1735 7th St // 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 $134k/unit and $141/sqft. The property is currently operating at a 6.68% CAP and 8.30 GRM. There is… Read More still over 51% upside available once the property is stabilized. The property is individually metered for gas and electricity. The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1Bed+1Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are vacant, offering immediate upside in rental income. 694 S Burlington Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-425-9838
Listing Snapshot
Days Online
0
Last Updated
Property Type
Mixed Use
Lot Size
0.52 Acres
Year Built
1913
MLS Number
SB25193453
30 Days Snapshot Of 90057
$510k
0%
(avg) sold price
70
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1913, Building area total: 30,319, Levels: ThreeOrMore, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Urban
Expenses
Fuel expense: $9,373, Insurance expense: $22,739, New taxes expense: $53,750, Operating expense: $215,537, Trash expense: $25,865, Water sewer expense: $59,957
Income
Gross income: $502,577, Net operating income: $287,040
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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