1350 S Burlington Ave - Apartments FOR SALE


Los Angeles, CA 90006- Pico-Union
$1,600,000 USD
310-951-6566
1350 S Burlington Ave, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/7
null | 5.09% Cap Rate

1350 S Burlington Ave
Los Angeles, CA 90006
Pico-Union


HIGHLIGHTS

  • First Time on Market in Over 45 Years
  • Fantastic Cost per Unit - $133K
  • Tremendous Rental Upside – 7.96 GRM and 8.86% CAP at Market
  • Major Roof Upgrades in 2024/2025
  • Mostly Copper Plumbing
  • 6 On-Site Parking Spaces

OVERVIEW

Jonathan Prakash of Equity Union Commercial presents an exceptional value-add opportunity located at 1350 S. Burlington Avenue. This 1950 asset is already performing at an 11.56 GRM and 5.09% CAP, with a clear path to a 7.96 GRM and 8.86% CAP—a rare upside spread in this submarket. The property benefits from major roof repairs, mostly copper plumbing, and six on-site parking spaces. This is an ideal play for investors seeking meaningful rent upside, solid in-place numbers, and a straightforward value-add opportunity in a high-demand rental corridor.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

12

PRICE/UNIT

$133,333

CAP RATE

5.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burlington Villas -12 Units | 5.09% CAP Rate

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,250 SF

ZONING

RD1.5--1

APN/PARCEL ID

5135-020-008

ASK ABOUT THIS PROPERTY

Jonathan PrakashEquity Union CommercialMore Info
310-951-6566

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Jonathan PrakashEquity Union CommercialMore Info
310-951-6566

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.