About 161 S Burlington Avenue
Huge ~750k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 7% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.75% 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.
Features of 161 S Burlington Avenue
| MLS® # | 26925555 |
|---|---|
| Price | $4,050,000 |
| Bedrooms | 16 |
| Bathrooms | 12.00 |
| Square Footage | 6,874 |
| Acres | 0.19 |
| Year Built | 1950 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 161 S Burlington Avenue |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90057 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Gated |
| Garages | Gated |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Has Basement | No |
| Fireplace | No |
| Stories | Two |
Additional Information
| Date Listed | August 31st, 2026 |
|---|---|
| Days on Market | 11 |
| Zoning | LAR4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Armin Soleimani |
|---|---|
| Office | Global Platinum Properties, Inc. |