161 S Burlington Avenue, Los Angeles, CA 90057
Local realty services provided by:ERA Excel Realty
161 S Burlington Avenue,Los Angeles, CA 90057
$4,670,000
- 18 Beds
- 14 Baths
- 6,874 sq. ft.
- Multi-family
- Active
Listed by: armin soleimani, julio ruiz
Office: global platinum properties, inc.
MLS#:25628853
Source:CRMLS
Price summary
- Price:$4,670,000
- Price per sq. ft.:$679.37
About this home
Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.25% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 8.5% 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, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.
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Home facts
- Year built:1950
- Listing ID #:25628853
- Added:62 day(s) ago
- Updated:February 16, 2026 at 02:19 PM
Rooms and interior
- Bedrooms:18
- Total bathrooms:14
- Living area:6,874 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1950
- Building area:6,874 sq. ft.
- Lot area:0.19 Acres
Finances and disclosures
- Price:$4,670,000
- Price per sq. ft.:$679.37
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