4233 Burns, Los Angeles CA 90029 for sale - Presented to you by of Los Angeles California
Listing provided courtesy of Nick Astrupgaard of KW Commercial Studio City. Last updated 2024-04-18 08:11:23.000000. Listing information © 2022 CLAW.

Asking Price: $8,450,000

4233 Burns, Los Angeles CA 90029

Community: ​C21 - Silver Lake - Echo Park

This property was built in 1953 and is priced at $8,450,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 24375655
  • Type:
  • Year Built: 1953
KW Commerical is pleased to present 4233 Burns Avenue, Los Angeles -- a special 28-unit Apartment Community in the highly desirable Virgil Village sub-market and just half a mile from the Sunset Junction. 4233 Burns Avenue is an attractive Courtyard-style property. The unit mix boasts Twenty-Seven (27) large One-Bedroom units and One (1) spacious Studio Apartment. Current ownership has updated and remodeled 14 of the 28 units. Upgrades include new hardwood laminate flooring, new modern kitchens with granite or quartz countertops, new custom kitchen cabinets, and high-end stainless steel appliances. The bathrooms were tastefully updated with modern vanities, LED Smart Mirrors, and designer tile and finishes throughout. Current ownership has provided a proven model and opportunity to increase rents by over 40% as units turn naturally. Other amenities include a private gate and intercom entry, an onsite washer/dryer room, and 26 parking spaces. 4233 Burns Avenue is not on the LA City mandatory seismic retrofit list. The property offers a combination of modern living and relaxed comfort while centrally located in one of LA's most engaging and diverse neighborhoods. Virgil Village is a trendy neighborhood with creative vibes, artful boutiques, and inventive eateries. Tenants are close to Sqirl, The Virgil, the Smog Cutter, Courage Bagel, Cafecito Organico, and Virgil Normal. Located between the hotspots of Hollywood and Silverlake, it offers down-to-earth cool with unbeatable access to the best areas in the city. With attractive in-place metrics and plenty of upside, 4233 Burns Avenue is a perfect opportunity to secure a generational asset in one of LA's hottest and "up-and-coming" neighborhoods.

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