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251 N Burlington Ave 5 Unit Apartment Building $975,000 ($195,000/Unit) 5.39% Cap Rate Los Angeles, CA 90026
INVESTMENT HIGHLIGHTS
- Solid Echo Park Location
- Excellent Rental Upside Potential (+70%)
- Lush Landscaping in Front Yard
- Streamlined Unit Mix - All Two-Bedroom Units
- On-Site Parking in Rear Lot
- Long-Term Owner - First Time on the Market in 30+ Years
EXECUTIVE SUMMARY
This well-located Echo Park multifamily property offers a rare investment opportunity with substantial upside. The property is hitting the market for the first time in over 30 years. The building features a streamlined unit mix of all two-bedroom units. Gated and secure with full on-site parking in the rear, the lot also boasts lush front yard landscaping and strong curb appeal. The rear parking area presents excellent potential for ADU development under SB1211, supported by convenient alley access. Surrounded by ongoing and completed developments, the property is also just steps from major commercial corridors like Beverly Blvd, Temple St, and Alvarado St, placing it in a high-demand, rapidly evolving neighborhood.
With its solid location, over 70% rental upside, and strong potential for added value through ADU development, this property offers a rare opportunity for investors to capitalize on one of LA’s most dynamic and fast-growing rental markets.
With its solid location, over 70% rental upside, and strong potential for added value through ADU development, this property offers a rare opportunity for investors to capitalize on one of LA’s most dynamic and fast-growing rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $975,000 | Property Subtype | Apartment |
| Price Per Unit | $195,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.39% | Building Size | 4,474 SF |
| Gross Rent Multiplier | 10.94 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1903 |
| Property Type | Multifamily | ||
| Zoning | LARD1.5 - Residential | ||
| Price | $975,000 |
| Price Per Unit | $195,000 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 10.94 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 4,474 SF |
| No. Stories | 2 |
| Year Built | 1903 |
| Zoning | LARD1.5 - Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
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251 N Burlington Ave
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