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694 S Burlington Ave
694 S Burlington Ave, Los Angeles, CA 90057
Available Now
$4,125,000
51 views
1 / 2
FOR SALEMultifamily / Apartments Building
Cap Rate
7.01%
Building Size
30,319SF
APN
5142-011-013
Lot Size
0.25ac
Year Built
1913
Zoning
C2,
Listing Contacts
More property details
Currently Leased
No
Sale Type
Investment Sale
Property Class
C
No of Stories
3
Units
32
Features & amenities
Unit Amenities
Central Heating
Refrigerator
Microwave
Kitchen
24 Hour Access
Location Amenities
Airport
Commuter Rail
Metro/Subway
Location
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694 S Burlington Ave
About the location
694 S. Burlington Avenue is a 32-unit mixed-use property located in the Pico Union neighborhood. Encompassing approximately 30,319 square feet, the asset is attractively priced at just $128,000 per unit and $136 per square foot. The property is currently operating at a 7.01% cap rate with a 7.96 GRM, and offers more than 51% upside potential upon stabilization. Gas and electric utilities are individually metered.