REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Lauren Cearley • Myunits.com Inc.
$ 2,699,000
Est. payment /mo
Active
236 North Burlington Los Angeles, CA 90026
4,798 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,798 sqft
Price per Sqft $562
MLS Listing ID BB-25018045
Year Built 2023
Lot Size 6,000 Sqft
Property Sub-Type Quadruplex
Property Description
236 N Burlington St is a rare 2023 construction fourplex walking distance to the Echo Park Lake! This fully stabilized fourplex attracted A+ tenants quickly thanks to its ultra trendy location near Echo Park & Silver Lake and highly rentable floorplans. Moments on foot to Bloom & Plume Coffee, Tribal Cafe, Target on Temple, and so much more! With SB-8 in effect, new construction property inventory is at an all-time low- making it more important than ever to tie up these valuable properties as early as possible! 236 N Burlington is made up of two 4-bedroom, 3.5- bathroom units & two 3-bedroom, 3.5-bathroom units, all with incredibly spacious, open floorplans. The property boasts 8 parking spots (4 garage spaces & 4 exterior spaces) all accessed from a convenient back alley! This incredible project has an excellent stabilized cap rate of 5.53%! In addition to the high return, buyers will enjoy other notable perks including: a 1-year builder's warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. The units feature: washer and dryer in each unit, extremely spacious, open floor plans, and high quality finishes.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
Exterior
Parking Features Assigned
Garage Spaces 4.0
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer