236 North Burlington Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,798 sqft
Price per Sqft $541
MLS Listing ID BB-25018045
Year Built 2023
Lot Size 6,000 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Heating Central
Fireplaces Type None
Laundry Dryer Included,Electric Dryer Hookup,Washer Hookup,Washer Included
Exterior
Parking Features Assigned
Garage Spaces 4.0
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer