1627 S Burlington Ave - Apartments FOR SALE


Los Angeles, CA 90006- Pico-Union
$649,000 USD
213-792-0940
1627 S Burlington Ave, Los Angeles, CA for Sale
$649,000 USD
Apartments - FOR SALE
1/8
null | 7.16% Cap Rate

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


HIGHLIGHTS

  • Near Downtown LA
  • Rentable area

OVERVIEW

Excellent Investment Opportunity Priced to Sell! Don't miss this rare chance to own a high-performing income property near the heart of Downtown Los Angeles. This legal duplex, currently operating with six rental units, delivers consistent cash flow and strong rental demand. Sitting on a generous 8,007 sq. ft. RD1.5-zoned lot, the property also offers attractive future development potential. Additional highlights include ample parking for up to 10 vehicles with convenient alley access. Located in a high-demand rental market, this is a prime opportunity for savvy investors seeking immediate income and long-term upside. Serious buyers-only property is priced to sell and won't last! Drive-by only, subject to interior inspection

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

2

PRICE/UNIT

$324,500

CAP RATE

7.16%

% 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

Walter CastilloColdwell Banker CommercialMore Info
213-792-0940

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Walter CastilloColdwell Banker CommercialMore Info
213-792-0940

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