694 S Burlington Avenue, Los Angeles, CA 90057 - Berkshire Hathaway HomeServices California Properties

Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
Phone: 949-768-1000
Fax: 949-587-0915

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Agent Remarks

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.

Listing Details

Property type: Mixed Use (Multi-Family)

Status: Active

MLS# SB25137279

List price is $4,300,000

Beds: 0

Baths: 0

Built in 1913

0.52 acres

Lot size: 0.5172

County: Los Angeles

Zoning: LAC2