1627 S Burlington Ave Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated payment $5,833/month
Total Views
740
6
Beds
6
Baths
2,780
Sq Ft
$360
Price per Sq Ft
About This Home
Excellent Investment & Development Opportunity, Priced to Sell! 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 four legally converted bedrooms into independent units per LADBS, effectively operating as six rental units. The property already delivers strong rental demand and consistent cash flow, plus three vacant units ready for lease-up or repositioning.The property sits on a generous 8,007 sq. ft. RD1.5-zoned lot and comes with RTI 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 6.5% CAP rate and 10.5 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 RTI plans in place, legal conversions completed, multiple 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,123
Year Built
- Built in 1901
Lot Details
- 8,007 Sq Ft Lot
- Lot Dimensions are 50x159
Interior Spaces
- 2,780 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- 10 Parking Spaces
- Assigned Parking
Utilities
- Heating System Mounted To A Wall or Window
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 5135-011-017
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,123 | $397,763 | $217,150 | $180,613 |
| 2024 | $5,123 | $389,965 | $212,893 | $177,072 |
| 2023 | $5,033 | $382,319 | $208,719 | $173,600 |
| 2022 | $4,814 | $374,824 | $204,627 | $170,197 |
| 2021 | $4,740 | $367,475 | $200,615 | $166,860 |
| 2019 | $4,606 | $356,577 | $194,665 | $161,912 |
| 2018 | $4,503 | $349,587 | $190,849 | $158,738 |
| 2016 | $4,285 | $336,014 | $183,439 | $152,575 |
| 2015 | $4,225 | $330,968 | $180,684 | $150,284 |
| 2014 | $4,253 | $324,486 | $177,145 | $147,341 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $999,800 | +51.5% | $360 / Sq Ft |
| 05/16/2025 05/16/25 | Sold | $660,000 | +1.7% | $237 / Sq Ft |
| 04/09/2025 04/09/25 | Pending | -- | -- | -- |
| 04/08/2025 04/08/25 | For Sale | $649,000 | 0.0% | $233 / Sq Ft |
| 03/28/2025 03/28/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | Price Changed | $649,000 | -18.8% | $233 / Sq Ft |
| 03/15/2025 03/15/25 | Price Changed | $799,000 | -5.9% | $287 / Sq Ft |
| 03/11/2025 03/11/25 | For Sale | $849,000 | -- | $305 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $660,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | American Title Co | |
| Individual Deed | $160,000 | First Southwestern Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $528,000 | New Conventional | |
| Previous Owner | $494,000 | New Conventional | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $292,000 | Unknown | |
| Previous Owner | $181,400 | No Value Available | |
| Previous Owner | $130,000 | Seller Take Back |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 25585009
APN: 5135-011-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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