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161 S Burlington Ave
Los Angeles, CA 90057 Westlake North

$4,795,000 USD

Apartments For Sale • 6,874 SF

Property Details

Property Type Apartments
Total Building Size 6,874 SF
Lot Size 0.19 AC
Building Class B
Year Built 1950
Cap Rate 6.06 %
Zoning R4, Los Angeles

72 Transit Score

90 Walk Score

                
                    Highlights
                
                                Fully renovated 14-unit apartment building with immediate 6%cap rate income.
                            
                                Plans to add 8 detached ADUs, increasing projected cap rate to 8.2% after construction (~$775k).
                            
                                All units renovated with high-end finishes, modern appliances, and updated major systems; 8 one-bed and 4 two-bed units.
                            
                                Located on a large 8,283 SF R4-1 lot in trendy Filipino Town, near Echo Park, Silverlake, DTLA.
                            
                                Prime neighborhood with development potential and access to popular local amenities, restaurants, and shops.

Property Flyers

Burlington OM

Cap Rate:

6.06 %

Amenities

24 Hour Access
Fenced Lot
Gated
Heating
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	2.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	2.8 mi
Transit/Subway	Drive	Walk	Distance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Bob Hope	23 min	-	13.3 mi
Los Angeles International	26 min	-	14.9 mi
Long Beach (Daugherty Field)	33 min	-	23.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Covered
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

161 S Burlington Ave Los Angeles, CA 90057 Westlake North