REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,575,000
Est. payment /mo
New
234 N Burlington Avenue Los Angeles, CA 90026
14 Beds
14 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25199178
Bedrooms 14
Property Sub-Type Res Income 2-4 Units
Property Description
234 N Burlington St is a rare FULLY STABILIZED 2023 fourplex delivering a strong 5.99% cap rate, just steps from Echo Park Lakeperfect for 1031 exchange buyers seeking turnkey income in one of LAs hottest rental markets. This new construction fourplex leased immediately to A+ tenants thanks to its ultra-trendy location near Echo Park & Silver Lake, with Bloom & Plume Coffee, Tribal Caf, Target, and countless dining and lifestyle options just blocks away. With SB-8 limiting new inventory, stabilized assets like this are increasingly hard to secure. The property features two 4-bed/4.5-bath units and two 3-bed/3.5-bath units with spacious open floorplans, plus 8 total parking spaces (4 garage + 4 surface) accessed via a rear alley. Fully leased, it delivers a strong 5.99% cap rate and offers 1031 investors both immediate income and long-term appreciation. Buyers will also enjoy a 1-year builders warranty, brand-new systems with little to no maintenance, separate utility meters, and highly desirable finishes including in-unit washer/dryers, premium kitchens, and modern layouts designed to command top rents.
Location
State CA
County Los Angeles
Zoning Builder
Direction Just minutes from the 101, 110, and 5 Freeways, 234 N Burlington offers renters unbeatable access to Downtown LA, Echo Park, and
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5159009005
Virtual Tour https://www.myunits.com/buy/236burlington
Listed by Lauren Cearley Myunits.com Inc.
GET MORE INFORMATION
QUICK SEARCH