202 N Burlington Avenue, Los Angeles, CA 90026

GREAT INVESTMENT OPPORTUNITY located in Historic Filipino Town! Property comprise of 2 buildings. Building 202 has 6 units, comprising of 2, 2bed/1bath. The remaining 4 units feature 1bed/1bath. Building 204 has 3 units, comprising of 1, 2bed/2bath and 2, 1bed/1bath.The total living space is divided among 9 units. The building is zoned LARD1.5, classified as a small subdivision, allowing for multiple dwellings and potential conversion and further development, making it attractive to Real Estate Investors and Developers. Current unit rents are below market with tremendous potential for increase. This walk-up apartment complex comprises 9 units. This property offers more favorable rent control and the ability to access market rents quicker. Parking is on-site with 11 spots including 4 spaces with gated parking. Favorable to tenants, the property is located within short distances to the 101 Freeway and LADMC. Downtown Los Angeles, Hollywood, Echo Park and Silverlake are all within short car rides away from the property. The 101 Freeway, public transportation, schools, shops, dining and entertainment contribute to the marketability to prospective renters and tenants. With excellent historical rent growth in the area and its central location, the property’s general location and mixed demographic continues to be one of the premiere apartment submarkets in Los Angeles. A rare find with 12000 sf of lot. Backs an alleyway for direct parking access. All units are occupied by long term tenants.