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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 4,300,000
Est. payment /mo
Active
694 S Burlington Avenue Los Angeles, CA 90057
30,319 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 30,319 sqft
Price per Sqft $141
MLS Listing ID CRSB25137291
HOA Y/N No
Year Built 1913
Lot Size 0.517 Acres
Property Sub-Type Mixed Use
Source Datashare California Regional
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 master metered for gas and electric. 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
Fireplace No
Building
Water Public
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