$ 3,475,000
-
$3,475,000
Price -
3
Bed -
3
Bath -
11,750
SqFt
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About the Listing CLW-X82405 - CLW-C133711
Huge courtyard style 18 unit apartment opportunity with tremendous ADU or Development Potential!! 428-434 S. Burlington Ave presents an exceptional multifamily investment opportunity in the heart of Westlake, one of Los Angeles' most vibrant and rapidly evolving neighborhoods. Situated on an expansive 27,000+ square foot lot across two parcels, the property consists of 18 apartment units and offers multiple paths for value creation. For investors seeking a value-add opportunity, significant upside exists through the potential construction of ADUs. The property also includes 18 garages and one open parking space that generates additional income, along with an on-site laundry facility for tenant convenience. This site also holds tremendous appeal for developers. With Tier 3 TOC density bonuses, a buyer could potentially build up to 122 units, with the possibility of even greater density under the ED-1 program (buyer to verify). The central location provides excellent access to Downtown Los Angeles, Echo Park, and Koreatown, areas known for strong rental demand and continued neighborhood growth. Whether pursued as a ground-up development or as a value-add investment, 428-434 S. Burlington Ave represents a rare opportunity with substantial potential.
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 18 car
- Parking Spaces: 19
- Zoning: LAR4
- Roof:
- Others: Fixer,2+ Total Units
- Sewer:
- Parking Features: Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5153003034
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
428 - 434 S Burlington Ave Los Angeles, CA 90057
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