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694 Burlington Avenue, Los Angeles, CA 90057
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694 Burlington Avenue
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  • MLS#: SB25137279 ( Commercial/Residential )
  • Street Address: 694 Burlington Avenue
  • Viewed: 2
  • Price: $4,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1913
  • Bldg sqft: 0
  • Days On Market: 24
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90057
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Cameron Cameron
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 30319.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 15
Electric Expense
  1. 0.00
Fuel Expense
  1. 9373.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 22739.00
Laundry Features
  1. See Remarks
Levels
  1. Three Or More
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 287040.00
Newtaxesexpense
  1. 53750.00
Parcel Number
  1. 5142011013
Parking Features
  1. Garage
Pool Features
  1. None
Professionalmanagementexpense
  1. 30406.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 441233398:CRM
Totalexpenses
  1. 215537.00
Trash Expense
  1. 25865.00
Vacancyallowance
  1. 15544
Water Sewer Expense
  1. 59957.00
Water Source
  1. Public
Year Built
  1. 1913
Year Built Source
  1. Assessor
Zoning
  1. LAC2