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.
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.