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$1,050,000
Est. payment /mo
10 Beds
5 Baths
4,474 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,474 sqft
Price per Sqft $234
MLS Listing ID 25602319
Bedrooms 10
HOA Y/N No
Year Built 1903
Lot Size 6,002 Sqft
Property Description
We are pleased to present a five (5) unit apartment building located at 251 N Burlington Avenue in Los Angeles, California. The subject property is located in a solid Echo Park location, north of Beverly Boulevard and east of Alvarado Street. This well-located Echo Park multifamily property offers a rare investment opportunity with substantial upside. The property is hitting the market for the first time in over 30 years. The building features a streamlined unit mix of all two-bedroom units. Gated and secure with full on-site parking in the rear, the lot also boasts lush front yard landscaping and strong curb appeal. The rear parking area presents excellent potential for ADU development under SB1211, supported by convenient alley access. Surrounded by ongoing and completed developments, the property is also just steps from major commercial corridors like Beverly Blvd, Temple St, and Alvarado St, placing it in a high-demand, rapidly evolving neighborhood. With its solid location, over 70% rental upside, and strong potential for added value through ADU development, this property offers a rare opportunity for investors to capitalize on one of LA's most dynamic and fast-growing rental markets.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features Uncovered
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5159006016
Special Listing Condition Standard
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Listed by Jason Tuvia Marcus & Millichap
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