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234 N Burlington AvenueLos Angeles, CA 90026

For Sale

$2,575,000

Smart Buyer Rebate $25,750

234 N Burlington Ave | A Fully stabilized 2023 construction fourplex delivering a true 6.00% cap rate at $2,575,000. This rare income property offers immediate, predictable cash flow with zero lease-up risk: ideal for end-of-year and 1031 exchange buyers seeking strong returns in a core Los Angeles location.

Each unit features modern 3- and 4-bedroom layouts with open floorplans, designer kitchens, in-unit laundry, and premium finishes that command top rents. Eight total parking spaces, separate utility meters, and all new systems ensure minimal operating costs and maximum efficiency.

Located just blocks from Echo Park Lake, Silver Lake, and Downtown LA, the property attracts high-earning tenants and benefits from continued submarket growth driven by limited SB 8 supply and consistent rental demand. This is one of the few stabilized assets in LA offering verified 6% performance with clear long-term appreciation upside.

Listed by Lauren Cearley

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License #02146823

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Myunits.com Inc.

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209-298-6020

Listed by Isaac Davidi

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License #01819489

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Myunits.com Inc.

Last updated October 31, 2025

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Source: CRMLS #BB25250782

Listing Facts

  • TypeMulti-family
  • NeighborhoodHistoric Filipinotown
  • Days on Prevu20
  • Taxes$30,884/year

Amenities

  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

10/30/2025
Listed by Myunits.com Inc.
$2,575,000

Property Details for 234 N Burlington Avenue

Association

Amenities

  • Community Features: Sidewalks

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 4
  • Stories: 2
  • Stories Total: 2
  • Year Built: 2023
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1

Features

  • View: Neighborhood

Measurements

  • Building Area Total: 4,798
  • Building Area Units: Square Feet
  • Lot Features: Landscaped
  • Lot Size Acres: 0.13
  • Lot Size Area: 6,000
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,000
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.0
  • Gross Income: $196,020.00
  • Operating Expense: $3,554.00

Taxes

  • Parcel Number: 5159009005
  • Tax Annual Amount: $30,884.00

Other

Location

  • Tax Block: 1
  • Tax Lot: 15

Parking

Parking

  • Garage Spaces: 4
  • Garage: Yes
  • Open Parking Spaces: 4
  • Parking Features: Assigned
  • Parking Total: 8

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Electric: Standard
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.