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Listed by Lauren Cearley • Myunits.com Inc.
$2,575,000
Est. payment /mo
6,000 Sqft Lot
Active
234 N Burlington AVE Los Angeles, CA 90026
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25250782
Year Built 2023
Lot Size 6,000 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
234 N Burlington Ave | A Fully stabilized 2023 construction fourplex delivering a true 6.00% cap rate at $2,575,000. This rare income property offers immediate, predictable cash flow with zero lease-up risk: ideal for end-of-year and 1031 exchange buyers seeking strong returns in a core Los Angeles location. Each unit features modern 3- and 4-bedroom layouts with open floorplans, designer kitchens, in-unit laundry, and premium finishes that command top rents. Eight total parking spaces, separate utility meters, and all new systems ensure minimal operating costs and maximum efficiency. Located just blocks from Echo Park Lake, Silver Lake, and Downtown LA, the property attracts high-earning tenants and benefits from continued submarket growth driven by limited SB 8 supply and consistent rental demand. This is one of the few stabilized assets in LA offering verified 6% performance with clear long-term appreciation upside.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other
Exterior
Parking Features Assigned Spaces
Garage Spaces 8.0
Pool 31, None
View Local/Neighborhood
Building
Water District - Public
Others
Tax ID 5159009005
Special Listing Condition Not Applicable
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