694 S Burlington Avenue

Los Angeles, CA
$ 3,900,000 Beds 0 Baths 1 Sq 30,319
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 3,900,000
  • City
  • Los Angeles
  • Bedrooms
  • 0
  • Full Bathrooms
  • 1
  • County
  • Los Angeles
  • Half Bathrooms
  • 0
  • Area
  • Downtown L.A.
  • Lot Size
  • 0.5172 Acres
  • Zip
  • 90057
  • Sqr Footage
  • 30,319
  • Year Built
  • 1913
  • Style
  • MLS#
  • SB26135648
Listed By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
Data Source: California Regional MLS (CRMLS)

Features

General

Sewer PublicSewer
Garage Spaces 3
Pool Features None
Year Built 1913
Property Subtype MixedUse
Gross Income 537958
Community Features Suburban
County Los Angeles
Net Operating Income 301077
Operating Expense 220743
Insurance Expense 30941
New Construction false
Property Type ResidentialIncome
Contingency none
MaintenanceExpense 13447
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions DOWNTOWN LOS ANGELES, 10 AND 110 FREEWAYS
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 32
MLS Area C42 - Downtown L.A.
Lot Size Units SquareFeet
Lot Size Square Feet 22530
Number of Units Leased 32
Listing Terms Cash,CashToNewLoan,Conventional,Exchange1031
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 25865
Water Sewer Expense 59957
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 1234
Total Actual Rent 44645
Property Sub Type Additional MixedUse
Expected Active Date 2026-07-08
Taxes 48750
Cap Rate 7.72
PostalCity LOS ANGELES

Interior Features

Total Stories 3
Common Walls TwoCommonWallsOrMore
Laundry Features SeeRemarks
Entry Level 1

Exterior Features

Lot Features ZeroToOneUnitAcre
Water Source Public
Total Parking 3
Lot Size Area 22530
Number of Buildings 1
Building Area Total 30319
Lot Size Acres 0.5172
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 33
Number of Separate Gas Meters 33
Number of Separate Electric Meters 33

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Temecula, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/7/2026 Listed $3,900,000

Property vs Zip Code Average in 90057

Price
AVG $1.44M
$3.9M
Year Built
AVG 1925
1913

Areas That We Cover

694 S Burlington Avenue Los Angeles, CA is a Single Family Home for sale at $3900000 with 30319 sqft and a lot size of 0.5172 Acres Acre(s). 694 S Burlington Avenue Los Angeles has 0 bedrooms, 1 baths and was built in 1913. The property's zip code is 90057 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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