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 5.78%! 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.
Property Details
Price:
$2,599,000
MLS #:
BB25018045
Status:
Active
Baths:
0
Address:
236 N Burlington
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Jan 19, 2025
State:
CA
ZIP:
90026
Lot Size:
6,000 sqft / 0.14 acres (approx)
Year Built:
2023
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Schools
Interior
Appliances
Dishwasher, Electric Range, Gas Range, Refrigerator
Cooling
Central Air
Heating
Central
Laundry Features
Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
Exterior
Community Features
Sidewalks
Parking Features
Assigned
Parking Spots
8.00
Financial
Taxes
$32,372
Map
Community
- Address236 N Burlington Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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236 N Burlington
Los Angeles, CA
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