Description
694 S Burlington Ave is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $124k/unit and $131/sqft. The property is currently operating at a 7.22% CAP and 7.67GRM. There is still over 51%+ upside available once the property is stabilized. The property is individually metered for gas and electric.The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1-Bed+1-Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are being delivered vacant, offering immediate upside in rental income.694 S Burlington Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.
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0BEDS
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0.52ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
694 S Burlington Ave is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $124k/unit and $131/sqft. The property is currently operating at a 7.22% CAP and 7.67GRM. There is still over 51%+ upside available once the property is stabilized. The property is individually metered for gas and electric.The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1-Bed+1-Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are being delivered vacant, offering immediate upside in rental income.694 S Burlington Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-13T19:35:31.1. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.