708 Burger Avenue, East Los Angeles, CA 90022
- $2,350,000
List Agent ROBERT E. SILVA () 323-597-5252 SILVA REAL ESTATE GRP.; CoList ()
- List Price
- $2,350,000
- Status
- ACTIVE
- MLS#
- WS26128234
- Year Built
- 1972
- Lot Size
- 10,625
- Lot Location
- Front Yard
- Days on Market
- 50
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
708 Burger Ave presents an excellent opportunity to acquire an eight-unit apartment building in East Los Angeles. This well-kept asset offers reliable income and future growth potential in a high-demand rental market. The property benefits from additional parking income with four rented spaces and strong tenant demand due to its central location near amenities and transportation. With an estimated 5.87% cap rate and 12.44 GRM, this property provides a balanced investment with both cash flow and upside. A low-maintenance building suitable for investors looking to expand their portfolio in a proven rental area.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.