David Levine Bramante, team leader of Levine Commercial, is proud to present the exclusive listing for sale of 127 N Burlington Avenue, Los Angeles, CA 90026.
Great Investment four-plex near trendy Echo Park. Los Angeles zoned LARD1.5 with long-term tenants and below market rents. Property consists of two 2-bedroom / 1-bathroom units, one 1-bedroom / 1-bathroom unit, and 1 single / one-bathroom unit and 6 gated parking spaces.
Top units have amazing views of Downtown LA skyline, Hollywood Sign, Griffith Park Observatory. The large lot allows for a small possible subdivision of 6-unit condo development, apartment building or add 2 ADUs in the back to maximize ROI.
Alley allows for maximized parking access which is currently not being used.
The area is a historic Filipinotown immediately adjacent to Echo Park and offers quick access to major public transportation, vehicular grids and a mere 5-minute drive to Downtown LA.
Recent updates include new 200-amp electrical panel, iron work, asphalt driveway, parking, new paint, updated plumbing, and updated tile work. Master-metered electricity.
Located within blocks of new developments this property will immediately appreciate in value and may soon be considered as part of Downtown Los Angeles.
**Buyer is responsible to do all due diligence with city. Do not disturb tenants or walk on the property.