1627 S Burlington Ave
2 Unit Apartment Building $1,149,362 CAD ($574,681 CAD/Unit) 5.82% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Near Downtown LA
- Rentable area
EXECUTIVE SUMMARY
Excellent Investment Opportunity: Legal Duplex with Six Units Located near downtown Los Angeles, this income-generating property offers significant potential for investors. The non-conforming duplex is divided into six rental units, providing strong cash flow. The unit breakdown and current rental income are as follows: Unit #1 (Single, No Kitchen): $630 Unit #2 (Single, No Kitchen): $840 Unit #3 (Single, No Kitchen): $720 Unit #4 (Single, No Kitchen): $1,000 Unit #5 (1 Bed, 1 Bath w/ Kitchen): $1,624 Unit #6 (1 Bed, 1 Bath w/ Kitchen): $1,329 The property sits on a spacious 8,007 sq. ft. lot with RD1.5 zoning, offering future development potential. Additional features include parking for up to ten vehicles with convenient alley access. Situated in a high-demand rental area, this multi-unit property presents an outstanding opportunity for steady rental income and long-term appreciation. Don't miss this prime investment near the heart of Los Angeles!
Agent Remarks : Standard sale, drive-by only, subject to interior inspection
Agent Remarks : Standard sale, drive-by only, subject to interior inspection
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$105,989
|
$38.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,989
|
$38.13
|
| Taxes |
-
|
-
|
| Operating Expenses |
$36,267
|
$13.05
|
| Total Expenses |
$36,267
|
$13.05
|
| Net Operating Income |
$69,721
|
$25.08
|
PROPERTY FACTS
| Price | $1,149,362 CAD |
| Price Per Unit | $574,681 CAD |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| Sale Condition | Build to Suit |
| Gross Rent Multiplier | 8.32 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,780 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1901/2000 |
| Parking Ratio | 3.6/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $2,122 CAD | - |
1 of 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (78)
ZONING
| Zoning Code | 1.5 (RD1.5) |
