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259 N Burlington Ave
Los Angeles, CA 90026
62% Vacant near Echo Park, 6.14% CAP · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Priced to sell! Strong CAP Rate of about ±5.70% and ±8.40% Proforma CAP Rate
- Brand New 2B + 1B ADU recently built (Non-Rent-Control - buyer to verify) & deliverable vacant.
- Soft Story Retrofit has been completed! 5 Renovated Units have been upgraded with Stainless Steel Appliances, Counter Tops, Flooring, Brand New AC
- 62% VACANT! 5 out of 8 units have been fully upgraded and will be delivered vacant
- STRONG Historic Filipino Town Rental Submarket! Perfectly adjacent to Echo Park Lake, East Hollywood, Koreatown, Silverlake, Chinatown and Downtown
- Walk Score of 86 (Very Walkable) & Transit Score of 66 (Good Transit)
Property Facts
| No. Units | 8 | Building Size | 5,031 SF |
| Property Type | Multifamily | Average Occupancy | 38% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2024 |
| Building Class | C | Parking Ratio | 0.8/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | RD1.5 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,031 SF |
| Average Occupancy | 38% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | RD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+2 | 2 | - | - |
Property Taxes
| Parcel Number | 5159-006-028 | Improvements Assessment | $557,134 |
| Land Assessment | $899,946 | Total Assessment | $1,457,080 |
Property Taxes
Parcel Number
5159-006-028
Land Assessment
$899,946
Improvements Assessment
$557,134
Total Assessment
$1,457,080
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