161 S Burlington Ave, Los Angeles, CA, 90057
About This Home
Huge ~500k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.5% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.1% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.
Getting Around
Very Walkable
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1950
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 18
- Bathrooms: 14
Heating & Cooling
- Heating features: Wall
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 6,874
- Total interior livable area: 6,874 sqft
Property
Details
- Zoning: LAR4
- Special condition: Standard
- Other equipment: None
Features
- Levels: Two
Lot
- Lot size: 8,285 sqft
Parking
- Total spaces: 6
- Parking features: Gated
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 | $20,479 | $245,748 |
| Home Insurance * | $583 | $6,996 |
| Property Taxes | $2,261 | $27,132 |
| Electricity | $1,474 | $17,688 |
| Total | $24,797 | $297,564 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Listed for sale | $4,350,000 |
| 2026-04-22 | Listing removed | $4,350,000 |
| 2026-03-25 | Price change | $4,350,000 |
| 2026-02-27 | Listed for sale | $4,670,000 |
| 2026-02-26 | Listing removed | $4,670,000 |
| 2026-01-27 | Price change | $4,670,000 |
| 2025-12-16 | Listed for sale | $4,795,000 |
| 2025-10-09 | Listing removed | $1,995 |
| 2025-09-17 | Listed for rent | $1,995 |
| 2024-08-06 | Listing removed | -- |
| 2024-06-22 | Listed for rent | $2,666 |
| 2024-06-21 | Listing removed | -- |
| 2024-06-07 | Listed for rent | $2,666 |
| 2021-03-13 | Listing removed | -- |
| 2021-01-27 | Price change | $3,800,000 |
| 2021-01-09 | Listed for sale | $3,995,000 |
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