234 N Burlington Ave, East LA
Echo Park Adj. Leased Fourplex
3/4 LEASED Echo Park Adj. 2023 luxury fourplex in outstanding location just minutes from Echo Park and walking distance to Glendale Blvd with tons of trendy restaurants and shops! This highly rentable double duplex is made up of two 4 bedroom, 3.5 bathroom units and two 3 bedroom, 3 bathroom units and feature modern glossy cabinetry, water proof/scratch proof luxury vinyl flooring, tons of balconies and open floor plans. Step into income on day 1 and enjoy at 5.54% cap rate and $203,220 in gross rent!
The Important
Details
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$2,795,000
Fourplex
Price Drop
4
2023
5.54%
13.75
$203,760/Year
4,798 sqft
6,000 sqft
$582.53
$698,750
2 x 4b/3.5b, 2 x 3b/3b
No
4 Garage Spots, 4 Exterior Spaces
3/4 LEASED, Trendy Echo Park Adj. Location
The Highlights
Outstanding STABILIZED cap rate of 5.49%! Cash cow.
Deliverd 75% leased!
ALL units leased now at market rents!
MASSIVE units with premium floorplans.
Multi-dimensional, architecturally impressive exterior.
Boasts ultra-high-end finishes and top-tier construction. This is not your typical new construction multi-unit!
Ideal unit mix of two 4 bedroom and two 3 bedroom units!
Minutes walking to Glendale Blvd with all of the trendy Echo Park hot spots!
All units separately metered for gas, electric AND water! Very low expenses!
Dream 1031 exchange opportunity.
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
The Neighborhood
<15-Minute Walk
Los Angeles City College, Sqirl, Courage Bagels, California Grill, Melody, KinKan LA, Bolita, Alma's Cider & Beer, Voodoo Vin, Maison Matho, The Peace Center Gym, El zarape Melrose, Bar Latino Tully's Coffee Big Mama's & Papa's Pizzeria, It’s Boba Time
<15-Minute Drive
Pine and Crane Silverlake, The RubyFruit, Millie's Café,
Bacari, Silver Lake Farmers Market, 33 Taps Silver Lake, Bar Moruno, Kitsune, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters, Bowery Bungalow, The Virgil, Akbar
<$15 Uber Ride
Pine and Crane Silverlake, The RubyFruit, Millie's Café,
Bacari, Silver Lake Farmers Market, 33 Taps Silver Lake, Bar Moruno, Kitsune, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters, Bowery Bungalow, The Virgil, Akbar
Contact
Lauren Cearley
213.302.8662
Property Presented By:
