236 N Burlington Ave - Apartments FOR SALE


Los Angeles, CA 90026- Historic Filipinotown
$2,699,000 USD
213-302-8662
236 N Burlington Ave, Los Angeles, CA for Sale
$2,699,000 USD
Apartments - FOR SALE
1/30
null | 5.53% Cap Rate

236 N Burlington Ave
Los Angeles, CA 90026
Historic Filipinotown


HIGHLIGHTS

  • Outstanding STABILIZED cap rate of 5.53%! Cash cow.
  • Delivered 100% leased!
  • MASSIVE units with premium floorplans.
  • Multi-dimensional, architecturally impressive exterior.
  • Boasts ultra-high-end finishes and top-tier construction. This is not your typical new construction multi-unit!
  • Ideal unit mix of two 4 bedroom and two 3-bedroom units!

OVERVIEW

The 2-4 Unit Specialists are pleased to present 236 N Burlington St, a rare FULLY STABILIZED 2023 fourplex walking distance to the Echo Park Lake! This stabilized fourplex attracted A+ tenants quickly thanks to its ultra trendy location near Echo Park & Silver Lake. Moments on foot to Bloom & Plume Coffee, Tribal Cafe, Target on Temple, and so much more! With SB-8 in effect, new construction property inventory is at an all-time low- making it more important than ever to tie up these valuable properties as early as possible! 236 N Burlington is made up of two 4-bedroom, 4.5- bathroom units & two 3-bedroom, 3.5-bathroom units, all with incredibly spacious, open floorplans. The property boasts 8 parking spots (4 garage spaces and 4 exterior spaces) all accessed from a convenient back alley! This incredible project has an excellent stabilized cap rate of 5.53%! In addition to the high return, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. The units feature: washer and dryer in each unit, extremely spacious, open floor plans, and high quality finishes.

FOR SALE DETAILS

PRICE

$2,699,000 USD

PRICE/SF

$563 USD /SF

# OF UNITS

4

PRICE/UNIT

$674,750

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5.53% STABILIZED CAP RATE!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

LARD1.5

APN/PARCEL ID

5159-009-005

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.com IncMore Info
213-302-8662

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Lauren CearleyMyunits.com IncMore Info
213-302-8662

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