Mixed-Use Apartment Building with
For Sale
Contact for pricing
694 S Burlington Ave, Los Angeles, CA 90057
32-unit building with 26 apartments and 6 ground-floor commercial spaces, supported by individual gas and electric metering.
Property Size30,319 SF
Price / SF$128.63
Days on Market50
Property Features for 694 S Burlington Ave
General Information
Standard status
Active
Size
30,319 SF
Class
C
Property subtype
Multifamily, Retail, Mixed Use
Zoning
LAC2
Occupancy
93%
Net Operating Income
$290,309
Financials
Cap Rate
7.44%
Business Included
Yes
Additional Details
Highway Access
Yes
Multifamily Units
26
Building Details
Year Built
1913
Units
32
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 259-7556
Listed By:
Christopher Bald · License #Lyon Stahl Investment Real Estate
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 9 at 7:38AM
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
Investment Insights
Based on property information with market context.
This mixed-use property contains 32 units: 26 residential apartments and 6 ground-floor commercial spaces. The apartment mix includes (13) 1 bed + 1 bath units and (13) studio + 1 bath units. Residential and retail tenancy provides diversified income streams within a single building, and the property is individually metered for gas and electric, which can help manage utility exposure. At the time of listing, two studio units are being delivered vacant for immediate renovation and leasing.
The building is located at 694 S Burlington Ave in Los Angeles within the Pico Union neighborhood. The site is described as being minutes from Downtown Los Angeles, Koreatown, Westlake, and the 10 and 110 freeways. The current scheduled income is approximately $533,762 annually.
For investors or operators seeking a residential-and-retail hold, the current operating performance is described as a 7.44% CAP and 7.25 GRM, with more than $290,000 in current NOI. The remarks also project market scheduled income of approximately $839,606 annually once stabilized, along with a projected 14.79% CAP and 4.65 GRM at market rents.
The building is located at 694 S Burlington Ave in Los Angeles within the Pico Union neighborhood. The site is described as being minutes from Downtown Los Angeles, Koreatown, Westlake, and the 10 and 110 freeways. The current scheduled income is approximately $533,762 annually.
For investors or operators seeking a residential-and-retail hold, the current operating performance is described as a 7.44% CAP and 7.25 GRM, with more than $290,000 in current NOI. The remarks also project market scheduled income of approximately $839,606 annually once stabilized, along with a projected 14.79% CAP and 4.65 GRM at market rents.
Key Highlights
- 32‑unit mixed‑use building totaling 30,319 SF (26 apartments and 6 ground‑floor commercial spaces).
- Income mix includes (13) 1 Bed + 1 Bath and (13) Studio + 1 Bath units, plus multiple ground‑floor retail/commercial tenants.
- Current scheduled income of approximately $533,762 annually; market scheduled income projected at approximately $839,606 annually.
Property Analytics
Property Profile
Current Use
Lease Details
26
Residential units
Turnkey business
Opportunity
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 32-unit building with 26 apartments and 6 ground-floor commercial spaces, supported by individual gas and electric metering.
Where is this apartment building located?
The property is located at 694 S Burlington Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 32‑unit mixed‑use building totaling 30,319 SF (26 apartments and 6 ground‑floor commercial spaces).; Income mix includes (13) 1 Bed + 1 Bath and (13) Studio + 1 Bath units, plus multiple ground‑floor retail/commercial tenants.; Current scheduled income of approximately $533,762 annually; market scheduled income projected at approximately $839,606 annually.
