8
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$3,875,000
Est. payment /mo
0.36 Acres Lot
New
1331 S Burnside Ave Los Angeles, CA 90019
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UPDATED:
01/14/2025 08:23 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25-482633
Lot Size 0.356 Acres
Acres 0.35
Property Description
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.
Location
State CA
County Los Angeles
Area Beverly Center-Miracle Mile
Zoning LAR3
Exterior
Waterfront Description None
View Y/N Yes
View City
Building
Lot Description 2-4 Lots
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard
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Listed by Marcus & Millichap