694 S Burlington Avenue, Los Angeles, California 90057, Los Angeles, 90057 - 0 bed, 0 bath
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Los Angeles, California 90057
Analysis of 694 S Burlington Avenue, Los Angeles, California 90057 is currently available with a list price of $3,900,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1913 with no evidence of recent major renovations. Interior photos reveal dated finishes, surface-mounted electrical conduit, and window AC units rather than central HVAC. The listing description explicitly mentions the need to renovate vacant units to capture upside, placing it in the rehab category.
The property boasts a strong current 7.72% CAP rate with a massive 56% upside potential, projecting to a 15.22% CAP rate once stabilized at market rents.
Priced at only $129 per square foot and $122k per unit, this asset offers a significantly lower entry point compared to average Los Angeles multi-family and mixed-use valuations.
Individual metering for gas and electric reduces landlord utility exposure, while the mixed-use composition provides a diversified income stream from both residential and retail tenants.
Built in 1913, the property likely requires significant ongoing maintenance and capital expenditures to address aging systems and structural components common in century-old buildings.
Managing a high-density 32-unit mixed-use building in Los Angeles involves navigating complex rent stabilization ordinances and the unique challenges of commercial tenant oversight.
694 S Burlington Ave is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $122k/unit and $129/sqft. The property is currently operating at a 7.72% CAP and 7.25 GRM. There is still over 56%+ upside available once the property is stabilized. The property is individually metered for gas and electric. The property is comprised of 26 apartment units and 6 commercial spaces, consisting of (13) 1Bed+1Bath units, (13) Studio+1Bath units, and multiple ground-floor retail/commercial tenants. Current scheduled income is approximately $533,762 annually, with market scheduled income projected at approximately $839,606 annually once stabilized. At market rents, the property projects to a 15.22% CAP and 4.65 GRM, offering an investor a clear path to substantial future income growth. 694 S Burlington Ave is individually metered for gas and electric, helping reduce utility exposure and improve operating efficiency. Currently, two studio units are being delivered vacant, allowing a buyer to immediately renovate, lease at market rents, and capture upside right away. The building also benefits from diversified income through both residential and retail tenancy, reducing reliance on one income source.
No exterior & parking available.
Grades K-5 • 0.0 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 30,319 | 2,864 |
| Lot Size | 22,530 | 7,003 |
| Price | $3.90M | $1.58M |
| Price per sq ft | $129 | $319 |
| Built year | 1913 | 1929 |
| HOA | $0 | $907 |
| Days on market | 14 | 91 |
Jul 8, 2026
$3,900,000
Initial Listing
Jan 11, 2000
$400,000
Public Record