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1627 S Burlington Ave 6 Unit Apartment Building $1,313,375 CAD ($218,896 CAD/Unit) 10% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Can Add 4 ADUS and Completely Vacant for Immediate Remodel And Retenanting To Achieve 10%+ CAP
EXECUTIVE SUMMARY
FOR SALE BY OWNER - DELIVERED FULLY VACANT. Don't miss this rare chance to own a high-performing income property with immediate upside near the heart of Downtown Los Angeles.
Effectively operating as seven existing units in total two 1-bedroom units and five studios. This would be a two-family and five guest room dwelling, with R Occupancy per the Certificate of Occupancy by City of Los Angeles. All units to be delivered vacant offering investors immediate flexibility for lease-up, repositioning, or redevelopment. It sits on a generous 8,007 sq. ft. RD1.5-zoned lot and comes with proposed plans for four additional units, allowing investors to unlock the full potential of the huge backyard with wide alley access.
Once completed, the four ADUs are expected to generate approximately $10,000 per month in additional rental income, creating a powerful long-term value-add opportunity while benefiting from the property's existing income stream. Ample parking for up to 10 vehicles via alley access in the rear parking area. Located in a high-demand rental market near DTLA, USC, and major freeways, this property offers a rare combination of immediate income, development upside, and strong projected returns. Rendering images are for illustrative purposes only and may not reflect the current property or finished product
Effectively operating as seven existing units in total two 1-bedroom units and five studios. This would be a two-family and five guest room dwelling, with R Occupancy per the Certificate of Occupancy by City of Los Angeles. All units to be delivered vacant offering investors immediate flexibility for lease-up, repositioning, or redevelopment. It sits on a generous 8,007 sq. ft. RD1.5-zoned lot and comes with proposed plans for four additional units, allowing investors to unlock the full potential of the huge backyard with wide alley access.
Once completed, the four ADUs are expected to generate approximately $10,000 per month in additional rental income, creating a powerful long-term value-add opportunity while benefiting from the property's existing income stream. Ample parking for up to 10 vehicles via alley access in the rear parking area. Located in a high-demand rental market near DTLA, USC, and major freeways, this property offers a rare combination of immediate income, development upside, and strong projected returns. Rendering images are for illustrative purposes only and may not reflect the current property or finished product
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$202,398
|
$72.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$202,398
|
$72.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$52,535
|
$18.90
|
| Net Operating Income |
$149,863
|
$53.91
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $202,398 |
| Annual Per SF | $72.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $202,398 |
| Annual Per SF | $72.81 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $52,535 |
| Annual Per SF | $18.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $149,863 |
| Annual Per SF | $53.91 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (78)
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VIDEOS
MATTERPORT 3D EXTERIOR
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Presented by
Tom Daniel The Magnolia
1627 S Burlington Ave
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