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694 S Burlington Ave 32 Unit Apartment Building $5,711,063 CAD ($178,471 CAD/Unit) 7.01% Cap Rate Los Angeles, CA 90057
INVESTMENT HIGHLIGHTS
- Mixed Use 32-Unit building located in Pico Union (26 apartments, 6 commercial)
- Currently operated at a 6.68% CAP and 8.30 GRM
- (6) Commercial units broken down into (6) operational retail shops
- Priced at only $134k/unit and $141.83/sqft
- (13) Studio/1-Bath & (13) 1Bed+1Bath units - (2) Studio/1-Bath is currently vacant
- Conveniently located near Downtown Los Angeles, 10 and 110 Freeways
EXECUTIVE SUMMARY
694 S Burlington Ave is a 32-unit mixed use building
located in the Pico Union neighborhood. This
massive 30,319 sqft building is offered at only
$128k/unit and $136/sqft. The property is currently
operating at a 7.01% CAP and 7.96 GRM. There is still
over 51% upside available once the property is
stabilized. The property is individually metered for gas
and electric.
The building is comprised of (26) apartment units
and (6) Retail Spaces - consistent of (13)
1Bed+1Bath, (13) Studio+1Bath. Currently (2)
studio/1-bath units are vacant, offering immediate
upside in rental income.
694 S Burlington Ave is conveniently located just
minutes from Downtown Los Angeles, with easy
access to the 10 and 110 freeways. There are many
shops, restaurants and amenities nearby, making
this an ideal location for renters.
located in the Pico Union neighborhood. This
massive 30,319 sqft building is offered at only
$128k/unit and $136/sqft. The property is currently
operating at a 7.01% CAP and 7.96 GRM. There is still
over 51% upside available once the property is
stabilized. The property is individually metered for gas
and electric.
The building is comprised of (26) apartment units
and (6) Retail Spaces - consistent of (13)
1Bed+1Bath, (13) Studio+1Bath. Currently (2)
studio/1-bath units are vacant, offering immediate
upside in rental income.
694 S Burlington Ave is conveniently located just
minutes from Downtown Los Angeles, with easy
access to the 10 and 110 freeways. There are many
shops, restaurants and amenities nearby, making
this an ideal location for renters.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$717,339
|
$23.66
|
| Other Income |
$255
|
$0.01
|
| Vacancy Loss |
$21,521
|
$0.71
|
| Effective Gross Income |
$696,073
|
$22.96
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$298,411
|
$9.84
|
| Net Operating Income |
$397,662
|
$13.12
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $717,339 |
| Annual Per SF | $23.66 |
| Other Income (CAD) | |
|---|---|
| Annual | $255 |
| Annual Per SF | $0.01 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $21,521 |
| Annual Per SF | $0.71 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $696,073 |
| Annual Per SF | $22.96 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $298,411 |
| Annual Per SF | $9.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $397,662 |
| Annual Per SF | $13.12 |
PROPERTY FACTS
| Price | $5,711,063 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $178,471 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.01% | Building Size | 30,319 SF |
| Gross Rent Multiplier | 7.96 | Average Occupancy | 96% |
| No. Units | 32 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C2, Los Angeles - Mixed Use - Apartments & Retail | ||
| Price | $5,711,063 CAD |
| Price Per Unit | $178,471 CAD |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| Gross Rent Multiplier | 7.96 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 30,319 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
| Zoning | C2, Los Angeles - Mixed Use - Apartments & Retail |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 13 | - | 600 |
| 1+1 | 13 | - | 750 |
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5142-011-013 | Improvements Assessment | $3,621,849 CAD (2025) |
| Land Assessment | $791,314 CAD (2025) | Total Assessment | $4,413,163 CAD (2025) |
PROPERTY TAXES
Parcel Number
5142-011-013
Land Assessment
$791,314 CAD (2025)
Improvements Assessment
$3,621,849 CAD (2025)
Total Assessment
$4,413,163 CAD (2025)
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694 S Burlington Ave
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