694 S Burligton Ave, Los angeles, CA 90057

694 S Burligton Ave, Los angeles, CA 90057

  • 22530 sq ft
$4,300,000
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Basics

  • Date added: Added 2 weeks ago
  • Units: 10
  • Area, sq ft: 22530 sq ft

Description

  • Description:

    694 S Burlington Ave is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $134k/unit and $141/sqft. The property is currently operating at a 6.68% CAP and 8.30 GRM. There is still over 51% upside available once the property is stabilized. The property is master metered for gas and electric.

    The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1Bed+1Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are vacant, offering immediate upside in rental income.

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