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234 N Burlington St is a rare FULLY STABILIZED 2023 fourplex delivering a strong 5.99% cap rate, just steps from Echo Park Lake"”perfect for 1031 exchange buyers seeking turnkey income in one of LA's hottest rental markets. This new construction fourplex leased immediately to A+ tenants thanks to its ultra-trendy location near Echo Park & Silver Lake, with Bloom & Plume Coffee, Tribal Café, Target, and countless dining and lifestyle options just blocks away. With SB-8 limiting new inventory, stabilized assets like this are increasingly hard to secure. The property features two 4-bed/4.5-bath units and two 3-bed/3.5-bath units with spacious open floorplans, plus 8 total parking spaces (4 garage + 4 surface) accessed via a rear alley. Fully leased, it delivers a strong 5.99% cap rate and offers 1031 investors both immediate income and long-term appreciation. Buyers will also enjoy a 1-year builder's warranty, brand-new systems with little to no maintenance, separate utility meters, and highly desirable finishes including in-unit washer/dryers, premium kitchens, and modern layouts designed to command top rents.
| DAYS ON MARKET | 14 | LAST UPDATED | 9/9/2025 |
|---|---|---|---|
| YEAR BUILT | 2023 | COMMUNITY | C21 - Silver Lake - Echo Park |
| GARAGE SPACES | 4.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | C21 - Silver Lake - Echo Park |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 5998 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 30884 |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/18/25 6:54 AM PDT and /or other sources. 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
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