- 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.–