If you do that, you'll get an address with arbitrary characters not what you wanted to have like all ones similar to the one OP shared. In order to get that type of address with a large number of predefined characters you need to start backwards meaning from the address itself (the details were posted before).
I don't understand. Isn't the OP asking how to make burning addresses, just like the address in title?
Yes but since Base58 does not perfectly fit inside Base2/16, there will be some leftover just like how a single Base10 digit requires 1-5 digits of base2. So you can't just modify a few bits in the hash160 and expect it to change only a single character, it will have a knock-on effect on many Base58 characters.