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14-Unit Apartment Building
For Sale
$2,850,000

4315 Burns Ave, Los Angeles, CA 90029

Two-story apartment property with on-site parking, laundry facilities, and completed government-required seismic retrofitting.

Property Size9,450 SF
Price / SF$301.59
Days on Market27

Property Features for 4315 Burns Ave

General Information

Standard status Active
Size 9,450 SF
Property subtype MULTI_FAMILY

Building Details

Building Size 9,450 SF
Year Built 1964
Listing Agency: Marcus & Millichap
Listed By: Sean Rosenzweig · License #01406343
Source: Carolinakramer
Added: Aug 17 Changed: Sep 11 Last Checked: Sep 12 at 9:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap

Investment Insights

Based on property information with market context.

Built in 1964, this 14-unit apartment property occupies a 9,599-square-foot parcel and contains 9,450 square feet of improvements within a single two-story building. The unit mix includes nine one-bedroom units, two two-bedroom units, two single units, and one bachelor unit. On-site features include parking and laundry facilities, and the required government seismic retrofit has been completed.

The property is located in Los Angeles' Virgil Village neighborhood, near dining and entertainment along Virgil Avenue and Santa Monica Boulevard. The Metro B Line's Vermont/Santa Monica station is approximately one-third of a mile northwest, while the 101 Freeway meets Vermont Avenue about half a mile away. Los Angeles City College, Children's Hospital Los Angeles, and Kaiser Permanente Los Angeles Medical Center are also within the surrounding area.

Key Highlights

  • 14‑unit apartment property with nine one‑bedroom units, two two‑bedroom units, two single units, and one bachelor unit
  • 9,450 square feet of improvements on a 9,599‑square‑foot parcel
  • Built in 1964 in Los Angeles' Virgil Village neighborhood

Property Analytics

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Current Use

HypnoYoga.Online Gym & Fitness Center

Suggested Use

Top Pick Law Firm Travel Agency Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,251
Businesses Nearby

Demographics for 90029, CA

34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story apartment property with on-site parking, laundry facilities, and completed government-required seismic retrofitting.
Where is this apartment building located?
The property is located at 4315 Burns Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 14‑unit apartment property with nine one‑bedroom units, two two‑bedroom units, two single units, and one bachelor unit; 9,450 square feet of improvements on a 9,599‑square‑foot parcel; Built in 1964 in Los Angeles' Virgil Village neighborhood
More about this property
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