251 N Burlington Ave 5 Unit Apartment Building $1,312,472 CAD ($262,494 CAD/Unit) 5.56% Cap Rate Los Angeles, CA 90026

Marcus and Millichap is pleased to present a five (5) unit apartment building located at 251 N Burlington Avenue in Los Angeles, California. The subject property is located in a solid Echo Park location, north of Beverly Boulevard and east of Alvarado Street.
This well-located Echo Park multifamily property offers a rare investment opportunity with substantial upside. The property is hitting the market for the first time in over 30 years. The building features a streamlined unit mix of all two-bedroom units. Gated and secure with full on-site parking in the rear, the lot also boasts lush front yard landscaping and strong curb appeal. The rear parking area presents excellent potential for ADU development under SB1211, supported by convenient alley access. Surrounded by ongoing and completed developments, the property is also just steps from major commercial corridors like Beverly Blvd, Temple St, and Alvarado St, placing it in a high-demand, rapidly evolving neighborhood.
With its solid location, over 70% rental upside, and strong potential for added value through ADU development, this property offers a rare opportunity for investors to capitalize on one of LA’s most dynamic and fast-growing rental markets.