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Listed by: Cameron Samimi DRE #02035763, Christopher Bald DRE #01909867 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$3,975,000
2 Beds
- 6 Baths
--sqft
694 S Burlington Ave, Los Angeles, CA 90057
$3,975,000
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Mixed Use
Built in 1913
$-- HOA
22,530 sqft lot
--/sqft
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 $124k/unit and $131/sqft. The property is currently operating at a 7.22% CAP and 7.67GRM. There is still over 51%+ upside available once the property is stabilized. The property is individually metered for gas and electric.
The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1-Bed+1-Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are being delivered vacant, offering immediate upside in rental income.
694 S Burlington Ave is conveniently located just minutes from Downt...
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1913
HOA Fees
-
Finished Area
- sqft
Lot Size
22,530 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB25223742
MLS Status
Active
Days on Market
87
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