161 S Burlington Ave, Los Angeles, CA, 90057
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Property Details
18
14
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 18 • Bathrooms: 14 • Square Feet: 6874 • Lot/Size: 8,286 sqft lot
Description: Huge ~500k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.5% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.1% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas &
Location
Address
161 S Burlington Ave, Los Angeles, CA, 90057
City
Los Angeles
Features and Finishes
Year Built: 1950; [object Object]; [object Object]; [object Object]
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