US - Jacksonville, FL
JLL, as exclusive advisor, is pleased to present for sale 4230-4234 Burns Ave (the “Property” or “Burns”); a centrally located and high performing multifamily investment opportunity situated in the renowned Virgil Village neighborhood of Los Angeles. Burns is a 10-unit, bungalow-style property comprised of 1-bedroom apartments with an average unit size of ±576 square feet. Fully renovated with rents that are ±14.50% below market, the Property provides investors with significant runway for future rent growth. Additionally, Burns is offered with attractive assumable ﬁnancing (4.15% ﬁxed rate) that is well below today’s market rates.
Ideally situated between Hollywood, Silver Lake, and the 101-freeway, the Property offers a unique combination of proximity to a diverse array of amenities and unmatched accessibility to all major employment centers throughout Los Angeles. Home to a thriving live-music scene and numerous renowned restaurants, Virgil Village has garnered the reputation as Los Angeles’s hottest neighborhood. Iconic hotspots such as The Satellite, Bar Moruno, Omakase by Osen, and Café Stella attract permanent residents and visitors alike to experience all that the area has to offer.
ATTRACTIVE ASSUMABLE FINANCING
HIGH PERFORMING ASSET
ACCESS TO MAJOR SOUTHERN CALIFORNIA
QUALITY ASSET WITH NO DEFERRED MAINTENANCE
STRONG SUBMARKET FUNDAMENTALS
PROXIMATE TO THE ENTERTAINMENT CAPITAL OF