NOT LISTED FOR SALE

4342 Burns Ave Los Angeles, CA 90029

East Hollywood Neighborhood
12 Beds
12 Baths
5,386 Sq Ft
9,577 Sq Ft Lot

Last Sold June 23, 2022

Last sale price $2,175,000 $404 Per Sq Ft

181 Days on Market

Highlights

  • Tile Flooring
  • John Marshall Senior High Rated A
  • Gated Home

About This Home

As of June 2022

PLEASE DO NOT WALK ON PROPERTY OR DISTURB THE TENANTS. Constructed in 1924 on 9,577 square foot LARD1.5 lot, and comprised of five separate buildings, 4342-4346 Burns Avenue is a 12-unit property with a total building size of 5,386 square feet. The gated property is serviced by individual water heaters and separately metered for gas and electric. The property is being offered for sale for the first time in 30 years. With rents approximately 76% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 11/18/2021

Co-Listed By

Jenny Eng

CBRE License #01931224

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 11/18/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 9,577 Sq Ft Lot
  • Gated Home

Home Design

  • 5,386 Sq Ft Home
  • Flat Roof Shape
  • Plaster

Kitchen

  • Oven or Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5539-011-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5386
  • Lot Acreage: 0.2199
  • Year Built: 1924
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Laminate, Tile
  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 403.82

Exterior Features

  • Construction: Plaster
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Flat
  • Spa Yn: No

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Gated
  • Water Expense: 10843.00

Fee Information

  • Insurance Expense: 2962.00
  • Maintenance Expense: 6000.00
  • Management Expense: 6542.00
  • Other Expense: 2400.00

Lot Info

  • Assessor Parcel Number: 5539-011-007
  • Lot Size Area: 9577

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.13
  • Number Of Units: 12
  • Total Annual Expense: 57979
  • Type Of Units: Multifamily
  • Vacancy Rate: 3

Tax Info

  • Tax Expense: 26862.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
06/23/2022 06/23/22 Sold $2,175,000 0.0% $404 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
04/28/2022 04/28/22 Price Changed $2,175,000 -5.4% $404 / Sq Ft
03/30/2022 03/30/22 For Sale $2,300,000 +5.7% $427 / Sq Ft
03/02/2022 03/02/22 Off Market $2,175,000 -- --
02/18/2022 02/18/22 For Sale $2,300,000 +5.7% $427 / Sq Ft
01/19/2022 01/19/22 Off Market $2,175,000 -- --
11/18/2021 11/18/21 For Sale $2,300,000 -- $427 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Priscilla Nee

    Seller's Agent in 2022

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    1 in this area

    34 Total Sales

    Priscilla Nee
    Section Image
  • Jenny Eng

    Seller Co-Listing Agent in 2022

    Jenny Eng

    CBRE

    (818) 905-2400

    1 in this area

    17 Total Sales

    Jenny Eng
    Section Image
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Map

Source: The MLS

MLS Number: 21-105295

The MLS
California Los Angeles County Los Angeles 90029 East Hollywood

4342 Burns Ave, Los Angeles, CA

This home is located at 4342 Burns Ave, Los Angeles, CA 90029 since 18 November 2021. This property was built in 1924. 4342 Burns Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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