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1350 S Burlington Ave - Burlington Villas -12 Units | 5.09% CAP Rate 12 Unit Apartment Building Offered at $1,600,000 at a 5.09% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- First Time on Market in Over 45 Years
- Tremendous Rental Upside – 7.96 GRM and 8.86% CAP at Market
- Mostly Copper Plumbing
- Fantastic Cost per Unit - $133K
- Major Roof Upgrades in 2024/2025
- 6 On-Site Parking Spaces
EXECUTIVE SUMMARY
Jonathan Prakash of Equity Union Commercial presents an exceptional value-add opportunity located at 1350 S. Burlington Avenue. This 1950 asset is already performing at an 11.56 GRM and 5.09% CAP, with a clear path to a 7.96 GRM and 8.86% CAP—a rare upside spread in this submarket.
The property benefits from major roof repairs, mostly copper plumbing, and six on-site parking spaces.
This is an ideal play for investors seeking meaningful rent upside, solid in-place numbers, and a straightforward value-add opportunity in a high-demand rental corridor.
The property benefits from major roof repairs, mostly copper plumbing, and six on-site parking spaces.
This is an ideal play for investors seeking meaningful rent upside, solid in-place numbers, and a straightforward value-add opportunity in a high-demand rental corridor.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$138,441
|
$27.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,920
|
$0.78
|
| Effective Gross Income |
$134,521
|
$26.69
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$53,052
|
$10.53
|
| Net Operating Income |
$81,469
|
$16.16
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $138,441 |
| Annual Per SF | $27.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,920 |
| Annual Per SF | $0.78 |
| Effective Gross Income | |
|---|---|
| Annual | $134,521 |
| Annual Per SF | $26.69 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $53,052 |
| Annual Per SF | $10.53 |
| Net Operating Income | |
|---|---|
| Annual | $81,469 |
| Annual Per SF | $16.16 |
PROPERTY FACTS
| Price | $1,600,000 | Property Type | Multifamily |
| Price Per Unit | $133,333 | Building Size | 5,040 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 5.09% | Year Built | 1950 |
| Gross Rent Multiplier | 11.56 | Parking Ratio | 1.19/1,000 SF |
| No. Units | 12 |
| Price | $1,600,000 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Gross Rent Multiplier | 11.56 |
| No. Units | 12 |
| Property Type | Multifamily |
| Building Size | 5,040 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.19/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (77)
Bike Score®
Very Bikeable (75)
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1350 S Burlington Ave - Burlington Villas -12 Units | 5.09% CAP Rate
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