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234 N Burlington Avenue, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

234 N Burlington Avenue, Los Angeles, California 90026 home-pic-0
ACTIVE$2,575,000
234 N Burlington Avenue, Los Angeles, California 90026
0Bed
0Bath
4,798Sqft
6,000Lot
Year Built
2023
Close
-
List price
$2.58M
Original List price
$2.58M
Price/Sqft
$537
HOA
-
Days on market
-
Sold On
-
MLS number
BB25250782
Home ConditionExcellent
Features
Deck
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.58M(91th), sqft - 4798(91th), beds - undefined(50th), baths - undefined(50th).

234 N Burlington Ave | A Fully stabilized 2023 construction fourplex delivering a true 6.00% cap rate at $2,575,000. This rare income property offers immediate, predictable cash flow with zero lease-up risk: ideal for end-of-year and 1031 exchange buyers seeking strong returns in a core Los Angeles location. Each unit features modern 3- and 4-bedroom layouts with open floorplans, designer kitchens, in-unit laundry, and premium finishes that command top rents. Eight total parking spaces, separate utility meters, and all new systems ensure minimal operating costs and maximum efficiency. Located just blocks from Echo Park Lake, Silver Lake, and Downtown LA, the property attracts high-earning tenants and benefits from continued submarket growth driven by limited SB 8 supply and consistent rental demand. This is one of the few stabilized assets in LA offering verified 6% performance with clear long-term appreciation upside.

Nearby schools

5/10
Union Avenue Elementary School
Public,•K-5•0.2mi
/10
Lake Street Primary School
Public,•K-1•0.3mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.4mi
4/10
Betty Plasencia Elementary School
Public,•K-6•0.5mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.6mi
/10
Lafayette Park Primary Center
Public,•K•0.9mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•1.3mi
3/10
Sal Castro Middle School
Public,•6-8•0.4mi
5/10
Virgil Middle School
Public,•6-8•1.6mi
3/10
Belmont Senior High School
Public,•9-12•0.4mi

Price History

Date
Event
Price
10/30/25
Listing
$2,575,000
07/05/19
Sold
$800,000
Condition Rating
Excellent
This property is a brand-new 2023 construction fourplex, as explicitly stated in the description and confirmed by the images. The kitchens feature modern white high-gloss cabinetry, new stainless steel appliances (including a microwave, range, and dishwasher), contemporary black fixtures, and light wood-look flooring. The overall aesthetic is clean, modern, and move-in ready with recessed lighting and fresh finishes throughout. All systems are new, indicating no deferred maintenance and meeting current quality standards. While specific bathroom images are not provided, the description mentions 'premium finishes' and the overall new construction strongly suggests equally modern and new bathrooms.
Pros & Cons

Pros

Brand New Construction: Built in 2023, this fourplex offers modern standards, all new systems, and minimal immediate maintenance, appealing to tenants and reducing capital expenditure for the owner.
Exceptional Cap Rate & Stabilized Income: Delivering a verified 6.00% cap rate with immediate, predictable cash flow and zero lease-up risk, making it highly attractive for investors seeking strong, reliable returns.
Premium Unit Features: Each unit boasts modern 3- and 4-bedroom layouts with open floorplans, designer kitchens, in-unit laundry, and premium finishes, designed to command top rents and attract high-quality tenants.
Prime Core Los Angeles Location: Strategically located just blocks from Echo Park Lake, Silver Lake, and Downtown LA, benefiting from strong submarket growth, consistent rental demand, and clear long-term appreciation upside.
Operational Efficiency: Equipped with eight total parking spaces and separate utility meters, ensuring minimal operating costs for the owner and maximum efficiency for the property.

Cons

High Entry Price Point: The $2,575,000 list price represents a significant capital investment, potentially narrowing the pool of eligible buyers despite the attractive cap rate.
Limited Outdoor Amenity Details: The property description does not specify private outdoor spaces (e.g., balconies, patios) or shared recreational areas, which can be a key tenant draw in a dense urban market.
Market Sensitivity to Interest Rates: While offering a strong cap rate, the high purchase price makes the investment sensitive to fluctuations in interest rates, potentially impacting financing costs and overall return for leveraged buyers.

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