311 S Burlington Ave
Overview
- Multifamily
- Property Type
- 3
- Number of Units
- 24.87
- GRM
- 291,666.67
- Price/Unit
Description
ATTENTION DEVELOPERS! OPPORTUNITY TO BUILD 24 UNITS. This triplex to be delivered 1/3 vacant is located in the rapidly developing area of Westlake just southeast of Echo Park/Historic Filipinotown and has massive upside potential. Zoned R4, with TOC incentives the lot has the opportunity to build up to 24 UNITS (buyer to verify) and is perfect for an investor/developer who is looking to build. Great owner/user potential as one of the units is vacant. The front building is composed of a duplex with two 1 bedroom units. The rear is a completely renovated stand-alone one bedroom unit that is currently vacant. Close to all the shops and restaurants in Virgil Village, Silver Lake, Echo Park, Historic Filipinotown, and DTLA. Easy access to the 101 freeway.
Details
- Property Type: Multifamily
- Property Status: For Sale
- Price: $875,000
- Number of Units: 3
- Price/Unit: 291,666.67
- GRM: 24.87
- Price/SqFt: $564.52
Address
Open on Google Maps- City Los Angeles
- Area Westlake
