$ 2,575,000
-
$2,575,000
Price -
14
Bed -
14
Bath -
4,798
SqFt
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About the Listing bH5345657 - BB42774,CLW-X92246
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 utility meters, and highly desirable finishes including in-unit washer/dryers, premium kitchens, and modern layouts designed to command top rents.
Listing Highlights for 234 N Burlington Ave
Interior Details
- Bedrooms: 14
- Bathrooms: 14 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Landscaped,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 8
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned
Financial Details
- Tax Amount: $30,884
- Taxes w/Assessments: N/A
- Tax/Property ID: 5159009005
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
234 N Burlington Ave Los Angeles, CA 90026
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