236 N Burlington Ave
Los Angeles, CA 90026

Echo Park Adj. Leased Fourplex · Multifamily Property For Sale · 4 Units

INVESTMENT HIGHLIGHTS

  • Outstanding STABILIZED cap rate of 5.29%! Cash cow.
  • MASSIVE units with premium floorplans.
  • Boasts ultra-high-end finishes and top-tier construction. This is not your typical new construction multi-unit!
  • Delivered 100% leased!
  • Multi-dimensional, architecturally impressive exterior.
  • Ideal unit mix of two 4 bedroom and two 3-bedroom units!

EXECUTIVE SUMMARY

The 2-4 Unit Specialists are pleased to present 236 N Burlington St, a rare FULLY STABILIZED 2023 fourplex walking distance to the Echo Park Lake! This stabilized fourplex attracted A+ tenants quickly thanks to its ultra trendy location near Echo Park & Silver Lake. 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!
236 N Burlington is made up of two 4-bedroom, 4.5- bathroom units & two 3-bedroom, 3.5-bathroom units, all with incredibly spacious, open floorplans. The property boasts 8 parking spots (4 garage spaces and 4 exterior spaces) all accessed from a convenient back alley! This incredible project has an excellent stabilized cap rate of 5.29%!
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.

PROPERTY FACTS

Price Per Unit $698,750
Sale Type Investment
Cap Rate 5.29%
Gross Rent Multiplier 14.26
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Size 4,798 SF
Average Occupancy 100%
No. Stories 2
Year Built 2023
Parking Ratio 1.67/1,000 SF

UNIT AMENITIES

  • Balcony
  • Dishwasher
  • Microwave
  • Refrigerator
  • Range
  • Tub/Shower
  • Double Pane Windows
  • Handrails
  • Instant Hot Water

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+3.5 2 $4,173 1,310
3+3 2 $3,995 1,089

ZONING

Zoning Code LARD1.5
  • Listing ID: 34618447

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 236 N Burlington Ave, Los Angeles, CA 90026