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942 S Burlington Ave
Los Angeles, CA 90006 Pico-Union

$2,650,000 USD

Apartments For Sale • 9,186 SF

Property Details

Property Type Apartments
Total Building Size 9,186 SF
Lot Size 0.19 AC
Building Class C
Year Built 1964
Cap Rate 6.22 %
Zoning LAR4

90 Transit Score

80 Walk Score

                
                    Highlights
                
                                Strategic 16-Unit Multifamily Asset: 1960s low-rise featuring a desirable unit mix of twelve (12) studio units and four (4) spacious one-beds.
                            
                                Rental Upside: Positioned in a high-demand rental corridor, allows investors to capture market-rate premiums through strategic renovations.
                            
                                Transit-Oriented Location (96 Walk Score): Situated blocks from the Westlake/MacArthur Park Metro Station, offering access to DTLA and Koreatown.
                            
                                High-Density LAR4 Zoning: Situated on 8,222 SF lot zoned LAR4, offering long-term density advantages and development potential in a Tier 3 TOC area.
                            
                                Exceptional Parking & Utilities: Features fifteen (15) rare subterranean parking spaces and is separately metered for both gas and electricity.
                            
                                Maintenance & Upgrades: Recent capital improvements including electrical subpanel replacements and plumbing updates ensure operational efficiency.

Financial Summary (Actual)

Net Operating Income: $164,901 USD (2026)

Cap Rate:	6.22 %
Total Expenses:	$91,175 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	3.1 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	-	3.3 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	12 min	0.6 mi
Airport	Drive	Walk	Distance
Los Angeles International	24 min	-	13.9 mi
Bob Hope	24 min	-	14.0 mi
Long Beach (Daugherty Field)	31 min	-	22.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Covered
Included in Rent:	Yes

Henry Garcia 818-309-3935 Pivot Commercial

942 S Burlington Ave Los Angeles, CA 90006 Pico-Union