NOT LISTED FOR SALE

2638 S Burnside Ave Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,178,000 - $1,477,000

6 Beds
4 Baths
2,884 Sq Ft
$452/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $1,300,000 $451 Per Sq Ft

Current estimated payment $8,663/month

21 Days on Market

About This Home

As of April 2022

We are pleased to present an excellent two-story building in the West Adams area of Los Angeles Incredible investment opportunity with huge potential and upside. Property is Zoned LARD2 and is located on a quiet street Just west of West Adams Blvd. This well maintained 2,884 square foot multi-family building features 6 bedrooms, 4 bathrooms. Consisting of (2) 2bedroom 1 bath units and (2) 1bedroom 1 bath units, Long Driveway with 4 carport parking spaces at the rear of the building. This property is perfect for anyone seeking to start or expand their Real Estate portfolio. Currently 3 units are occupied with 1 unit vacant. The Subject property is in an Opportunity Zone and May be Eligible for Preferential Tax Treatment. The West Adams Neighborhood is a rapidly growing urban area with the LA Metro Rail nearby providing quick transportation from Santa Monica to Downtown LA. West Adams is close to Culver City, Santa Monica, Beverly hills and Downtown LA. close to the new VOX apartments on the corner of La Cienega and Jefferson Blvd. The project is a mixed-use project that will consist of 1,200 new apartments as well as retail stores among them being Whole Foods Market. DRIVE-BY ONLY! DO NOT DISTURB TENANTS FOR ANY REASON. Owners have never lived at the property and the property will be sold "AS-IS' condition with current tenants in place. Submit offers subject to interior inspection.

Last Listed By

Jonathan Anozie

The Realty Exchange Firm License #01252062 Listed on: 01/21/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,372

Lot Details

  • 4,811 Sq Ft Lot
  • Property is zoned LARD2

Home Design

  • Art Deco Architecture

Interior Spaces

  • 2,884 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Carport Space

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5043-007-021

Community Details

Overview

Building Details

  • Rent Control

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,372

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Art Deco
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Living Area: 2884
  • Lot Acreage: 0.1104
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 433.43

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Carport Detached
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Sewer: In Street
  • Water: In Street
  • Water Expense: 100.00
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 53.33
  • Assessed Improvement Value: 138678
  • Assessed Land Percent: 46.67
  • Assessed Land Value: 121343
  • Total Assessed Value: 260021
  • Assessor Parcel Number: 5043-007-021
  • Lot Size Area: 4811

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 3700.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 150
  • Type Of Units: 4-plex
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2022
Sold by
Nebiyou Mesfin
Bought by
Blue Ocean Real Estate Llc
Total Days on Market
21
Current Estimated Value
$1,304,119

Purchase Details

Listed on
Jan 21, 2022
Closed on
Mar 23, 2022
Sold by
Sarah Hamade
Bought by
Hamade Ali
Seller's Agent
Jonathan Anozie
The Realty Exchange Firm
Buyer's Agent
Kenneth Davis
Full Circle Realty Group
List Price
$1,300,000
Sold Price
$1,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.05%
Original Mortgage
$960,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2022
Closed on
Mar 2, 2022
Sold by
Hunter Richard E and Hunter Martha F
Bought by
Mesfin Nebiyou and Hamade Ali
Seller's Agent
Jonathan Anozie
The Realty Exchange Firm
Buyer's Agent
Kenneth Davis
Full Circle Realty Group
List Price
$1,300,000
Sold Price
$1,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Blue Ocean Real Estate Llc -- --
Hamade Ali -- Orange Coast Title
Mesfin Nebiyou -- Orange Coast Title
Mesfin Nebiyou $1,300,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mesfin Nebiyou $960,000
Previous Owner Hunter Richard E $190,000
Previous Owner Hunter Richard E $185,000
Previous Owner Hunter Richard E $158,953
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $1,300,000 +4.0% $451 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
01/21/2022 01/21/22 Price Changed $1,250,000 -3.8% $433 / Sq Ft
01/21/2022 01/21/22 For Sale $1,300,000 -- $451 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,372 $1,326,000 $734,400 $591,600
2023 $16,371 $1,326,000 $1,020,000 $306,000
2022 $3,556 $265,220 $123,769 $141,451
2021 $3,496 $260,021 $121,343 $138,678
2019 $3,400 $252,571 $117,745 $134,826
2018 $3,314 $247,625 $115,437 $132,188
2016 $3,146 $237,761 $110,955 $126,806
2015 $3,104 $234,191 $109,289 $124,902
2014 $3,142 $229,605 $107,149 $122,456
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Anozie

    Seller's Agent in 2022

    Jonathan Anozie

    The Realty Exchange Firm

    (310) 678-8138

    1 in this area

    31 Total Sales

    Jonathan Anozie
    Section Image
  • Kenneth Davis

    Buyer's Agent in 2022

    Kenneth Davis

    Full Circle Realty Group

    (323) 428-7488

    2 in this area

    2 Total Sales

    Kenneth Davis
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-120609

The MLS

APN: 5043-007-021

California Los Angeles County Los Angeles 90016 West Adams

2638 S Burnside Ave, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 2638 S Burnside Ave, Los Angeles, CA 90016 since 21 January 2022 and is currently estimated at $1,304,119, approximately $452 per square foot. 2638 S Burnside Ave is a home located in Los Angeles County with nearby schools including Marvin Avenue Elementary School, Daniel Webster Middle School, and Susan Miller Dorsey Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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