1331 S Burnside Avenue, Los Angeles, CA 90019 - Berkshire Hathaway HomeServices California Properties

1331 S Burnside Avenue, Los Angeles, CA 90019

$3,395,000 Approx. USD 0 beds, 0 baths

  VIRTUAL TOUR Reduced by $480,000 on 3/13/2025

Listing Agent


Iman Mossanen | iman.mossanen@marcusmillichap.com
Lic#: 01978006
Broker: Courtesy of Marcus & Millichap

Agent Remarks

1327-1331 S Burnside Ave is a rare double-lot infill site in the heart of Mid-City offers an exceptional development opportunity in one of Los Angeles' most sought-after areas. Currently vacant, the property eliminates the need for tenant relocation, providing a clean slate for investors and developers to execute their vision. With approximately 94 feet of frontage on S Burnside Avenue and proximity to West Pico and San Vicente Boulevards, the site enjoys outstanding visibility and accessibility, making it highly desirable for future tenants.The property is located in the affluent Mid-City submarket, known for its strong market fundamentals, rising rents, and high-end demographics. Its lack of existing entitlements allows developers the flexibility to explore a wide range of strategies to maximize the property's potential. Nearby transformative projects like Mid-Town Crossing highlight the area's rapid evolution, further boosting its investment appeal. Surrounded by a vibrant mix of major retailers, entertainment options, and diverse amenities, the property is perfectly positioned to attract strong tenant interest. Its central location near key employment centers and convenient transportation hubs enhances its desirability for urban living and commercial activity. With Mid-City's thriving rental market and ongoing growth, this property offers promising returns for investors looking to capitalize on the area's sustained demand and dynamic neighborhood environment.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25482633
List price is $3,395,000 Reduced by $480,000 on 3/13/2025
Price: $3,395,000
Beds: 0
Baths: 0
0.36 acres
Lot size: 0.3562
County: Los Angeles
Zoning: LAR3
MLS area: C19 - Beverly Center-Miracle Mile

Last Updated: 3/13/2025

 Days On Market (DOM): 61

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This listing belongs to the C19 - Beverly Center-Miracle Mile MLS area

Lat/Long: 34.049856, -118.354335.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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