127 N Burlington Ave near Echo Park

127 N Burlington - Aerial Front

Summary

David Levine Bramante, in partnership with Douglas Elliman Beverly Hills, is very proud to present the exclusive listing for sale of 127 N Burlington Avenue, Los Angeles, CA 90026. 

Great Investment fourplex 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.

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.