4221 Burns Ave - Apartments FOR SALE
Los Angeles, CA 90029 |
4221 Burns Ave
Los Angeles, CA 90029
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.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Blu on Burns
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
15184
STORIES
2
YEAR BUILT
1928
PARKING SPACES
20
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5539-007-021
