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$ 4,300,000
Est. payment | /mo
0.52 Acres Lot
$ 4,300,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25137291
HOA Y/N No
Year Built 1913
Lot Size 0.517 Acres
Property Sub-Type Mixed Use
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
$134k/unit and $141/sqft. The property is currently
operating at a 6.68% CAP and 8.30 GRM. There is still
over 51% upside available once the property is
stabilized. The property is master metered for gas
and electric.
The building is comprised of (26) apartment units
and (6) Retail Spaces - consistent of (13)
1Bed+1Bath, (13) Studio+1Bath. Currently (2)
studio/1-bath units are 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.
located in the Pico Union neighborhood. This
massive 30,319 sqft building is offered at only
$134k/unit and $141/sqft. The property is currently
operating at a 6.68% CAP and 8.30 GRM. There is still
over 51% upside available once the property is
stabilized. The property is master metered for gas
and electric.
The building is comprised of (26) apartment units
and (6) Retail Spaces - consistent of (13)
1Bed+1Bath, (13) Studio+1Bath. Currently (2)
studio/1-bath units are 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 699 - Not Defined
Zoning C2
Interior
Fireplace No
Laundry See Remarks
Building
Lot Description 0-1 Unit/Acre
Story 3
Water Public
Others
Tax ID 5142011013
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556