161 S Burlington Avenue, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
161 S Burlington Avenue,Los Angeles, CA 90057
$4,200,000
  • 18 Beds
  • 14 Baths
  • 6,874 sq. ft.
  • Multi-family
  • Active
Listed by: julio ruiz, armin soleimani
Office: global platinum properties, inc.424-394-1030
MLS#:26783621
Source:CRMLS

Price summary

  • Price:$4,200,000
  • Price per sq. ft.:$611

About this home

Huge ~600k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.75% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.4% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery,...

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Home facts

  • Year built:1950
  • Listing ID #:26783621
  • Added:61 day(s) ago
  • Updated:June 23, 2026 at 10:49 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:14
  • Living area:6,874 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1950
  • Building area:6,874 sq. ft.
  • Lot area:0.19 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$4,200,000
  • Price per sq. ft.:$611

Parking

  • Total parking spaces:6
  • Parking description:Gated
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