
Los Angeles, California 90057
This 5-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $925,000—positioned well below the $1,053,910 Fair Market Value by 12%. This valuation gap offers $128,910 in Instant Equity. With a Condition Rating of 4, the property features recent electrical, roofing, and plumbing upgrades. Delivered 40% vacant with 30% rental upside, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a high-demand, gentrifying Westlake North location with city views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 272 S Burlington Subject | $925,000* List Price | 2 | 1 | 2,778 | $379 | - |
A 127 S Westlake Avenue Active | $915,000 List Price | 3 | 2 | 2,270 | $403 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this property is over 100 years old but has had essential system upgrades to the roof, electrical, and plumbing. The interior images show a dated kitchen (likely 20+ years old) and worn original hardwood floors, indicating it needs cosmetic updates and minor repairs rather than a full structural rehab.
Delivered 40% vacant with an estimated 30% rental upside, this 5-unit property offers a prime opportunity for immediate market-rate leasing or an owner-user to occupy the detached unit.
Situated in the high-demand Westlake North submarket, the property boasts exceptional proximity to major cultural and commercial hubs including Echo Park, DTLA, and Koreatown.
The property has undergone essential updates to the electrical, roofing, and plumbing systems, significantly reducing the immediate capital expenditure required for a new owner.
Built in 1923, the property's age may present ongoing maintenance challenges and structural considerations typical of vintage buildings that require higher long-term reserves.
The majority of the immediate neighborhood schools are rated between 3 and 5, which may limit the property's appeal to families prioritizing high-performing educational districts.
Why buy a SFR, when you can live in a 2+1 Owner User Unit with 4 other potential income producing units. Property is 40% Vacant (2 of 5 units). As the exclusive listing agent, is 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 2,778SF, sitting on an elevated corner lot with a detached owner-user unit and city views. The Burlington offers an investor a significant value-add opportunity with approximately 30% (+/-) 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
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.4 mi
Grades K-1 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 2,778 | 2,078 | 60% |
| Lot Size | 5,172 | 4,792 | 60% |
| Price | $925.0K | $945.0K | 40% |
| Price per sq ft | $333 | $459 | 40% |
| Built year | 1923 | 1920 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 152 | 20% |
Apr 29, 2026
$925,000
Initial Listing
Jul 31, 2015
$629,000
Public Record
Dec 16, 2005
$585,000
Public Record