14-Unit Apartment
For Sale
$2,850,000
4315 Burns Avenue, Los Angeles, CA 90029
Two-story apartment property with on-site parking, laundry facilities, and completed government-required seismic retrofitting.
Property Size9,450 SF
Days on Market26
Property Features for 4315 Burns Avenue
General Information
Standard status
Active
Size
9,450 SF
Property subtype
Multifamily
Amenities
The government-required seismic retrofit work has already been completed, saving a new investor substantial capital and time.
Approximately 12% rental upside remains, capturable through ordinary turnover.
Operating at a 6.78% scheduled cap rate and a 9.67 gross rent multiplier.
A Walk Score of 91. Courage Bagels and Sqirl sit a quarter mile south, The Virgil a quarter mile north, Sunset Junction half a mile northeast.
The Metro B Line's Vermont/Santa Monica station sits a third of a mile northwest, with the 101 Freeway at Vermont Avenue about half a mile away.
LA City College sits a quarter mile west, with Children's Hospital LA and Kaiser Permanente's LA Medical Center both under a mile northwest.
Building Details
Building Size
9,450 SF
Units
14
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Sep 11
Changed: Oct 6
Last Checked: Oct 5 at 3:03PM
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.
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
Location Intelligence
Trade Area within ½ mile
2,251
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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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 Avenue 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
