Properties
Los Angeles, CA 90026 234 N Burlington Avenue
$2,575,000
28 more
Presented By: Lauren Cearley with Myunits.com Inc.; 213-302-8662
Full/Half Baths • 3 / 1
SQFT • 4,798
Garage • 4
Home Details
234 N Burlington Ave | A Fully stabilized 2023 construction fourplex delivering a true 6.00% cap rate at $2,575,000. This rare income property offers immediate, predictable cash flow with zero lease-up risk: ideal for end-of-year and 1031 exchange buyers seeking strong returns in a core Los Angeles location.
Each unit features modern 3- and 4-bedroom layouts with open floorplans, designer kitchens, in-unit laundry, and premium finishes that command top rents. Eight total parking spaces, separate utility meters, and all new systems ensure minimal operating costs and maximum efficiency.
Located just blocks from Echo Park Lake, Silver Lake, and Downtown LA, the property attracts high-earning tenants and benefits from continued submarket growth driven by limited SB 8 supply and consistent rental demand. This is one of the few stabilized assets in LA offering verified 6% performance with clear long-term appreciation upside.
Presented By: Lauren Cearley with Myunits.com Inc.; 213-302-8662
Interior Features for 234 N Burlington Avenue
Other Interior Features
Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 234 N Burlington Avenue
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6
CityLos Angeles
Community FeaturesSidewalks
CoolingCentral Air
CountyLos Angeles
DirectionsJust minutes from the 101, 110, and 5 Freeways, 234 N Burlington offers renters unbeatable access to Downtown LA, Echo Park, and Silver Lake’s job centers, schools, and lifestyle amenities, making it a prime investment location with strong demand.
ElectricStandard
Electric Expense750
Entry Location1
Fuel Expense
Garage Spaces4
Garage Y/NYes
Gross Income196020
HeatingCentral
Insurance Expense1919
Land Lease Y/NNo
LevelsTwo
Listing TermsSubmit
Lot Size Square Feet6000
Lot Size UnitsSquare Feet
MLS AreaC21 - Silver Lake - Echo Park
MaintenanceExpense1000
Net Operating Income154586
New ConstructionYes
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces4
Operating Expense3554
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount30884
Tax Lot15
Taxes$30,884
Tenant PaysAll Utilities
Total Actual Rent16335
Trash Expense0
ViewNeighborhood
Virtual TourClick here
Water Sewer Expense0
Year Built2023
Year Built SourceBuilder
ZoningLARD1.5
Exterior for 234 N Burlington Avenue
Building Area Total4798
Lot FeaturesLandscaped
Lot Size Acres0.1377
Lot Size Area6000
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters4
Number of Separate Water Meters4
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking8
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
