Active
272 S Burlington AVE
LOS ANGELES CA, 90057
$1,149,000
$413.61 per sqft
Active
3 Beds
2 Baths
2,778 sqft
Multi-family
Built in 1923
40% VACANT (2 of 5 Units) / OWNER USER OPPORTUNITY - As the exclusive listing agent, we are 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 2,778 SF, sitting on an elevated corner lot with a vacant detached owner-user unit and city views. The Burlington offers an investor a significant value-add opportunity with approximately 35% (+/-) 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.
SR24214257MR
MLSⓇ ID
October 15, 2024
Listed
February 22, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.12 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Silver Lake - Echo Park
Days on Market
129
Garage
Yes
Garage Spaces
3
Parking Total
3
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAC2
Listing History
Date | Event | Price |
---|---|---|
2/21/2025 | Price change | $1,149,000 -1% |
2/6/2025 | Price change | $1,150,000 0% |
1/22/2025 | Price change | $1,149,000 -1% |
1/14/2025 | Price change | $1,150,000 0% |
1/7/2025 | Price change | $1,149,000 -1% |
11/13/2024 | Price change | $1,150,000 0% |
11/6/2024 | Price change | $1,149,000 -1% |
Listed by Jared Levine with Keller Williams Realty Calabasas
Listing Contact: 818.657.6556
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Iota Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 2/22/2025