14 bedroom house for sale

Overview

The property boasts 8 parking spots (4 garage spaces and 4 exterior spaces) all accessed from a convenient back alley

234 N Burlington St is a rare 2023 construction fourplex walking distance to the Echo Park Lake! This fully stabilized fourplex attracted A+ tenants quickly thanks to its ultra trendy location near Echo Park and Silver Lake and highly rentable floorplans. Moments on foot to Bloom and Plume Coffee, Tribal Cafe, Target on Temple, and so much more! With SB-8 in effect, new construction property inventory is at an all-time low- making it more important than ever to tie up these valuable properties as early as possible! 234 N Burlington is made up of two 4-bedroom, 3.5- bathroom units and two 3-bedroom, 3.5-bathroom units, all with incredibly spacious, open floorplans. The property boasts 8 parking spots (4 garage spaces and 4 exterior spaces) all accessed from a convenient back alley! This incredible project has an excellent stabilized cap rate of 5.14%! In addition to the high return, buyers will enjoy other notable perks including: a 1-year builders warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water and electric, and extreme desirability amongst renters. The units feature: washer and dryer in each unit, extremely spacious, open floor plans, and high quality finishes.