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234 N Burlington Ave, East LA

Echo Park Adj. Fully Leased Fourplex

100% LEASED Echo Park Adj. 2023 luxury fourplex in outstanding East LA just minuted 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 5.14% cap rate and $199,620 in gross rent!

The Important
Details

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$2,895,000

Fourplex

Pre-Market

4

2023

5.14%

14.50

$199,620/Year

4,798 sqft

6,000 sqft

$603.38

$723,750

2x 4b/3.5b, 2x 3b/3b

No

8 Exterior Spaces

100% LEASED NOW, Trendy Echo Park Adj. Location

The Highlights

  • Outstanding STABILIZED cap rate of 5.14%! Cash cow.

  • Deliverd 100% 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

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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