272 S Burlington Ave Los Angeles, CA 90057
Charming 5-unit multifamily building in Westlake North.
Type:Multifamily
Property size:
2,778 SF- Added:
- Oct 16, 2024
- Days on Market:
- 548
- Last Refresh:
- Mar 16 at 1:05 pm
Property Features for 272 S Burlington Ave
General Information
- Standard status
- Active
- Size
- 2,778 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1923
Listing agent Jared Levine License #CA 01804008
Listing office KW Commercial Calabasas
Listing date Oct 16, 2024
Source Crexi
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
Overview
Westlake Multifamily Value-Add Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.26867
- Latitude
- 34.06138
Nearby Similar for Sale
FAQs
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 Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $949,500.
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.
