161 S Burlington Avenue

Property Overview

Huge ~800k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 7.25% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.6% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

Home Details

Property type: Residential Income
Year built: 1950
Living area: 6,874 sq ft
Lot size: 8,286 sq ft
Parking: 6 spaces
Days on market: 0
MLS status: Active
Zoning: LAR4

Features & Amenities

Parking

Gated

Community, Schools & Utilities

Utilities

Heating: WallFurnace

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Location & Neighborhood

Los Angeles, CA 90057

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Frequently Asked Questions About 161 S Burlington Avenue

Property type: Residential Income

The current asking price is $3,995,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 161 S Burlington Avenue. Our team will confirm availability and timing.

This 18 bedrooms and 14 bathrooms property offers approximately 6,874 square feet of living space. It was built in 1950. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.