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We are very pleased to present the exclusive opportunity to acquire 259 N. Burlington Avenue, an amazing 8 unit value add apartment building located in Echo Park, one of Los Angeles' most desirable areas to live, play and work! This historic and diverse neighborhood is home to Dodgers Stadium and Echo Park Lake, which recently re-opened after a $45 million renovation. Dine at some of the best restaurants in all of Los Angeles, including Valerie, El Prado, Ototo Sake Bar, Monty's Good Burger and Guisados Tacos which was included in Conde Nast Traveler's guide to "Best Restaurants in the World". Echo Park is also home to the Chavez Ravine Arboretum, the first and oldest Arboretum in Southern California. 259 N. Burlington Avenue is an 8-unit apartment building, 5 of 8 units will be delivered vacant at close of escrow, including a newly constructed 2+1 ADU. Totaling 5,031 SF, this building features six 1-bedroom units and two 2-bedroom units. Seismic retrofit has already been completed. 5 of 8 units delivered vacant, 4 of which are vacant and to be re-imagined and re-leased at market rents and one unit, the newly built 2+1 ADU complete with high-end designer kitchen, in-unit washer/dryer and AC, is ready to be leased at full market rent. Priced at $2,395,000, this 8-unit property will offer (once the 4 vacant units are remodeled and re-leased) a 5.2% cap and a 13 GRM, which future upside in the three under market rents to be increased in the future. 259 N. Burlington Avenue are located just minutes away from Dodger Stadium, Echo Park Lake, USC as well as several billion-dollar developments in Downtown Los Angeles, including L. A. LIVE, Crypto.com and the Red Line Station, as well as several new high-end multi-family developments all nearby. Don't miss the chance to renovate this mostly vacant 8 unit building in a prime Echo Park location! Can be purchase together with 265 N. Burlington, the 6,000 SF lot directly next door with fully approved RTI plans for a new 5 unit multi-family development.