CA > Los Angeles
Los Angeles, CA 90057,694 S Burlington AVE
Los Angeles, CA 90057,694 S Burlington AVE
Los Angeles, CA 90057,694 S Burlington AVE
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$3,975,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25223796

HOA Y/N No

Year Built 1913

Property Sub-Type Retail

Property 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 $124k/unit and $131/sqft. The property is currently operating at a 7.22% CAP and 7.67GRM. There is still over 51%+ upside available once the property is stabilized. The property is individually metered for gas and electric. The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1-Bed+1-Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are being delivered vacant, offering immediate upside in rental income. 694 S Burlington Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Fireplace No

Laundry See Remarks

Building

Lot Description 0-1 Unit/Acre

Story 3

Water Public

Others

Tax ID 5142011013

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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