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

$2,795,000
  • 14 Beds
  • 13 Baths
  • 4,798 Sq.Ft.
For Sale
$2,795,000 Get Pre-Qualified
Map preview of 234 N Burlington Ave, Los Angeles, CA 90026

Property Overview: 234 N Burlington Ave Los Angeles, CA has 14 bedrooms, 13 bathrooms, 4,798 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 234 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! 234 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 5.54%! 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.

Listed by Elizabeth Maddox | BRE #01921425 | Myunits.com Inc.
Co-listed by Isaac Davidi | BRE #01819489 | On Track Property
Last checked: 5 minutes ago | Last updated: September 11th, 2024 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
6,000
HOA Dues
$0/mo
Year built
2023
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
BB24115420
City
Los Angeles
County
Los Angeles
Time on Site
82 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $3,995
  • Pro Forma/Market Rent: $3,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,450
  • Total Rent: $4,450
  • Pro Forma/Market Rent: $4,495
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $3,995
  • Pro Forma/Market Rent: $3,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.54%
  • Gross Rent Multiplier: 13.75
  • Gross Scheduled Income: $203,760
  • Net Operating Income: $154,889
  • Gross Operating Income: $195,091
  • Vacancy Allowance: $8,129
Annual Expense Breakdown
  • Total Operating Expense: $40,202
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $33,523
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $1,200
  • Insurance: $2,879
  • Maintenance: $1,600
  • Water/Sewer: $1,000

Open Houses for 234 N Burlington Ave

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Property Details for 234 N Burlington Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
Interior Features
  • Balcony
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Garage Faces Rear
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5159009005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: None
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just South of the 101 between Beverly Blvd & W Court St.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 234 N Burlington Ave

Last leased for $4,495 on July 30th, 2023

  • June, 2024

  • Jun 28, 2024

    Date

    Active

    CRMLS: BB24115420

    $2,895,000

    Price

  • April, 2024

  • Apr 22, 2024

    Date

    Expired

    CRMLS: 24349451

    $2,795,000

    Price

  • Jan 22, 2024

    Date

    Active

    CRMLS: 24349451

    $2,795,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to introduce this prime investment asset newly built in 2023; a fully stabilized and cash flowing 4-unit townhouse complex adjacent to Echo Park optimized for a modern & functional rental lifestyle. 234 Burlington features (2) 4 Bed/4.5 Bath and (2) 3 Bed/3.5 Bath 2-story units consisting of large bedrooms with personal bathrooms & walk-in closets, in-unit washer & dryers, stainless steel appliances, balconies and private parking. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come in the Echo Park adjacent neighborhood that is experiencing tremendous growth and and influx of young professionals and families. Developments such as these are highly sought after in this highly active community already delivering high rents. Tenants pay all utilities and all units are individually metered.

  • December, 2023

  • Dec 22, 2023

    Date

    Canceled

    CRMLS: 23305505

    $2,795,000

    Price

  • Aug 29, 2023

    Date

    Active

    CRMLS: 23305505

    $2,795,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to introduce this prime investment asset newly built in 2022; a fully stabilized and cash flowing 4-unit townhouse complex adjacent to Echo Park optimized for a modern & functional rental lifestyle. 234 Burlington features (2) 4 Bed/4.5 Bath and (2) 3 Bed/3.5 Bath 2-story units consisting of large bedrooms with personal bathrooms & walk-in closets, in-unit washer & dryers, stainless steel appliances, balconies and private parking. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come in the Echo Park adjacent neighborhood that is experiencing tremendous growth and and influx of young professionals and families. Developments such as these are highly sought after in this highly active community already delivering high rents. Tenants pay all utilities and all units are individually metered.

  • August, 2023

  • Aug 22, 2023

    Date

    Canceled

    CRMLS: 23245429

    $2,895,000

    Price

  • Feb 27, 2023

    Date

    Active

    CRMLS: 23245429

    $2,995,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to introduce this prime investment asset; a newly built 4-unit townhouse complex adjacent to Echo Park optimized for a modern & functional rental lifestyle. 234 Burlington features (2) 4 Bed/4.5 Bath and (2) 3 Bed/3.5 Bath 2-story units consisting of large bedrooms with personal bathrooms & walk-in closets, in-unit washer & dryers, stainless steel appliances, balconies and private parking. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come in the Echo Park adjacent neighborhood that is experiencing tremendous growth and and influx of young professionals and families. Developments such as these are highly sought after in this highly active community already delivering high rents. Tenants pay all utilities and all units are individually metered.

  • July, 2023

  • Jul 30, 2023

    Date

    Leased

    CRMLS: 23285581

    $4,495

    Price

  • Jun 28, 2023

    Date

    Active

    CRMLS: 23285581

    $4,495

    Price

  • Listing provided courtesy of CRMLS

    Discover the epitome of modern living in this stunning new construction townhome situated at 234 N Burlington in the heart of Los Angeles. Boasting 4 bedrooms and 4.5 bathrooms, this luxurious residence offers an unparalleled level of sophistication and comfort. As you enter this meticulously crafted townhome, you'll be captivated by its contemporary design and impeccable attention to detail. The open and airy floor plan allows for a seamless flow between the living spaces, creating an inviting atmosphere for both relaxation and entertainment. The gourmet kitchen is a culinary enthusiast's dream, equipped with top-of-the-line appliances and sleek finishes. Whether you're hosting a dinner party or preparing a casual meal, this well-appointed kitchen provides everything you need to unleash your creativity and culinary skills. The adjacent dining area is the perfect spot to gather with family and friends and create lasting memories. Each of the four spacious bedrooms offers a tranquil retreat, providing ample space for rest and rejuvenation. With four and a half bathrooms, convenience and privacy are at the forefront of this townhome's design. The tastefully designed bathrooms showcase contemporary fixtures and finishes, adding a touch of luxury to your daily routine. 2 dedicated parking spaces are included, providing secure and convenient parking options for your vehicles. Additionally, the prime location of 234 N Burlington grants you access to the vibrant city of Los Angeles and its abundance of amenities. Tenant pays utilities.

  • July, 2023

  • Jul 30, 2023

    Date

    Leased

    CRMLS: 23285603

    $3,895

    Price

  • Jun 28, 2023

    Date

    Active

    CRMLS: 23285603

    $3,895

    Price

  • Listing provided courtesy of CRMLS

    Discover the epitome of modern living in this stunning new construction townhome situated at 236 N Burlington in the heart of Los Angeles. Boasting 3 bedrooms and 3.5 bathrooms, this luxurious residence offers an unparalleled level of sophistication and comfort. As you enter this meticulously crafted townhome, you'll be captivated by its contemporary design and impeccable attention to detail. The open and airy floor plan allows for a seamless flow between the living spaces, creating an inviting atmosphere for both relaxation and entertainment. The gourmet kitchen is a culinary enthusiast's dream, equipped with top-of-the-line appliances and sleek finishes. Whether you're hosting a dinner party or preparing a casual meal, this well-appointed kitchen provides everything you need to unleash your creativity and culinary skills. The adjacent dining area is the perfect spot to gather with family and friends and create lasting memories. Each of the four spacious bedrooms offers a tranquil retreat, providing ample space for rest and rejuvenation. With four and a half bathrooms, convenience and privacy are at the forefront of this townhome's design. The tastefully designed bathrooms showcase contemporary fixtures and finishes, adding a touch of luxury to your daily routine. 2 dedicated parking spaces are included, providing secure and convenient parking options for your vehicles. Additionally, the prime location of 234 N Burlington grants you access to the vibrant city of Los Angeles and its abundance of amenities. Tenant pays utilities.

  • May, 2023

  • May 1, 2023

    Date

    Expired

    CRMLS: 23250505

    $4,595

    Price

  • Mar 13, 2023

    Date

    Active

    CRMLS: 23250505

    $4,595

    Price

  • Listing provided courtesy of CRMLS

  • March, 2021

  • Mar 16, 2021

    Date

    Expired

    CRMLS: 20671074

    $1,195,000

    Price

  • Dec 16, 2020

    Date

    Active

    CRMLS: 20671074

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    RTI PLANS for 4 Units!!! Great new Development Opportunity sold with plans to build 4 spacious units . ***Seller has a CA Real Estate Broker license and holds interest at the property****

  • July, 2019

  • Jul 8, 2019

    Date

    Sold

    CRMLS: SB19119673

    $800,000

    Price

  • Jun 30, 2019

    Date

    Pending

    CRMLS: SB19119673

    $700,000

    Price

  • May 30, 2019

    Date

    Active Under Contract

    CRMLS: SB19119673

    $700,000

    Price

  • May 22, 2019

    Date

    Active

    CRMLS: SB19119673

    $700,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity to purchase a multi family building in Echo Park area. Two houses in front, each has one bedroom and one bath and rear house has two bedrooms and two baths. Parking located in the rear of property. Located just off the 101 FWY and near downtown.

  • July, 2019

  • Jul 5, 2019

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

Show More

Tax History for 234 N Burlington Ave

Assessed Value (2020): $800,000
Year Land Value Improved Value Assessed Value
2020 $590,000 $210,000 $800,000

Home Value Compared to the Market

This property vs the competition

234 N Burlington Ave is listed 132.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $582.53 per/sqft which puts the price per square foot 24.15% lower than the median price per square foot for the city of Los Angeles.

About 234 N Burlington Ave

Detailed summary of property

234 N Burlington Ave is a fourplex located in Los Angeles, CA 90026 and is currently for sale. This fourplex offers 14 bedrooms, 13 bathrooms, roughly 4,798 living square feet, and sits on an approximately 6,000 square foot lot. 234 N Burlington Ave was first listed on ArdentRealEstateGroup.com on June 28, 2024. The homeowner is currently asking $2,795,000 and was originally asking $2,895,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 132.92% higher than the median priced home. Local competing homes currently for sale include 137 S La Fayette Park Pl, 2916 Marathon St and 2828 Reservoir St. While the average home in Los Angeles, CA is selling in 106 days, 234 N Burlington Ave has a days on market of 83 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 234 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 234 N Burlington Ave

Public county record property details
Beds
4
Baths
4
Year built
1914
Sq. Ft.
2,038
Lot Size
5,999
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
5159-009-005

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
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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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