1627 S Burlington Avenue, Los Angeles, CA 90006

• 2,780 sqft

Property Description

DELIVERED FULLY VACANT. Don't miss this rare chance to own a high-performing income property with immediate upside near the heart of Downtown Los Angeles. This legal duplex has been improved with five legally converted bedrooms into independent units per LADBS, effectively operating as seven existing units in total two 1-bedroom units and five studios. This would be a two-family and five guest room dwelling, with R Occupancy per the Cirtificate of Occupancy by City of Los Angeles. The property already delivers strong rental demand and consistent cash flow, with five units to be delivered vacant offering investors immediate flexibility for lease-up, repositioning, or redevelopment. It sits on a generous 8,007 sq. ft. RD1.5-zoned lot and comes with proposed plans for four additional units, allowing investors to unlock the full potential of the huge backyard with wide alley access. Once completed, the four ADUs are expected to generate approximately $10,000 per month in additional rental income, creating a powerful long-term value-add opportunity while benefiting from the property's existing income stream.Investment highlights include an attractive CURRENT 8.4% CAP rate and 8.8 GRM, with ample parking for up to 10 vehicles via alley access in the rear parking area. Located in a high

Listing Status:

Active

Date Added:

August 29, 2025 at 05:00AM

Listing Office:

Keller Williams Larchmont : 323-762-2600

Listing Agent:

Vinnie Park : 213-332-9045

MLS ID:

CL25585009

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Assigned

Location

• County: Los Angeles

Lot

• Zoning: LARD5135011017

This listing courtesy of Vinnie Park, Keller Williams Larchmont