6 Cash Flowing Units-5% Cap near Downtown LA! | 1446 S Burlington Ave
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6 Cash Flowing Units-5% Cap near Downtown LA! 1446 S Burlington Ave
6 Unit Apartment Building $1,295,000 ($215,833/Unit) 4.80% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Generous 7,302 square foot lot zoned RD1.5 – making it ripe with possibilities.
- Huge upside in rents!
- Two buildings encompassing an impressive 4,164 square feet
- Situated just minutes away from the bustling heart of Downtown Los Angeles
EXECUTIVE SUMMARY
Price just lowered! Six units available near Downtown Los Angeles! Featuring two 2-bedroom residences and four comfortable 1-bedroom apartments, this diverse property is an ideal find for astute investors looking for top rental prospects. Enter the renovated unit to discover its fresh laminate flooring, modern kitchen cabinets, recessed lighting, and updated bathroom - all sure to attract tenants! Encompassing two structures over 4,164 square feet on a generous 7,302 square foot lot with RD1.5 zoning, this estate presents a golden opportunity for profitable rental income and increased value. Elevate your real estate portfolio with this enchanting property that radiates Craftsman charm and sophistication at every turn. Don't miss out on this golden opportunity to make a lasting mark in the competitive real estate market - seize the moment and reap the rewards of this timeless investment!
PROPERTY FACTS
| Price | $1,295,000 | Apartment Style | Garden |
| Price Per Unit | $215,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.80% | Building Size | 4,164 SF |
| Gross Rent Multiplier | 13.29 | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Price | $1,295,000 |
| Price Per Unit | $215,833 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Gross Rent Multiplier | 13.29 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,164 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2023 |
| Parking Ratio | 0.96/1,000 SF |
UNIT AMENITIES
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 4 | - | - |
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Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (76)
ZONING
| Zoning Code | RD1.5 |
| RD1.5 |
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6 Cash Flowing Units-5% Cap near Downtown LA! | 1446 S Burlington Ave
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