708 Burger AVE, East Los Angeles, CA 90022
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708 Burger AVE, East Los Angeles, CA 90022
708 Burger AVE, East Los Angeles, CA 90022
708 Burger AVE, East Los Angeles, CA 90022
708 Burger AVE, East Los Angeles, CA 90022
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708 Burger AVE East Los Angeles, CA 90022

10,624 Sqft Lot


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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26128234

HOA Y/N No

Year Built 1972

Lot Size 10,624 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR3*

Interior

Heating Wall Furnace

Fireplace No

Laundry Inside

Exterior

Parking Features Assigned

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Suburban

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5247001008

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Special Listing Condition Standard


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Listed by ROBERT E. SILVA SILVA REAL ESTATE GRP. 323-251-1975, DRE #00860584
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708 Burger AVE