Samimi CRE Advisors
    Listings/694 S Burlington Ave
    694 S Burlington Ave - Photo 1
    multifamilyActive Listing

    694 S Burlington Ave

    Los Angeles, CA 90057

    Valuation

    $3,775,000

    Key Specifications

    Total Units

    32

    multifamily

    Year Built

    1913

    Heritage Asset

    Interior

    30,319 SF

    $125 / SF

    Lot Area

    9,806 SF

    Unit Mix

    multifamily

    13x Studio/1-Bath, 13x 1-Bed/1-Bath, 6x Retail

    Investment Highlights

    32-unit mixed-use building in Westlake neighborhood of Los Angeles
    Offered at $117,969/unit and $124/SF, creating a rare opportunity to acquire significant scale
    Current 8.02% CAP and 7.02 GRM with over $290,000 in NOI
    Projected 15.77% CAP and 4.50 GRM at market rents, with 56% rental upside remaining
    Individually metered for gas and electric; all power upgraded
    Two studio units delivered vacant for immediate renovation and market rent capture

    Property Overview

    694 S Burlington Ave is a 32-unit mixed-use property located in the vibrant Westlake neighborhood of Los Angeles, CA 90057. This substantial asset, comprising 26 apartment units and 6 commercial spaces, is offered at an attractive basis of $117,969 per unit and approximately $124 per square foot. The property currently boasts a strong 8.02% CAP rate and 7.02 GRM, generating over $290,000 in current Net Operating Income, with significant rental upside potential. The unit mix includes 13 Studio/1-Bath units, 13 1-Bed/1-Bath units, and 6 ground-floor retail/commercial tenants, providing diversified income streams. The property is individually metered for gas and electricity, with all power upgraded, enhancing operating efficiency and reducing utility exposure. Notably, two studio units are being delivered vacant, offering an immediate opportunity for a buyer to renovate, lease at market rents, and capitalize on the remaining 56% rental upside. Strategically located just minutes from Downtown Los Angeles, Koreatown, and major freeways (10 and 110), 694 S Burlington Ave benefits from strong renter demand and proximity to employment centers, public transit, shops, and restaurants. This offering presents investors with a rare combination of scale, robust cash flow, a prime location, and substantial long-term appreciation potential.