1627 S Burlington Avenue, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1627 S Burlington Avenue,Los Angeles, CA 90006
$999,800
- 7 Beds
- 6 Baths
- 2,780 sq. ft.
- Multi-family
- Active
Listed by:vinnie park
Office:keller williams larchmont
MLS#:25585009
Source:CRMLS
Price summary
- Price:$999,800
- Price per sq. ft.:$359.64
About this home
Don't miss this rare chance to own a high-performing income property with immediate upside near the heart of Downtown Los Angeles. This legal duplex has been improved with five legally converted bedrooms into independent units per LADBS, effectively operating as seven existing units in total two 1-bedroom units and five studios. This would be a two-family and five guest room dwelling, with R Occupancy per the Cirtificate of Occupancy by City of Los Angeles. The property already delivers strong rental demand and consistent cash flow, with five units to be delivered vacant offering investors immediate flexibility for lease-up, repositioning, or redevelopment. It sits on a generous 8,007 sq. ft. RD1.5-zoned lot and comes with RTI plans for four additional units, allowing investors to unlock the full potential of the huge backyard with wide alley access. Once completed, the four ADUs are expected to generate approximately $10,000 per month in additional rental income, creating a powerful long-term value-add opportunity while benefiting from the property's existing income stream.Investment highlights include an attractive CURRENT 8.4% CAP rate and 8.8 GRM, with ample parking for up to 10 vehicles via alley access in the rear parking area. Located in a high-demand rental market near DTLA, USC, and major freeways, this property offers a rare combination of immediate income, development upside, and strong projected returns. With RTI plans in place, legal conversions completed, multiple vacancies, and significant future income potential, this property is truly priced to sell and will not last. Rendering images are for illustrative purposes only and may not reflect the current property or finished product.
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Home facts
- Year built:1901
- Listing ID #:25585009
- Added:59 day(s) ago
- Updated:October 28, 2025 at 01:28 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:6
- Living area:2,780 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1901
- Building area:2,780 sq. ft.
- Lot area:0.18 Acres
Finances and disclosures
- Price:$999,800
- Price per sq. ft.:$359.64
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