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Listed by: Armin Soleimani (310) 666-2246 DRE #01846872, Julio Ruiz DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$4,795,000
18 Beds
14 Baths
6,874sqft
161 S Burlington Ave, Los Angeles, CA 90057
$4,795,000
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Multi Family
Built in 1950
$-- HOA
8,286 sqft lot
$698/sq.ft
Description
Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 8.2% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. La...
Continue Reading- Houzeo last checked: 10 Minutes ago
- Listing updated: December 16, 2025 at 1:54 am
- Source: California Regional MLS-CA | MLS#: 25628853
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
6,874 sqft
Lot Size
8,286 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25628853
MLS Status
Active
Days on Market
4
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