234 Burlington Avenue

Los Angeles, CA 90026

$2,895,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $603 / sqft

2023

calendar_month Built

Property Description

234 N Burlington St is a rare 2023 construction fourplex walking distance to the Echo Park Lake! This fully stabilized fourplex attracted A+ tenants quickly thanks to its ultra trendy location near Echo Park & Silver Lake and highly rentable floorplans. Moments on foot to Bloom & Plume Coffee, Tribal Cafe, Target on Temple, and so much more! With SB-8 in effect, new construction property inventory is at an all-time low- making it more important than ever to tie up these valuable properties as early as possible! 234 N Burlington is made up of two 4-bedroom, 3.5- bathroom units & two 3-bedroom, 3.5-bathroom units, all with incredibly spacious, open floorplans. The property boasts 8 parking spots (4 garage spaces & 4 exterior spaces) all accessed from a convenient back alley! This incredible project has an excellent stabilized cap rate of 5.14%! In addition to the high return, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. The units feature: washer and dryer in each unit, extremely spacious, open floor plans, and high quality finishes.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Vinyl
Fireplace Information
Features None
Interior Information
Features Balcony
Cooling Type Central Air

Listing Information

Address 234 Burlington Avenue
City Los Angeles
State CA
Zip 90026
County Los Angeles
Listing Agent Elizabeth Maddox DRE#01921425
Co-Listing Agent Isaac Davidi DRE#01819489
Courtesy Of Myunits.com Inc.
MLS BB24115420
List Price $2,895,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 6,000
Year Built 2023
DOM 2

Exterior Information

Maps

Listing information courtesy of: Elizabeth Maddox, Isaac Davidi, Myunits.com Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 29th, 2024 at 6:31 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.