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234 N Burlington Ave, Los Angeles, CA, 90026

14beds
14baths
4,798sqft
$2,575,000
$537price/sqft
$16,980/moest. monthly cost
$679,200/yrincome needed

About This Home

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.

Getting Around

88
WalkingVery Walkable
68
TransitGood Transit
66
BikeBikeable

Schools

5/10
5/10
Sal Castro Middle SchoolGrades 6-80.4 mi
3/10

Construction

Condition

  • New construction: Yes
  • Year built: 2023

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Appliances

  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 14

Features

  • Fireplace features: None
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,798
  • Total interior livable area: 4,798 sqft

Property

Details

  • Parcel number: 5159009005
  • Zoning: LARD1.5
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: 1
  • Pool features: None
  • Spa features: None
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 6,000 sqft
  • Features: Landscaped

Parking

  • Total spaces: 8
  • Parking features: Assigned
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Uncovered spaces: 4