694 S Burlington Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90057
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 30,319 sqft
Price per Sqft $141
MLS Listing ID CRSB25137279
Year Built 1913
Lot Size 0.517 Acres
Property Sub-Type Other
Property Description
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 individually metered for gas and electricity. 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.
Location
State CA
County Los Angeles
Interior
Laundry See Remarks