1270 S Burnside Ave, Los Angeles, CA 90019

$225,000 PRICE REDUCTION: We are pleased to present the opportunity to acquire the Burnside 7, a 7-unit fully renovated apartment community located in a quiet pocket of Los Angeles'' highly sought after Miracle Mile. Positioned on Burnside Avenue, just south of San Vicente Boulevard, Burnside 7 is located in a charming neighborhood and offers residents a fully amenitized apartment home. Having been fully re-positioned down to the studs in 2006, Burnside 7 offers residents luxury finishes with tasteful modern appointments. The improvements are surrounded by a relaxing outdoor patio and lounge. Residents benefit by being located within walking distance to the famous El Rey Theater as well as being less than 2 miles from the renowned shopping district, The Grove. Due to its 1957 construction, the property is subject to Los Angeles rent control statutes. rental upside to provide a future owner with a healthy income stream and realistic value-add potential.