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234 N Burlington Avenue
Los Angeles, CA 90026
Residential Multi Family (Quadruplex)
0.14 Acres
4798 Sqft Living Area
14 Bedrooms
14 Bathrooms (12 Full, 2 Half)
Year Built: 2023
$2,894,900
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Property Description
The 2-4 Unit Specialists are pleased to present 234 N Burlington St, a rare 2023 construction fourplex walking distance to the Echo Park Lake! This fully stabilized fourplex attracted A+ tenants quickly thanks to its ultra trendy location near Echo Park & Silver Lake and highly rentable floorplans. Moments on foot to Bloom & Plume Coffee, Tribal Cafe, Target on Temple, and so much more! With SB-8 in effect, new construction property inventory is at an all-time low- making it more important than ever to tie up these valuable properties as early as possible! 234 N Burlington is made up of two 4-bedroom, 3.5- bathroom units & two 3-bedroom, 3.5-bathroom units, all with incredibly spacious, open floorplans. The property boasts 8 parking spots (4 garage spaces & 4 exterior spaces) all accessed from a convenient back alley! This incredible project has an excellent stabilized cap rate of 5.28%! In addition to the high return, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. The units feature: washer and dryer in each unit, extremely spacious, open floor plans, and high quality finishes.
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Contact Details
Name: Elizabeth Maddox
Email: elizabeth@myunits.com
MLS Listing Id: BB24115420
Agent Phone: (818) 850-8485
List Agent License: 01921425
Office Name: Myunits.com Inc.
Office Phone: (818) 859-7242
Office MLS Id: BH5345657
Listing Status: Active
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
