List Search

4315 Burns Ave
Los Angeles, CA 90029 East Hollywood

$2,850,000 USD

Apartments For Sale  •  9,450 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,450 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1964
  • Zoning RD1.5-1XL
80 Transit Score
80 Walk Score

Highlights

The government-required seismic retrofit work has already been completed, saving a new investor substantial capital and time.
Approximately 12% rental upside remains, capturable through ordinary turnover.
Operating at a 6.78% scheduled cap rate and a 9.67 gross rent multiplier.
A Walk Score of 91. Courage Bagels and Sqirl sit a quarter mile south, The Virgil a quarter mile north, Sunset Junction half a mile northeast.
The Metro B Line's Vermont/Santa Monica station sits a third of a mile northwest, with the 101 Freeway at Vermont Avenue about half a mile away.
LA City College sits a quarter mile west, with Children's Hospital LA and Kaiser Permanente's LA Medical Center both under a mile northwest.

Amenities

  • Heating
  • Kitchen
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 3.7 mi
9 min - 3.7 mi
Transit/SubwayDriveWalkDistance
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 8 min 0.4 mi
Vermont/Sunset Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 1.0 mi
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 20 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 22 min - 11.9 mi
Los Angeles International 31 min - 15.9 mi
Long Beach (Daugherty Field) 37 min - 26.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Covered
Included in Rent: Yes
Sean Rosenzweig 213-943-1897 Marcus & Millichap
Sean Rosenzweig 213-943-1897 Marcus & Millichap