$2,575,000
234 N Burlington Avenue, Los Angeles CA 90026
Multi-Family (Fourplex)
Property type
218 days
On market
$537
Price per sqft
4 cars
Garage
2023
Year built
6,000 sqft
Lot size
Home highlights
Open Houses
Overview
234 N Burlington Ave | A Fully stabilized 2023 construction fourplex delivering a true 6.00% cap rate at $2,575,000. This rare income property offers immediate, predictable cash flow with zero lease-up risk: ideal for end-of-year and 1031 exchange buyers seeking strong returns in a core Los Angeles location. Each unit features modern 3- and 4-bedroom layouts with open...
Listing provided by: Lauren Cearley DRE #02146823 213-302-8662, Myunits.com Inc., Cheyenne Womack DRE #02064825 805-973-7470, Myunits.com Inc.
Listing updated: May 14, 2026 at 09:28pm.
Last checked: Jun 4, 2026 at 04:30am
Source: CRMLS #BB25250782
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 4 | 4 | 1 | $3,895 | $3,895 | $3,895 | Unfurnished |
| 1 | 4 | 4 | 1 | $4,450 | $4,450 | $4,450 | Unfurnished |
| 1 | 3 | 3 | 1 | $3,995 | $3,995 | $3,995 | Unfurnished |
| 1 | 3 | 3 | 1 | $3,995 | $3,995 | $3,995 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 5
Separate Gas Meters: 4
Separate Water Meters: 4
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $16,335
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
13.1x
List Price / Annual Gross Rent
Cap Rate
6%
NOI / List Price
Gross Scheduled Income: $196,020
Vacancy Allowance Rate: 3%
Operating Expense: $3,554
Net Operating Income: $154,586
Annual Operating Expenses
Electric: $750
Gardener: $1,000
Fuel: $0
Insurance: $1,919
Maintenance: $1,000
New Taxes: $30,884
Trash: $0
Water / Sewer: $0
Interior
Room Type: Kitchen, Laundry, Living Room
Cooling: Central Air
Heating: Central
Fireplace: None
Laundry: Inside
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Landscaped
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Electric: Standard
View: Neighborhood
Garage and Parking
Parking: Assigned
Garage Spaces: 4
Uncovered Spaces: 4
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5159009005
Additional Parcels: No
Tax Lot: 15
Zoning: LARD1.5
Tax Block: 1
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 234 N Burlington Avenue, Los Angeles, CA 90026. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,060,000
Total Interest
$2,627,416
Total Payment
$4,687,416
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,853
per month
Property History for 234 N Burlington Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90026.
Similar Homes
Listings with similar prices to 234 N Burlington Avenue