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$ 2,575,000
Est. payment | /mo
14 Beds
4,798 SqFt
$ 2,575,000
Est. payment | /mo
14 Beds
4,798 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,798 sqft
Price per Sqft $536
MLS Listing ID CRBB25250782
Bedrooms 14
HOA Y/N No
Year Built 2023
Lot Size 6,000 Sqft
Acres 0.14
Property Sub-Type Quadruplex
Property Description
234 N Burlington Ave | A Fully stabilized 2023 construction fourplex delivering a true 6.00% cap rate at $2,575,000. This rare income property offers immediate, predictable cash flow with zero lease-up risk: ideal for end-of-year and 1031 exchange buyers seeking strong returns in a core Los Angeles location. Each unit features modern 3- and 4-bedroom layouts with open floorplans, designer kitchens, in-unit laundry, and premium finishes that command top rents. Eight total parking spaces, separate utility meters, and all new systems ensure minimal operating costs and maximum efficiency. Located just blocks from Echo Park Lake, Silver Lake, and Downtown LA, the property attracts high-earning tenants and benefits from continued submarket growth driven by limited SB 8 supply and consistent rental demand. This is one of the few stabilized assets in LA offering verified 6% performance with clear long-term appreciation upside.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
View Y/N true
View Other
Total Parking Spaces 8
Building
Lot Description Landscaped
New Construction No
Others
Tax ID 5159009005
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Lauren Cearley • Myunits.com Inc.
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Patrick Nagel
REALTOR® | Lic# 1760790