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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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161 S Burlington Avenue Los Angeles, CA 90057
$4,350,000 18 beds, 14 baths
6, 874 sqft
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Huge ~500k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.5% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.1% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26657319
List price is $4,350,000 Reduced by $320,000 on 3/25/2026
Beds: 18
Baths: 14
Built in 1950
6,874 sqft
2 stories
0.19 acres
Lot size: 0.1902
County: Los Angeles
Zoning: LAR4
Parking description: Gated
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 3/25/2026

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.063603, -118.267894.
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Listing Agent: Julio Ruiz
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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