1627 S Burlington Avenue, Los Angeles, CA 90006

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 APPX 10% CAP rate and 7.93 GRM, with ample parking for up to 10 vehicles via alley access in the rear parking area. Located in a high-demand rental market near DTLA, USC, and major freeways, this property offers a rare combination of immediate income, development upside, and strong projected returns. With proposed plans in place, full vacancies, and significant future income potential, this property is truly priced to sell and will not last. Rendering images are for illustrative purposes only and may not reflect the current property or finished product.

Listing description from the March 2026 sale, as reported to CRMLS.

Sale history

$850,000

Sold March 2026 · listed $949,800, on market January 2026, 57 days on market · MLS #26640515 · Source: CRMLS

Listing Agent: Vinnie Park · Listing Office: Keller Williams Larchmont · Contact: 323-762-2600 · Bought with: Sharlot Arabshahi · Beverly and Company, Inc.

$660,000

Sold May 2025 · listed $649,000, orig. $849,000, on market March 2025, 29 days on market · MLS #25510019 · Source: CRMLS

Listing Agent: Walter Castillo · Listing Office: Coldwell Banker Realty · Contact: 323-464-9272 · Bought with: Vinnie Park · Keller Williams Larchmont

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