 mi
Transit/SubwayDriveWalkDistance
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 10 min 0.6 mi
AirportDriveWalkDistance
Bob Hope 20 min - 11.9 mi
Los Angeles International 28 min - 16.0 mi
Long Beach (Daugherty Field) 36 min - 25.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Kevin Green 310-706-4400 Marcus & Millichap
Kevin Green 310-706-4400 Marcus & Millichap