$649,000
- Beds
- 6
- sq ft
- 2,780
1627 S Burlington Ave, Los Angeles, CA 90006
1627 S Burlington Ave
Los Angeles, CA 90006
- 20 days on market
- Price drop $150,000↓
Excellent Investment Opportunity Priced to Sell! Don't miss this rare chance to own a high-performing income property near the heart of Downtown Los Angeles. This legal duplex, currently operating with six rental units, delivers consistent cash flow and strong rental demand. Sitting on a generous 8,007 sq. ft. RD1.5-zoned lot, the property also offers attractive future development potential. Additional highlights include ample parking for up to 10 vehicles with convenient alley access. Located in a high-demand rental market, this is a prime opportunity for savvy investors seeking immediate income and long-term upside. Serious buyers-only property is priced to sell and won't last, current 7.16 Cap rate and 8.81 GRM!
Details
Property type
Lot size
8,007 sq ft
Price per sq ft
$234
Year built
1901
HOA
No
Price History
03/26/2025
CLAW #25510019
Price change
$649,000
-18.77%
03/15/2025
CLAW #25510019
Price change
$799,000
-5.89%
03/11/2025
CLAW #25510019
Listed
$849,000
Schools & Community
Neighborhood:
Pico-Union
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 03/31/2025 at 7:45 AM
Listing updated: 03/26/2025 at 3:55 PM
Listed by: Walter Castillo, Coldwell Banker Realty Phone #: (323) 464-9272
MLS: CLAW #25510019
Recently listed in Los Angeles
$1,999,990|3 bd|3.0 ba|House
$1,675,000|3 bd|2.75 ba|House
$1,049,000|4 bd|3.5 ba|Condo
$799,000|1 bd|1.0 ba|Condo
$649,000|1 bd|2.0 ba|Condo
$7,889,000|5 bd|6.0 ba|House
$1,995,000|2 bd|2.0 ba|Condo
$989,000|2 bd|2.0 ba|House
$7,995,000|5 bd|5.5 ba|House
$749,000|1 bd|1.75 ba|Condo
Explore top cities in California