Renovated Apartment
For Sale
$4,200,000
161 S Burlington Avenue, Los Angeles, CA 90057
Modernized apartment property with updated building systems, individual gas and electric metering, and future development potential.
Property Size6,874 SF
Lot Size0.19 Acres
Price / SF$610
Days on Market93
Property Features for 161 S Burlington Avenue
General Information
Standard status
Active
Size
6,874 SF
Lot size
0.19 Acres
Property subtype
Multi-family
Zoning
R4-1
Units
Unit Mix
8 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units
14
Additional Details
Cap Rate
6.75%
Utilities to Site
Yes
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Global Platinum Properties,Inc.
(818) 524-0706
Listed By:
Julio Ruiz · License #01911261
(714) 497-3550
Source:
Sevengables
Added: May 30
Changed: Aug 29
Last Checked: Jul 28 at 8:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Platinum Properties,Inc.
Investment Insights
Based on property information with market context.
This 14-unit apartment building, constructed in 1950, has undergone extensive interior and exterior improvements. Renovations include contemporary kitchens, flooring, lighting, bathrooms, and HVAC systems, along with updates to electrical, plumbing, windows, and other major components. Gas and electricity are individually metered for each unit. The property also includes an 8,283 SF lot designated R4-1 and identified as TOC Tier 2, with plans for 8 detached ADUs and additional development potential. A 6.75% cap rate is associated with the current property operation.
The building is located in Los Angeles’ Filipino Town, with access to Echo Park, Silver Lake, and DTLA. Nearby businesses and neighborhood destinations include Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee. The surrounding area also includes restaurants, bars, shops, and other neighborhood attractions.
The building is located in Los Angeles’ Filipino Town, with access to Echo Park, Silver Lake, and DTLA. Nearby businesses and neighborhood destinations include Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee. The surrounding area also includes restaurants, bars, shops, and other neighborhood attractions.
Key Highlights
- 14‑unit apartment building with extensive interior and exterior renovations
- Updated kitchens, bathrooms, flooring, lighting, HVAC, electrical, plumbing, and windows
- 8,283 SF R4‑1 lot designated TOC Tier 2
Property Analytics
Current Use
Lease Details
14
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 90057, CA
45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Modernized apartment property with updated building systems, individual gas and electric metering, and future development potential.
Where is this apartment building located?
The property is located at 161 S Burlington Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 14‑unit apartment building with extensive interior and exterior renovations; Updated kitchens, bathrooms, flooring, lighting, HVAC, electrical, plumbing, and windows; 8,283 SF R4‑1 lot designated TOC Tier 2
