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694 S Burlington Ave
Los Angeles, CA 90057 MacArthur Park

$4,125,000 USD

Apartments For Sale • 30,319 SF

Property Details

Property Type Apartments
Total Building Size 30,319 SF
Lot Size 0.25 AC
Building Class C
Year Built 1913
Cap Rate 7.01 %
Zoning C2, Los Angeles

87 Transit Score

97 Walk Score

                
                    Highlights
                
                                Mixed Use 32-Unit building located in Pico Union (26 apartments, 6 commercial)
                            
                                Priced at only $134k/unit and $141.83/sqft
                            
                                Currently operated at a 6.68% CAP and 8.30 GRM
                            
                                (13) Studio/1-Bath & (13) 1Bed+1Bath units - (2) Studio/1-Bath is currently vacant
                            
                                (6) Commercial units broken down into (6) operational retail shops
                            
                                Conveniently located near Downtown Los Angeles, 10 and 110 Freeways

Property Flyers

OM_ 694 Burlington

Financial Summary (Actual)

Net Operating Income: $287,224 USD (2024)

Cap Rate:	7.01 %
Total Expenses:	$215,537 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Buba Video
Compu Mart
Nueva Mundo Market

Amenities

24 Hour Access
Tenant Controlled HVAC
Heating
On-Site Retail
Smoke Free
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.9 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))	10 min	-	3.1 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))	1 min	7 min	0.3 mi
7th Street/Metro Center Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro), Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	13.9 mi
Los Angeles International	25 min	-	14.5 mi
Long Beach (Daugherty Field)	32 min	-	23.2 mi

Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate

694 S Burlington Ave Los Angeles, CA 90057 MacArthur Park