234 N Burlington AVE, Los Angeles, CA 90026
234 N Burlington AVE, Los Angeles, CA 90026
234 N Burlington AVE, Los Angeles, CA 90026
234 N Burlington AVE, Los Angeles, CA 90026
234 N Burlington AVE, Los Angeles, CA 90026
234 N Burlington AVE, Los Angeles, CA 90026
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 2,575,000
Est. payment | /mo

5,998 Sqft Lot

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$ 2,575,000
Est. payment | /mo
Save Virtual Tour

5,998 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25250782

HOA Y/N No

Year Built 2023

Annual Tax Amount $30,884

Lot Size 5,998 Sqft

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

View Y/N Yes

View Neighborhood

Total Parking Spaces 8

Private Pool No

Building

Lot Description Landscaped

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction Yes

Others

Senior Community No

Tax ID 5159009005

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Virtual Tour https://www.myunits.com/buy/236burlington

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Lauren Cearley Myunits.com Inc. 213-302-8662, DRE #02146823

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.