1735 7th Street, Los Angeles, CA 90057

1735 7th St // 694 S Burlington Ave is a 32-unit mixed use building

located in the Pico Union neighborhood. This

massive 30,319 sqft building is offered at only

$134k/unit and $141/sqft. The property is currently

operating at a 6.68% CAP and 8.30 GRM. There is still

over 51% upside available once the property is

stabilized. The property is individually metered for gas

and electricity.

The building is comprised of (26) apartment units

and (6) Retail Spaces – consistent of (13)

1Bed+1Bath, (13) Studio+1Bath. Currently (2)

studio/1-bath units are vacant, offering immediate

upside in rental income.

694 S Burlington Ave is conveniently located just

minutes from Downtown Los Angeles, with easy

access to the 10 and 110 freeways. There are many

shops, restaurants and amenities nearby, making

this an ideal location for renters.