$4,350,000

161 S Burlington Avenue, Los Angeles, CA 90057

  • 6,874 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $633/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Huge ~500k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.5% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.1% 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.

Listing Status:
Active
Date Added:
February 26, 2026
Data Last Updated:
April 16, 2026 at 5:09AM
Listing Office:
Global Platinum Properties, Inc. : 424-394-1030
Listing Agent:
Julio Ruiz : 818-524-0706
MLS ID:
CL26657319
  • Heating: Wall Furnace
  • Parking: Other
  • County: Los Angeles
  • Zoning: LAR45154001012

This listing courtesy of Julio Ruiz , Global Platinum Properties, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

U

Union Avenue Elementary

150 S Burlington Ave, Los Angeles, CA, 90057

Grades PK-5

0.05 miles away

S

Sal Castro Middle School

1575 W 2nd St, Los Angeles, CA, 90026

Grades 6-8

0.29 miles away

H

Harris Newmark Continuation

1575 W 2nd St, Los Angeles, CA, 90026

Grades 9-12

0.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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