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234 N Burlington Avenue

Los Angeles (City), CA 90026
  • $2,795,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 23305505
$2,795,000
  • 14
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,950
    SQFT
  • $470
    $/SQFT
Type:
Multi-Family
Built:
2023
County:

School Ratings & Info

Listing Agent(s): Yohann Bensimon of Keller Williams Hollywood Hills (310-623-1300)


Description

We are pleased to introduce this prime investment asset newly built in 2022; a fully stabilized and cash flowing 4-unit townhouse complex adjacent to Echo Park optimized for a modern & functional rental lifestyle. 234 Burlington features (2) 4 Bed/4.5 Bath and (2) 3 Bed/3.5 Bath 2-story units consisting of large bedrooms with personal bathrooms & walk-in closets, in-unit washer & dryers, stainless steel appliances, balconies and private parking. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come in the Echo Park adjacent neighborhood that is experiencing tremendous growth and and influx of young professionals and families. Developments such as these are highly sought after in this highly active community already delivering high rents. Tenants pay all utilities and all units are individually metered.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143136551
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234 N Burlington Avenue Los Angeles (City), CA 90026

  • Price: $2,795,000
  • Status: Active
  • On Site: 17 Days
  • ID#: 23305505
14
Beds
0
Baths
0
½ Baths
0.14
Acres
5,950
SQFT
$470
$/SQFT
2023
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
We are pleased to introduce this prime investment asset newly built in 2022; a fully stabilized and cash flowing 4-unit townhouse complex adjacent to Echo Park optimized for a modern & functional rental lifestyle. 234 Burlington features (2) 4 Bed/4.5 Bath and (2) 3 Bed/3.5 Bath 2-story units consisting of large bedrooms with personal bathrooms & walk-in closets, in-unit washer & dryers, stainless steel appliances, balconies and private parking. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come in the Echo Park adjacent neighborhood that is experiencing tremendous growth and and influx of young professionals and families. Developments such as these are highly sought after in this highly active community already delivering high rents. Tenants pay all utilities and all units are individually metered.
Exterior Features

Architectural Style Modern Attached Garage YN No Direction Faces North Entry Level 1 Entry Location Ground Level W/Steps Open Parking Spaces 4 Parking Features AssignedCoveredDrivewayGaragePavedOne SpaceTandem Parking Total 8 View None View YN No

Interior Features

Appliances DishwasherDisposalGas OvenMicrowaveOvenRangeRefrigeratorRange HoodDryerWasher Cooling Central Air Cooling YN Yes Flooring Wood Heating Central Heating YN Yes Interior Features Recessed Lighting

Property Features

Association YN No Garage YN Yes Gross Income 199620 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 149694 New Construction YN Yes Security Features Carbon Monoxide Detector(S)Fire Detection SystemSmoke Detector(S) Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGasTrash CollectionWater Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Yohann Bensimon of Keller Williams Hollywood Hills (310-623-1300)