234 N Burlington Avenue, Los Angeles, CA 90026

Local realty services provided by:ERA North Orange County Real Estate
234 N Burlington Avenue,Los Angeles, CA 90026
$2,575,000
  • - Beds
  • - Baths
  • 4,798 sq. ft.
  • Multi-family
  • Active
Listed by:lauren cearley
Office:myunits.com inc.
MLS#:BB25199178
Source:CRMLS

Price summary

  • Price:$2,575,000
  • Price per sq. ft.:$536.68

About this home

234 N Burlington St is a rare FULLY STABILIZED 2023 fourplex delivering a strong 5.99% cap rate, just steps from Echo Park Lake—perfect for 1031 exchange buyers seeking turnkey income in one of LA’s hottest rental markets. This new construction fourplex leased immediately to A+ tenants thanks to its ultra-trendy location near Echo Park & Silver Lake, with Bloom & Plume Coffee, Tribal Café, Target, and countless dining and lifestyle options just blocks away. With SB-8 limiting new inventory, stabilized assets like this are increasingly hard to secure. The property features two 4-bed/4.5-bath units and two 3-bed/3.5-bath units with spacious open floorplans, plus 8 total parking spaces (4 garage + 4 surface) accessed via a rear alley. Fully leased, it delivers a strong 5.99% cap rate and offers 1031 investors both immediate income and long-term appreciation. Buyers will also enjoy a 1-year builder’s warranty, brand-new systems with little to no maintenance, separate

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Home facts

  • Year built:2023
  • Listing ID #:BB25199178
  • Added:1 day(s) ago
  • Updated:September 05, 2025 at 09:24 PM

Rooms and interior

  • Living area:4,798 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:2023
  • Building area:4,798 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,575,000
  • Price per sq. ft.:$536.68
  • Tax amount:$30,884
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