Coldwell Banker Home Source Logo
New Listing
$4,050,000
 $21,741 est/mo Sourced by Back At You

161 S Burlington Avenue,Los Angeles, CA 90057

Los Angeles, CA 90057

Share:

PreviousNext

Description

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.

Details

MLS #26925555
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site2
Listing Provided ByGlobal Platinum Properties, Inc. | Armin Soleimani

Features

Bed(s)18
Bath(s)14
SQ Feet6,874
Story(s)2
Units14
Building(s)1
ZoningLAR4
Acreage0.19

Interior

HeatingWall Furnace
Heating Yes / NoYes

Parking

Parking FeaturesGated

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$4,050,000
low | high
Med:
$503,420
100% of Average
sqft:
6,874
low | high
Med:
986
100% of Average
$ / sqft:
$589
low | high
Med:
$512
63.176190731472% of Average
On site:
2
low | high
Med:
42.5
4.705882352941% of Average
Sourced by Back At You

Market Activity 90057

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$4,050,000
low | high
Med:
$503,420
100% of Average
sqft:
6,874
low | high
Med:
986
100% of Average
$ / sqft:
$589
low | high
Med:
$512
63.176190731472% of Average
On site:
2
low | high
Med:
42.5
4.705882352941% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $3.37M - $5.62M
sqft: 5,000 - 8,500
Nearby Listings Property ImageNearby Listings Details
229 S Westlake Avenue Property Photo 1
$1,750,000
229 S Westlake Avenue
Los Angeles, CA 90057
151 S Mountainview Avenue Property Photo 1
$2,395,000
151 S Mountainview Avenue
Los Angeles, CA 90057
Listing Updated: August 31, 2026 at 5:27:23 PM PDT

Coldwell Banker Home Source

Real Estate Links Our Domains