$4,200,000

161 S Burlington Avenue, Los Angeles, CA 90057

  • 6,874 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon8,285sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $611/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

Huge ~600k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.75% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.4% 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:
June 25, 2026
Data Last Updated:
July 5, 2026 at 5:09PM
Listing Office:
Global Platinum Properties, Inc. : 424-394-1030
Listing Agent:
Julio Ruiz : 818-524-0706
MLS ID:
CL26852471
  • 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

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