428-434 S Burlington Ave ave - Apartments FOR SALE


Los Angeles, CA 90057- Westlake North
$3,475,000 USD
310-956-2291
428-434 S Burlington Ave ave, Los Angeles, CA for Sale
$3,475,000 USD
Apartments - FOR SALE
1/8
null | 3.18% Cap Rate

428-434 S Burlington Ave ave
Los Angeles, CA 90057
Westlake North


HIGHLIGHTS

  • Value-Add & Development Potential – Multiple garages are ideal for ADU conversion, and an oversized lot offers significant TOC Tier 3 potential.
  • Strong Day-One Income with Upside – The property is generating strong income with reliable tenants and substantial rental growth opportunity.
  • Desirable Courtyard Layout with 100% Bungalow Style Units – The layout of both buildings is extremely attractive for tenants.
  • Prime Westlake Location – Close proximity to local retail, schools, and major employment centers, with convenient access to the 110 and 101 freeways.
  • Attractive Parking & Amenities – Includes 18 garages, 1 open parking space, and on-site laundry facilities.

OVERVIEW

Huge courtyard style 18 unit apartment opportunity with tremendous ADU or Development Potential!! 428-434 S. Burlington Ave presents an exceptional multifamily investment opportunity in the heart of Westlake, one of Los Angeles' most vibrant and rapidly evolving neighborhoods. Situated on an expansive 27,000+ square foot lot across two parcels, the property consists of 18 apartment units and offers multiple paths for value creation. For investors seeking a value-add opportunity, significant upside exists through the potential construction of ADUs. The property also includes 18 garages and one open parking space that generates additional income, along with an on-site laundry facility for tenant convenience. This site also holds tremendous appeal for developers. With Tier 3 TOC density bonuses, a buyer could potentially build up to 122 units, with the possibility of even greater density under the ED-1 program (buyer to verify). The central location provides excellent access to Downtown Los Angeles, Echo Park, and Koreatown, areas known for strong rental demand and continued neighborhood growth. Whether pursued as a ground-up development or as a value-add investment, 428-434 S. Burlington Ave represents a rare opportunity with substantial potential.

FOR SALE DETAILS

PRICE

$3,475,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

18

PRICE/UNIT

$193,056

CAP RATE

3.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,184 SF

ZONING

LAR4

APN/PARCEL ID

5153-003-034,5153-004-002

ASK ABOUT THIS PROPERTY

John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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