211 S Burlington Ave
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211 S Burlington Ave
2 Unit Apartment Building $1,258,728 CAD ($629,364 CAD/Unit) 8.05% Cap Rate Los Angeles, CA 90057
Investment Highlights
- One unit delivered vacant
- Developing neighborhood
- Great for owner/user
Executive Summary
Westlake is the setting for this classic Craftsman duplex featuring one bright vacant unit, a great opportunity for an owner-user or investor. Built in 1914, the gated property provides easy access to coffee and recreation in Echo Park. Each two-bedroom unit showcases hardwood floors and heritage elements. The vacant upper unit is a breezy space, offering a kitchen equipped with a stainless steel appliance suite, extra attic storage and a deck with scenic views. Conveniences include A/C, dedicated laundry per unit, gated parking and an enclosed back yard. With McArthur Park's green space renovation underway, the area is becoming red-hot and this property is a perfect entry point. Nearby attractions include Echo Park Lake, The Bellwether, Vista Hermosa Natural Park and Laveta Coffee.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,258,728 CAD | Building Class | B |
| Price Per Unit | $629,364 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 2,280 SF |
| Cap Rate | 8.05% | Average Occupancy | 50% |
| Gross Rent Multiplier | 10.97 | No. Stories | 2 |
| No. Units | 2 | Year Built | 1914 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,258,728 CAD |
| Price Per Unit | $629,364 CAD |
| Sale Type | Investment |
| Cap Rate | 8.05% |
| Gross Rent Multiplier | 10.97 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 2,280 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1914 |
| Parking Ratio | 1.32/1,000 SF |
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,219 CAD | - |
| 4+2 | 1 | $5,907 CAD | - |
1 of 1
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (82)
zoning
| Zoning Code | LAR3 |
| LAR3 |
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211 S Burlington Ave
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