Property Details

Year Built: 1963
Units: 4
Price / Unit: $256,250
Price / SqFt: $311
CAP: 3.76%
GRM: 15.63

Executive Summary


  • 2037 S Burnside Avenue is a fourplex totaling 3,296 SF and is located in Mid- City, just south of Washington Blvd.
  • Built in 1963, this property features a unit mix consisting of one one-bedroom and three two-bedroom apartment units with laundry in each unit.
  • Low price per square foot of $311 with a pro forma CAP rate of 7.29% when market rents are achieved and 61% rental upside.
  • Ease of management as electric and gas are separately metered.
  • The property includes 8 parking spaces, four in the front and four in the back of the building.
  • Walking distance to dining attractions, the Western Ave Metro Expo Line, and provides direct access to the Santa Monica Freeway allowing for a quick commute to Downtown or West LA.
  • The Mid-City neighborhood continues to develop at a rapid pace, including growing educational opportunities, as well as retail, public transportation, and city-shaping development projects.–

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