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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 3,975,000
Est. payment /mo
Price Dropped by $150K
694 S Burlington AVE Los Angeles, CA 90057
0.52 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25223742
Year Built 1913
Lot Size 0.517 Acres
Source California Regional MLS
Property Description
694 S Burlington Ave is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $124k/unit and $131/sqft. The property is currently operating at a 7.22% CAP and 7.67GRM. There is still over 51%+ upside available once the property is stabilized. The property is individually metered for gas and electric. The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1-Bed+1-Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are being delivered vacant, offering immediate upside in rental income. 694 S Burlington Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Exterior
Garage Spaces 3.0
Pool None
Building
Water District - Public
Others
Tax ID 5142011013
Special Listing Condition Not Applicable
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