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251 N Burlington Ave
251 N Burlington Ave, Los Angeles, CA 90026
Available Now
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FOR SALEMultifamily / Apartments Building
Cap Rate
5.56%
NOI
$52,850
Building Size
4,474SF
Lot Size
6001SF
Year Built
1903
Zoning
LARD1.5
Listing Contacts
More property details
Occupancy
100%
Currently Leased
No
No of Buildings
2
Units
5
Location
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251 N Burlington Ave
About the location
Marcus & Millichap is pleased to present a five-unit apartment property located at 251 N Burlington Avenue in Los Angeles, California. The subject property is situated in a solid Echo Park location, north of Beverly Boulevard and east of Alvarado Street, within a highly desirable and evolving residential corridor.
Location highlights
- This well-positioned Echo Park multifamily asset presents a rare opportunity with significant upside and is being offered for the first time in more than 30 years. The building features an efficient all–two-bedroom unit mix, aligning with strong tenant demand. The gated and secure property offers full on-site parking at the rear, lush front yard landscaping, and excellent curb appeal. The rear parking area provides outstanding potential for ADU development under SB 1211, further supported by convenient alley access.
- Surrounded by both completed and ongoing development, the property benefits from immediate proximity to major commercial corridors including Beverly Boulevard, Temple Street, and Alvarado Street, placing it within a high-demand neighborhood experiencing continued growth. With more than 70% rental upside and compelling ADU potential, this offering represents a strong value-add opportunity in one of Los Angeles’ most dynamic rental markets.