Address
694 S Burlington Avenue, Los Angeles, CA
Price
$ 3,900,000
Property Attributes
- MLS#SB26135648
- TypeSingle Family
- Listing Status Active
- CountyLos Angeles
- CityLos Angeles
- Area Downtown L.A.
- Zip90057
- Style
- Year Built1913
- Price$ 3,900,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage30319
- Lot Size0.5172 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
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.
| Price History | |
|---|---|
| 7/7/2026 | Listed $3,900,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Garage Spaces | 3 |
| Pool Features | None |
| Year Built | 1913 |
| Property Subtype | MixedUse |
| Gross Income | 537958 |
| Community Features | Suburban |
| County | Los Angeles |
| Net Operating Income | 301077 |
| Operating Expense | 220743 |
| Insurance Expense | 30941 |
| New Construction | false |
| Property Type | ResidentialIncome |
| Contingency | none |
| MaintenanceExpense | 13447 |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | DOWNTOWN LOS ANGELES, 10 AND 110 FREEWAYS |
| City | Los Angeles |
| Entry Location | 1 |
| Senior Community Y/N | false |
| Number Of Units Total | 32 |
| MLS Area | C42 - Downtown L.A. |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 22530 |
| Number of Units Leased | 32 |
| Listing Terms | Cash,CashToNewLoan,Conventional,Exchange1031 |
| Property Attached Y/N | true |
| Land Lease Y/N | false |
| Trash Expense | 25865 |
| Water Sewer Expense | 59957 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | true |
| Building Area Units | SquareFeet |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 1234 |
| Total Actual Rent | 44645 |
| Property Sub Type Additional | MixedUse |
| Expected Active Date | 2026-07-08 |
| Taxes | 48750 |
| Cap Rate | 7.72 |
| PostalCity | LOS ANGELES |
Interior Features
| Total Stories | 3 |
|---|---|
| Common Walls | TwoCommonWallsOrMore |
| Laundry Features | SeeRemarks |
| Entry Level | 1 |
Exterior Features
| Lot Features | ZeroToOneUnitAcre |
|---|---|
| Water Source | Public |
| Total Parking | 3 |
| Lot Size Area | 22530 |
| Number of Buildings | 1 |
| Building Area Total | 30319 |
| Lot Size Acres | 0.5172 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 33 |
| Number of Separate Gas Meters | 33 |
| Number of Separate Electric Meters | 33 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 90057
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 12, 2026 9:55 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
