Excellent Investment Opportunity Priced to Sell! Don’t miss this rare chance to own a high-performing income property near the heart of Downtown Los Angeles. This legal duplex, currently operating with six rental units, delivers consistent cash flow and strong rental demand. Sitting on a generous 8,007 sq. ft. RD1.5-zoned lot, the property also offers attractive future development potential. Additional highlights include ample parking for up to 10 vehicles with convenient alley access. Located in a high-demand rental market, this is a prime opportunity for savvy investors seeking immediate income and long-term upside. Serious buyers-only property is priced to sell and won’t last, current 7.16 Cap rate and 8.81 GRM!
Property Details
Price:
$649,000
MLS #:
25510019
Status:
Active
Baths:
0
Address:
1627 S Burlington Avenue
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Mar 11, 2025
State:
CA
ZIP:
90006
Lot Size:
8,007 sqft / 0.18 acres (approx)
Year Built:
1901
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Schools
Interior
Appliances
None
Cooling
None
Fireplace Features
None
Flooring
Carpet, Laminate
Heating
None
Exterior
Parking Features
Direct Garage Access
Parking Spots
10.00
Pool Features
None
Roof
Shingle
Security Features
Gated Community
Sewer
Other
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Map
Community
- Address1627 S Burlington Avenue Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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1627 S Burlington Avenue
Los Angeles, CA
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