1627 S Burlington Ave - Apartments FOR SALE


Los Angeles, CA 90006- Pico-Union
$999,800 USD
213-332-9045
1627 S Burlington Ave, Los Angeles, CA for Sale
$999,800 USD
Apartments - FOR SALE
1/32
null | 6.55% Cap Rate

1627 S Burlington Ave
Los Angeles, CA 90006
Pico-Union


HIGHLIGHTS

  • High-Performing Duplex – Improved to operate as 6 rental units with strong cash flow.
  • Vacancy Advantage – 3 vacant units ready for lease-up or repositioning.
  • Development Ready – RTI plans approved for 4 additional ADUs on an 8,007 SF RD1.5 lot with wide alley access.
  • Strong Returns – Current 6.5% CAP rate and 10.5 GRM, with projected +$10,000/month additional rental income after ADUs.
  • Ample Parking – Space for up to 10 vehicles via rear alley.
  • Prime Location – Near Downtown LA, USC, and major freeways, in a high-demand rental market.

OVERVIEW

Excellent Investment & Development Opportunity, Priced to Sell! Don't miss this rare chance to own a high-performing income property with immediate upside near the heart of Downtown Los Angeles. This legal duplex has been improved with four legally converted bedrooms into independent units per LADBS, effectively operating as six rental units. The property already delivers strong rental demand and consistent cash flow, plus three vacant units ready for lease-up or repositioning. The property sits on a generous 8,007 sq. ft. RD1.5-zoned lot and comes with RTI plans for four additional units, allowing investors to unlock the full potential of the huge backyard with wide alley access. Once completed, the four ADUs are expected to generate approximately $10,000 per month in additional rental income, creating a powerful long-term value-add opportunity while benefiting from the property's existing income stream. Investment highlights include an attractive CURRENT 6.5% CAP rate and 10.5 GRM, with ample parking for up to 10 vehicles via alley access in the rear parking area. Located in a high-demand rental market near DTLA, USC, and major freeways, this property offers a rare combination of immediate income, development upside, and strong projected returns. With RTI plans in place, legal conversions completed, multiple vacancies, and significant future income potential, this property is truly priced to sell and will not last. Rendering images are for illustrative purposes only and may not reflect the current property or finished product.

FOR SALE DETAILS

PRICE

$999,800 USD

PRICE/SF

$360 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,633

CAP RATE

6.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

1.5

APN/PARCEL ID

5135-011-017

ASK ABOUT THIS PROPERTY

Vinnie ParkPropertyWorkMore Info
213-332-9045

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Vinnie ParkPropertyWorkMore Info
213-332-9045

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