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.
Description
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.
Listing Details
- Cap Rate
5.56%
- Space Type
multifamily
- Sub Category
apartments-building
- Date Listed
2/6/2026
- Net Operating Income
$52,850
Property Specifics
- Property Name
251 N Burlington Ave
- No of Buildings
2
- No of Units
5
- Year Built
1903
- Building Size
4,474 SF
- Lot Size
6,001 SF
- Zoning
LARD1.5
- Occupancy
100%