Westlake Multifamily Value-Add
For Sale
Contact for pricing
272 S Burlington, Los Angeles, CA 90057
Charming 5-unit multifamily building in Westlake North.
Property Size2,778 SF
Price / SF$332.97
Days on Market664
Property Features for 272 S Burlington
General Information
Standard status
Active
Size
2,778 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
Assessor
Investment Type
Owner/User
Net Operating Income
$51,407
Building Details
Year Built
1923
Year Renovated
2017
Buildings
2
Stories
1
Units
5
Listing Agency:
KW Commercial Calabasas
(818) 657-6500
Listed By:
Jared Levine · License #CA 01804008
Source:
Crexi
Added: Oct 16, 2024
Changed: Aug 8
Last Checked: May 12 at 9:59PM
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 KW Commercial Calabasas
Investment Insights
Based on property information with market context.
Located in the Westlake North submarket of Los Angeles, The Burlington presents an opportunity to acquire a 5-unit multifamily building constructed in 1923. The property, with a footprint of approximately 2,778 square feet, occupies an elevated corner lot and includes a vacant detached owner-user unit with city views. This property offers a value-add opportunity with potential rental upside. Upgrades have been made to the electrical, roofing, and plumbing systems under the current ownership. Delivered 40% vacant, with 2 out of 5 units available, the property allows for leveraging the demand for both market-rate and Section 8 tenants. The property is situated in close proximity to Echo Park, Hollywood, Koreatown, and Downtown Los Angeles, providing access to cultural and commercial areas. The surrounding Westlake North neighborhood is experiencing ongoing growth and gentrification, with access to Echo Park Lake, cafes, restaurants, and other amenities.
Key Highlights
- Significant value‑add opportunity with approximately 35% potential upside in rents.
- Delivered 40% vacant (2 of 5 units), providing immediate income potential and flexibility.
- Vacant detached owner‑user unit with city views.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,762
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 - Charming 5-unit multifamily building in Westlake North.
Where is this apartment building located?
The property is located at 272 S Burlington Los Angeles, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Significant value‑add opportunity with approximately 35% potential upside in rents.; Delivered 40% vacant (2 of 5 units), providing immediate income potential and flexibility.; Vacant detached owner‑user unit with city views.
