234 N Burlington Avenue, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath
234 N Burlington Avenue
Los Angeles, California 90026
Property Price
SUMMARY
Analysis of 234 N Burlington Avenue, Los Angeles, California 90026 is currently available with a list price of $2,575,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 234 N Burlington Avenue
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 2023
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Union Avenue Elementary School
Grades K-5 • 0.2 mi
Lake Street Primary School
Grades K-1 • 0.3 mi
Rosemont Avenue Elementary School
Grades K-5 • 0.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,798 | 2,494 | 85% |
| Lot Size | 6,000 | 5,892 | 54% |
| Price | $2.58M | $1.20M | 85% |
| Price per sq ft | $537 | $537 | 50% |
| Built year | 2023 | 1929 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 197 | 31% |
Pricing History
Listed for Sale
Oct 30, 2025
$2,575,000
Initial Listing
Sold
Jul 5, 2019
$800,000
Public Record