Los Angeles, CA 90006,1627 S Burlington AVE
Los Angeles, CA 90006,1627 S Burlington AVE
Los Angeles, CA 90006,1627 S Burlington AVE
28
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$949,800
Est. payment /mo
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6 Beds
6 Baths
2,780 SqFt
New

1627 S Burlington AVE Los Angeles, CA 90006

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,780 sqft

Price per Sqft $341

MLS Listing ID 26640515

Bedrooms 6

HOA Y/N No

Year Built 1901

Lot Size 8,006 Sqft

Property Description

DELIVERED FULLY VACANT. Don't miss this rare chance to own a high-performing income property with immediate upside near the heart of Downtown Los Angeles. This legal duplex has been improved with five legally converted bedrooms into independent units per LADBS, effectively operating as seven existing units in total two 1-bedroom units and five studios. This would be a two-family and five guest room dwelling, with R Occupancy per the Cirtificate of Occupancy by City of Los Angeles. The property already delivers strong rental demand and consistent cash flow, with five units to be delivered vacant offering investors immediate flexibility for lease-up, repositioning, or redevelopment. It sits on a generous 8,007 sq. ft. RD1.5-zoned lot and comes with proposed plans for four additional units, allowing investors to unlock the full potential of the huge backyard with wide alley access. Once completed, the four ADUs are expected to generate approximately $10,000 per month in additional rental income, creating a powerful long-term value-add opportunity while benefiting from the property's existing income stream.Investment highlights include an attractive CURRENT APPX 10% CAP rate and 7.93 GRM, with ample parking for up to 10 vehicles via alley access in the rear parking area. Located in a high-demand rental market near DTLA, USC, and major freeways, this property offers a rare combination of immediate income, development upside, and strong projected returns. With proposed plans in place, full vacancies, and significant future income potential, this property is truly priced to sell and will not last. Rendering images are for illustrative purposes only and may not reflect the current property or finished product.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 10

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5135011017

Special Listing Condition Standard

CRMLS – RECore
Listed by Vinnie Park Keller Williams Larchmont

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Equitas Academy Charter

    Public | KG - 5

  • 9

    Gabriella Charter

    Public | KG - 8

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Global Education Academy

    Public | KG - 5

  • 8

    Synergy Charter Academy

    Public | KG - 5

  • 8

    Celerity Dyad Charter

    Public | KG - 8

  • 7

    New Heights Charter

    Public | KG - 8

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 7

    Equitas Academy Charter #2

    Public | 5 - 8

  • 6

    Wilshire Park Elementary

    Public | KG - 5

  • 6

    Van Ness Avenue Elementary

    Public | KG - 5

  • 6

    Kim Elementary School

    Public | KG - 5

  • 6

    Cahuenga Elementary School

    Public | KG - 5

  • 6

    Menlo Avenue Elementary

    Public | KG - 5

  • 6

    Downtown Value

    Public | KG - 8

  • 6

    Thirty-Second Street Usc Performing Arts

    Public | KG - 12

  • 6

    Betty Plasencia Elementary

    Public | KG - 5

  • 6

    Center for Advanced Learning

    Public | KG - 5

  • 6

    20th Street Elementary School

    Public | KG - 5

  • 5

    Wilton Place Elementary

    Public | KG - 5

Middle Schools 20
  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 7

    Alliance Gertz-Ressler Richard Merkin 6-12 Complex

    Public | 6 - 12

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 6

    New Designs Charter

    Public | 6 - 12

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 5

    Synergy Kinetic Academy

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Vista Charter Middle School

    Public | 6 - 8

  • 4

    Alliance College-Ready Middle Academy No. 12

    Public | 6 - 8

  • 4

    John Adams Middle School

    Public | 6 - 8

  • 4

    Dr. Julian Nava Learning Academy - School of Business & Tech

    Public | 6 - 8

  • 3

    Animo Jefferson Charter Middle School

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 1

    Barack Obama Global Preparation Academy

    Public | 6 - 8

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

  • 1

    Berendo Middle School

    Public | 6 - 8

  • 1

    Young Oak Kim Academy

    Public | 6 - 8

High Schools 20
  • 9

    Alliance Dr. Olga Mohan High School

    Public | 9 - 12

  • 9

    Downtown Business High School

    Public | 9 - 12

  • 8

    Wallis Annenberg High School

    Public | 9 - 12

  • 8

    Alliance College-Ready Academy High No. 5

    Public | 9 - 12

  • 8

    Orthopaedic Hospital

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 7

    Camino Nuevo High No. 2

    Public | 9 - 12

  • 7

    Animo Jackie Robinson High School

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 7

    Student Empowerment Academy

    Public | 9 - 12

  • 7

    Ramon C. Cortines School of Visual and Performing

    Public | 9 - 12

  • 6

    Usc Hybrid High School

    Public | 9 - 12

  • 6

    Animo Ralph Bunche High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 5

    Camino Nuevo Charter High School

    Public | 9 - 12

  • 5

    Roybal Learning Center

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 4

    Santee Education Complex

    Public | 9 - 12

  • 4

    Miguel Contreras Learning Complex - School of Business & Tourism

    Public | 9 - 12

School and business data provided by Attom Data.

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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1627 S Burlington AVE

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