694 S Burlington Ave, Los Angeles, CA, 90057
About This Home
694 S Burlington Ave is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $122k/unit and $129/sqft. The property is currently operating at a 7.72% CAP and 7.25 GRM. There is still over 56%+ upside available once the property is stabilized. The property is individually metered for gas and electric. The property is comprised of 26 apartment units and 6 commercial spaces, consisting of (13) 1Bed+1Bath units, (13) Studio+1Bath units, and multiple ground-floor retail/commercial tenants. Current scheduled income is approximately $533,762 annually, with market scheduled income projected at approximately $839,606 annually once stabilized. At market rents, the property projects to a 15.22% CAP and 4.65 GRM, offering an investor a clear path to substantial future income growth. 694 S Burlington Ave is individually metered for gas and electric, helping reduce utility exposure and improve operating efficiency. Currently, two studio units are being delivered vacant, allowing a buyer to immediately renovate, lease at market rents, and capture upside right away. The building also benefits from diversified income through both residential and retail tenancy, reducing reliance on one income source.
Getting Around
Walker's Paradise
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 1913
Type & Style
- Home type: MultiFamily
- Property subType: Mixed Use
Interior
Appliances
- Laundry features: See Remarks
Bedrooms & Bathrooms
- Bedrooms: 13
- Bathrooms: 32
Features
- Common walls with other units/homes: 2+ Common Walls
Interior Area
- Total structure area: 30,319
- Total interior livable area: 30,319 sqft
Property
Details
- Parcel number: 5142011013
- Attached to another structure: Yes
- Special condition: Standard
Features
- Entry location: 1
- Pool features: None
Lot
- Lot size: 0.52 Acres
- Features: 0-1 Unit/Acre
Parking
- Total spaces: 3
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,720 | $236,640 |
| Home Insurance * | $561 | $6,732 |
| Property Taxes | $4,249 | $50,988 |
| Electricity | $6,501 | $78,018 |
| Total | $31,031 | $372,372 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-08 | Listed for sale | $3,900,000 |
| 2000-01-11 | Sold | $400,000 |
| 1999-09-02 | Sold | $200,000 |
For Sale by Agent
View on Zillow