694 S Burlington Avenue Los Angeles, CA 90057

Building Details

Year Built

1913

Listing Agency LYON STAHL INVESTMENT REAL ESTATE, INC.

Listed by CAMERON SAMIMI

Source Corcoran

Added: Jun 19, 2025 Checked: Mar 16 at 9:09 am

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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 LYON STAHL INVESTMENT REAL ESTATE, INC.

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Investment Insights

Based on property information with market context.

The property at 694 S Burlington Ave is a 32-unit mixed-use building located in the Pico Union neighborhood. The building has a total area of 30,319 square feet. The unit mix consists of 26 apartment units and 6 retail spaces, including 13 one-bedroom, one-bathroom units and 13 studio apartments with one bathroom. Currently, two studio apartments are vacant, presenting an opportunity for increased rental income. The property is master metered for gas and electric. It is located minutes from Downtown Los Angeles, with convenient access to the 10 and 110 freeways. The location provides access to nearby shops, restaurants, and amenities.

Key Highlights

• High CAP Rate: Currently operating at a 6.68% CAP rate.
• Significant Upside Potential: Over 51% upside available upon stabilization.
• Attractive Price Per Unit/SqFt: Offered at only $134k/unit and $141/sqft.

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FAQs

What type of property is this?

Mixed-use property - 32-unit mixed-use building near Downtown Los Angeles.

Where is this mixed-use property located?

The property is located at 694 S Burlington Avenue Los Angeles, CA.

What is the asking price?

The asking price for this property is $4,300,000.

What are key features of this property?

This property features: High CAP Rate: Currently operating at a 6.68% CAP rate.; Significant Upside Potential: Over 51% upside available upon stabilization.; Attractive Price Per Unit/SqFt: Offered at only $134k/unit and $141/sqft.