272 S Burlington Avenue

Los Angeles, CA 90057

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,778 Sqft
  • 5172
    Sqft(Lot)
$998,000

Description

40% vacant (2 of 5 units) / owner user opportunity - as the exclusive listing agent, we are pleased to present the opportunity to acquire the burlington in the submarket of westlake north (la market) and in close proximity to echo park, hollywood, koreatown, and dtla. this offering includes a 5-unit charming bungalow multifamily building built in 1923 with a footprint of approximately 2,778 sf, sitting on an elevated corner lot with a vacant detached owner-user unit and city views.



the burlington offers an investor a significant value-add opportunity with approximately 35% (+/-) of potential upside in rents spread across a desirable unit mix. the property has seen upgrades to the electrical, roofing, and plumbing under the current ownership. delivered 40% vacant (2 of 5 units), the property provides the possibility of leveraging the high demand for both market-rate and section 8 tenants. this well-located multifamily property offers a rare opportunity to secure a unique corner lot property for both investors and owner-users in a high-demand rental pocket surrounded by new development and continued gentrification.



the burlington is situated in westlake north, a diverse and vibrant neighborhood. the property is located close to echo park, hollywood, koreatown, and downtown los angeles, providing easy access to cultural and commercial hotspots. westlake north offers a mix of history and growth, making it a highly attractive area for tenants. additionally, the property is near echo park lake, numerous cafes, restaurants, and other amenities, offering a rich living experience. this neighborhood continues to experience growth due to its centrality and ongoing gentrification.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47312381

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1923
    • Building Area Total: 2,778

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1187
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5172

  • Listing Price Information

    • Original List Price: 998,000
    • Listing Contract Date: 2024-10-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5153002001

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C21 - Silver Lake - Echo Park
    • Postal Code Plus 4: 2554
    • Directions: 3rd and Burlington
    • Zoning: LAC2
    • Source Property Type: Residential Income
    • Area: C21 - Silver Lake - Echo Park
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 102
    • Common Walls: 1 Common Wall
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
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BuyOwner last updated this listing 06/14/2025 @ 05:12

  • MLS: SR24214257
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 2,778 sqft, 5,172 sized lot, and 3 parking. are nearby neighborhoods.