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127 N Burlington Ave, Los Angeles, CA 90026
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127 N Burlington Ave Los Angeles, CA 90026

$880,000 Sold Price as of 04/29/2022
  • 5 Beds
  • 4 Baths
  • 2,369 Sq.Ft.
Sold
$880,000 Sold Price as of 04/29/2022 Refinance Your Mortgage
Map preview of 127 N Burlington Ave, Los Angeles, CA 90026

Property Overview: 127 N Burlington Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,369 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We're proud to present the exclusive listing for sale of 127 N Burlington Avenue, Los Angeles, CA 90026. Great Investment four-plex near trendy Echo Park. Los Angeles zoned LARD1.5 with long-term tenants and below market rents. Property consists of two 2-bedroom / 1-bathroom units, one 1-bedroom / 1-bathroom unit, and 1single / one-bathroom unit and 6 gated parking spaces. Top units have views of skyline, Hollywood Sign, Griffith Park Observatory. The large lot allows for a small possible subdivision of 6-unit condo development, apartment building or add 2 ADUs in the back to maximize ROI (buyer to verify). Alley allows for maximized parking access which is currently not being used. The area is in historic Filipinotown, immediately adjacent to Echo Park, and offers quick access to major public transportation, vehicle grids and a mere 5-minute drive to Downtown LA. Recent updates include new 200-amp electrical panel (master metered), iron work, asphalt driveway, parking, new paint, some updated plumbing, and updated tile work. Located within blocks of new developments this property will immediately appreciate in value.

Listed by David Bramante | BRE #01511588 | Levine Realtors
Co-listed by Kayla Bramante | BRE #02017652 | Levine Realtors
Last checked: 13 minutes ago | Last updated: September 23rd, 2023 | Source CRMLS | DOM: 82

Home details

Lot Sq. Ft
6,000
HOA Dues
$0/mo
Year built
1904
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22123021
City
Los Angeles
County
Los Angeles
Time on Site
837 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,220
  • Total Rent: $1,220
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $955
  • Total Rent: $955
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,456
  • Total Rent: $1,456
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $527
  • Total Rent: $527
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.41%
  • Gross Rent Multiplier: 19.04
  • Gross Scheduled Income: --
  • Net Operating Income: $32,440
  • Gross Operating Income: $49,908
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 127 N Burlington Ave

Interior Features
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Attic
Kitchen Information
  • Has Appliances
  • Gas Cooktop, Gas Oven
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5159007010
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Near Alvarado and the 101 freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 127 N Burlington Ave

Last leased for $1,850 on September 22nd, 2023

  • September, 2023

  • Sep 22, 2023

    Date

    Leased

    CRMLS: SR23157408

    $1,850

    Price

  • Aug 22, 2023

    Date

    Active

    CRMLS: SR23157408

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    This freshly painted one bedroom unit has brand new stove and hood, Brand new vanity set and toilet. The area is an adjacent to Echo Park and Silver Lake. Quick access to major public transportation, vehicular grids and a mere 5 mins drive to DTLA. Close to great restaurants, shopping, and entertainment such as Dodger Stadium. Amazing views of Downtown LA skyline, Hollywood Sign, Griffith Park Observatory.

  • April, 2022

  • Apr 29, 2022

    Date

    Sold

    CRMLS: 22123021

    $880,000

    Price

  • Jan 30, 2022

    Date

    Active

    CRMLS: 22123021

    $975,000

    Price

  • January, 2022

  • Jan 26, 2022

    Date

    Canceled

    CRMLS: 21113269

    $995,000

    Price

  • Dec 20, 2021

    Date

    Active

    CRMLS: 21113269

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    Very proud to present the exclusive listing for sale of 127 N Burlington Avenue, Los Angeles, CA 90026. Great Investment fourplex near trendy Echo Park. Los Angeles zoned LARD1.5 with long-term tenants and below market rents. Property consists of two 2-bedroom / 1-bathroom units, one 1-bedroom / 1-bathroom unit, and 1 single / one-bathroom unit and 6 gated parking spaces. Top units have amazing views of Downtown LA skyline, Hollywood Sign, Griffith Park Observatory. The large lot allows for a small possible subdivision of 6-unit condo development, apartment building or add 2 ADUs in the back to maximize ROI. Alley allows for maximized parking access which is currently not being used. The area is a historic Filipinotown immediately adjacent to Echo Park and offers quick access to major public transportation, vehicular grids and a mere 5 mins drive to DTLA. Recent updates include new 200-amp electrical panel, iron work, asphalt driveway, parking, new paint, updated plumbing, and updated tile work. Located within blocks of new developments this property will immediately appreciate in value and may soon be considered as part of Downtown Los Angeles.

  • September, 2013

  • Sep 4, 2013

    Date

    Sold (Public Records)

    Public Records

    $420,004

    Price

  • March, 2013

  • Mar 22, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 127 N Burlington Ave

Assessed Value (2020): $470,771
Year Land Value Improved Value Assessed Value
2020 $336,267 $134,504 $470,771

Home Value Compared to the Market

This property vs the competition

127 N Burlington Ave sold on April 29, 2022 for 20.17% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $401.01 per/sqft which puts the price per square foot 46.89% lower than the current median sale per square foot for the city of Los Angeles.

About 127 N Burlington Ave

Detailed summary of property

127 N Burlington Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,369 living square feet, and sits on an approximately 6,000 square foot lot. 127 N Burlington Ave was first listed on ArdentRealEstateGroup.com on January 30, 2022. The homeowner sold the property for $880,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.17% lower than the current median priced home. Local homes that are currently for sale include 1242 Lilac Pl, 113 Robinson St and 1137 S Union Ave. While the average home in Los Angeles, CA is selling in 94 days, 127 N Burlington Ave has a days on market of 82 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 127 N Burlington Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 127 N Burlington Ave

Public county record property details
Beds
5
Baths
4
Year built
1904
Sq. Ft.
2,369
Lot Size
6,000
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5159-007-010

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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