Property Details
About this Property
234 N Burlington St is a rare FULLY STABILIZED 2023 fourplex delivering a strong 5.99% cap rate, just steps from Echo Park Lake—perfect for 1031 exchange buyers seeking turnkey income in one of LA’s hottest rental markets. This new construction fourplex leased immediately to A+ tenants thanks to its ultra-trendy location near Echo Park & Silver Lake, with Bloom & Plume Coffee, Tribal Café, Target, and countless dining and lifestyle options just blocks away. With SB-8 limiting new inventory, stabilized assets like this are increasingly hard to secure. The property features two 4-bed/4.5-bath units and two 3-bed/3.5-bath units with spacious open floorplans, plus 8 total parking spaces (4 garage + 4 surface) accessed via a rear alley. Fully leased, it delivers a strong 5.99% cap rate and offers 1031 investors both immediate income and long-term appreciation. Buyers will also enjoy a 1-year builder’s warranty, brand-new systems with little to no maintenance, separate utility meters, and highly desirable finishes including in-unit washer/dryers, premium kitchens, and modern layouts designed to command top rents.
MLS Listing Information
MLS #
CRBB25199178
MLS Source
California Regional MLS
Days on Site
14
Interior Features
Appliances
Other
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 4 Car(s)
Contact Information
Listing Agent
Lauren Cearley
Myunits.com Inc.
License #: 02146823
Phone: –
Co-Listing Agent
Isaac Davidi
The Davidi Company
License #: 01819489
Phone: (310) 877-9425
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,089 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
234 N Burlington Ave is a Residential Income in Los Angeles, CA 90026. This – square foot property sits on a 6,000 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,575,000 and was built in 2023. This address can also be written as 234 N Burlington Ave, Los Angeles, CA 90026.
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This listing information is up-to-date as of September 05, 2025. For the most current information, please contact Lauren Cearley
