28 days on rocket

307 S Burlington Ave, Los Angeles, CA, 90057

$1,300,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
10 Baths
3,976 SqFt
$327/SqFt
House
Schools Nearby

Location

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307 S Burlington Ave, Los Angeles$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1925
MLS #24374935
Lot Size0.12 Acres
StatusActive

About 307 S Burlington Ave

I am pleased to offer for sale a 10-unit apartment community located at 307 South Burlington Avenue. The subject property is located south of 3rdStreet within the Westlake sub-market, which borders three thriving markets Koreatown, Downtown, and Echo Park. Situated on a 5,397 square foot parcel, the property is comprised of four singles, four studios, and two one-bedroom units. The property has 44% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 307 South Burlington Avenue an excellent acquisition opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2
  • Living Area: 3,976 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

School Info

Assigned Schools Information:

  • Belmont Senior High School, Public District Grades 9-12
  • Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
  • Contreras Learning Center-School of Social Justice, Public District Grades 9-12
  • John H. Liechty Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Union Avenue Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: South of 3rd Street and West of Union Avenue.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000
  • Price Per SqFt: $327/SqFt

Tax Information:

  • Annual Amount: $14,235
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

307 S Burlington Ave vs Los Angeles

28 DAYS ON ROCKET

-6 Days

$1,300,000

+$324K More

$327/SqFt

-$301 Less

KEY TAKEAWAY

This property is $324K more than the Median Sold Price and $301/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24374935

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 3:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 31, 1995Home Sold
$145,000

Tax History

YEARPROP. TAXASSESSMENT
2021$14,235$1,130,615
2020$13,827$1,118,430
2019$13,719$1,096,500
2018$3,321$1,075,000
2017$3,321$209,834

History based on county public records data.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3487695
4
/10

  • Union Avenue Elementary School

  • 150 S Burlington Ave

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-3487696
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 4.64 miles

  • Public Magnet Grades KG-6

school-card-donut-3487697
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 23.18 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-3487698
2
/10

  • John H. Liechty Middle School

  • 650 S Union Ave

  • 0.46 miles

  • Public District Grades 6-8

school-card-donut-3487699
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.53 miles

  • Public District Grades 6-8

High School

school-card-donut-3487700
2
/10

  • Belmont Senior High School

  • 1575 W 2nd St

  • 0.25 miles

  • Public District Grades 9-12

school-card-donut-3487701
1
/10

  • Contreras Learning Center-Los Angeles School of Global St

  • 322 Lucas Ave

  • 0.54 miles

  • Public District Grades 9-12

school-card-donut-3487702
2
/10

  • Contreras Learning Center-School of Social Justice

  • 322 Lucas Ave

  • 0.54 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,137. Residents of Los Angeles, CA typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 307 S Burlington Ave

What is the listing price of this property?

The listing price of 307 S Burlington Ave property is $1,300,000.

What type of property is this?

The property 307 S Burlington Ave is a house located in Los Angeles, California, 90057.

Is this property for sale now?

Active Listing: 307 S Burlington Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 307 S Burlington Ave are:
Union Avenue Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
John H. Liechty Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
Belmont Senior High School: GreatSchools Rating 2/10
Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10
Contreras Learning Center-School of Social Justice: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $14,235 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 31, 1995 for $145,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 307 S Burlington Ave has 2 bedrooms and 10 bathrooms.

What is the square footage of this property?

The property 307 S Burlington Ave is 3,976 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 307 S Burlington Ave is 1925.

Rocket Homes›California›Los Angeles County›Los Angeles›90057›307 S Burlington Ave

This home is located at 307 S Burlington Ave in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This 3,976 square foot home, which was built in 1925, sits on a 0.12 acre lot. Features: 2 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since April 01, 2024 and is currently priced at $1,300,000.

While more than 628 listings in Los Angeles, CA in March 2024 were sold above asking price, there were more than 196 listings sold at asking price, and more than 579 were sold below. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024 median list price was $975,970 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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