Multi-Family for sale in Southern California — $4,200,000. 18 beds · 14 baths · 6,874 sqft. Huge ~600k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.75% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.4% Cap Rate a…
$4,200,000
161 S Burlington Avenue, Los Angeles, CA 90057
Huge ~600k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.75% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.4% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.
Listing updated: July 3, 2026 at 12:22 AM
Listed by: Julio Ruiz, Global Platinum Properties, Inc.
Source: CRMLS, MLS#: 26852471, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/25/2026 Source: CRMLS, #26852471 | Listed for sale | $4,200,000$611/sqft |
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