694 S Burlington Ave, Los Angeles, CA 90057

Building Details

Year Built

1913

Listing office Lyon Stahl Investment Real Estate c***@lyonstahl.com Show Phone

Listing date Jun 22, 2026

Source Crexi

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.27322

Latitude

34.05507

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FAQs

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.