234 N BURLINGTON AVE Los Angeles CA 90026-5420

The 2-4 Unit Specialists are pleased to present 234 N Burlington St, a rare FULLY STABILIZED 2023 fourplex walking distance to the Echo Park Lake! This stabilized fourplex attracted A+ tenants quickly thanks to its ultra trendy location near Echo Park & Silver Lake. Moments on foot to Bloom & Plume Coffee, Tribal Cafe, Target on Temple, and so much more! With SB-8 in effect, new construction property inventory is at an all-time low- making it more important than ever to tie up these valuable properties as early as possible!

234 N Burlington is made up of two 4-bedroom, 4.5- bathroom units & two 3-bedroom, 3.5-bathroom units, all with incredibly spacious, open floorplans. The property boasts 8 parking spots (4 garage spaces and 4 exterior spaces) all accessed from a convenient back alley! This incredible project has an excellent stabilized cap rate of 5.29%!

In addition to the high return, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. The units feature: washer and dryer in each unit, extremely spacious, open floor plans, and high quality finishes.

https://www.myunits.com/buy/234burlington

· Outstanding STABILIZED cap rate of 5.29%! Cash cow.

· Delivered 100% leased!

· MASSIVE units with premium floorplans.

· Multi-dimensional, architecturally impressive exterior.

· Boasts ultra-high-end finishes and top-tier construction. This is not your typical new construction multi-unit!

· Ideal unit mix of two 4 bedroom and two 3-bedroom units!

· Minutes walking to Glendale Blvd with all of the trendy Echo Park hot spots!

· All units separately metered for gas, electric AND water! Very low expenses!

· Dream 1031 exchange opportunity.

· With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.