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694 S Burlington Ave
Los Angeles, CA 90057 MacArthur Park

$3,900,000 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
Zoning C2, Los Angeles

100 Transit Score

90 Walk Score

                
                    Highlights
                
                                $3.9M for a 32-unit mixed-use asset in Pico Union, priced at only $121,875/unit and approximately $128.63/SF on a massive 30,319 SF building.
                            
                                Strong in-place income with a 7.44% current cap rate, 7.25 GRM, and over $290,000 current NOI.
                            
                                Major upside with projected market income of $839,606/year, pushing the asset to a 14.79% market cap and 4.65 market GRM.
                            
                                Rare mixed-use income stream with 26 residential units and 6 retail spaces, creating diversified cash flow from both apartment and commercial tenants.
                            
                                Immediate value-add opportunity with 56% rental upside, plus vacant studio units that can be leased right away to boost income.

Property Flyers

OM - 694 S Burlington Ave Final

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	6 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	26 min	-	14.1 mi
Los Angeles International	26 min	-	18.1 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