Mixed-Use Building in Pico
For Sale
$4,300,000
694 S Burlington Avenue, Los Angeles, CA 90057
32-unit mixed-use building near Downtown Los Angeles.
Property Size30,319 SF
Price / SF$141.83
Days on Market439
Property Features for 694 S Burlington Avenue
General Information
Standard status
Active
Size
30,319 SF
Building Details
Year Built
1913
Listing Agency:
LYON STAHL INVESTMENT REAL ESTATE, INC.
Listed By:
CAMERON SAMIMI
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,451
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?
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.
