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Listed by: Julio Ruiz (818) 524-0706 DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$3,995,000
Monthly Est:$19,885
18 Beds
14 Baths
6,874sqft
161 S Burlington Ave, Los Angeles, CA 90057
$3,995,000
$19,885/moEst:
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Multi Family
Built in 1950
$-- HOA
8,286 sqft lot
$581/sq.ft
Description
Huge ~800k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 7.25% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.6% 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. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.
- Houzeo last checked: 6 minutes ago
- Listing updated: October 30, 2026 at 7:15 am
- Source: California Regional MLS-CA | MLS#: 26104100
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
26104100
MLS Status
Active
Days on Market
12
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 18
Bathrooms: 14
Interior
Heating
Wall Furnace
Utilities & Energy
Parking Features
Gated
Price History
| Date | Event | Price |
|---|---|---|
09/29/2026 Source: | Listed for Sale | $3,995,000 -1.36% $581/sqft |
08/31/2026 Source: | Price Change | $4,050,000 $589/sqft |
06/25/2026 Source: | Off Market | $4,050,000 -3.57% $589/sqft |
06/25/2026 Source: | Listed for Sale | $4,200,000 $611/sqft |
04/22/2026 Source: | Price Decreased | $4,200,000 -3.45% $611/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 04:45AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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