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Additional details
Listed by Lauren Cearley • Myunits.com Inc.
$2,699,000
Est. payment /mo
6,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25018045
Originating Board California Regional MLS
Year Built 2023
Lot Size 6,000 Sqft
Property Sub-Type Fourplex
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
Rooms
Kitchen Dishwasher, Oven Range - Electric, Oven Range - Gas, Refrigerator
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Washer, Dryer, 9
Exterior
Parking Features Assigned Spaces
Garage Spaces 8.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Water District - Public
Others
Tax ID 5159009005
Special Listing Condition Not Applicable
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