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694 S Burlington Ave
Los Angeles, CA 90057
Multifamily Property For Sale
·
32 Units
Investment Highlights
- Mixed Use 32-Unit building located in Pico Union (26 apartments, 6 commercial)
- Currently operated at a 6.68% CAP and 8.30 GRM
- (6) Commercial units broken down into (6) operational retail shops
- Priced at only $134k/unit and $141.83/sqft
- (13) Studio/1-Bath & (13) 1Bed+1Bath units - (2) Studio/1-Bath is currently vacant
- Conveniently located near Downtown Los Angeles, 10 and 110 Freeways
Property Facts
| No. Units | 32 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 30,319 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1913 |
| Zoning | C2, Los Angeles - Mixed Use - Apartments & Retail | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 30,319 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1913 |
| Zoning | C2, Los Angeles - Mixed Use - Apartments & Retail |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | 600 |
| 1+1 | 13 | - | 750 |
Property Taxes
| Parcel Number | 5142-011-013 | Improvements Assessment | $2,585,281 |
| Land Assessment | $564,841 | Total Assessment | $3,150,122 |
Property Taxes
Parcel Number
5142-011-013
Land Assessment
$564,841
Improvements Assessment
$2,585,281
Total Assessment
$3,150,122
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