236 N Burlington, Los Angeles, CA 90026 - MLS#BB25018045

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,599,000

Est. payment | -/mo

14 Beds

14 Baths

Save Virtual Tour

$ 2,599,000

Est. payment | -/mo

Save Virtual Tour

14 Beds

14 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25018045

Bedrooms 14

Property Sub-Type Res Income 2-4 Units

Property Description

236 N Burlington St is 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! 236 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 5.78%! In addition to the high return, buyers will enjoy other notable perks including: a 1-year builders 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.

Location

State CA

County Los Angeles

Zoning Builder

Direction Just South of the 101 between Beverly Blvd & W Court St.

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5159009005

Virtual Tour https://www.myunits.com/buy/236burlington

Listed by Lauren Cearley Myunits.com Inc.

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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236 N Burlington Los Angeles, CA 90026