Active
2923 S Burnside Ave
Los Angeles CA, 90016
$5,149,000
$497.58 per sqft
Active
27 Beds
26 Baths
10,348 sqft
Multi-family
Built in 2025
PROPERTY CAN BE DELIVERED WITH 4 OF THE 7 UNITS RENTED!! GET IN BEFORE IT'S TOO LATE. LIFETIME INVESTMENT OPPORTUNITY IN THE HEART OF WEST ADAMS | OPPORTUNITY ZONE | NON RENT CONTROL. The Barbara Isabel team is pleased to present you this once-in-a-lifetime opportunity to own 7 brand-new ultra luxurious townhouses in Opportunity Zone in the highly sought after West Adams. No investment opportunity like this has ever been offered before at this price. Located on a private cul-de-sac, these ultra modern, high-end residences with 11 to 12 ft ceilings are ideal for investors seeking long-term wealth assets of the utmost quality in an unprecedented location just 2 mins away from Whole Foods. With a projected cap rate of 6.50%, 2923 Burnside Ave is composed of 10,358 sq ft of livable space divided into six massive 4 bed, 4 bath tri-level townhome style units and one 3 bed, 3 bath two story ADU. Each unit has been attentively designed with modern architecture, spacious open floor plans, in unit washer and dryer, upscale finishes, top tier all electric appliances, and ADT security systems. Given that this property is NOT subject to rent control, investors have full flexibility in setting high-end rental rates and doing short term rental alike, ensuring maximum ROI and long-term appreciation. The property also boasts 12 designated spaces plus 2 bonus spots with a mix of covered and uncovered parking and all units are all separately metered for all utilities, meaning minimal operating expenses for you. Call/Text now to schedule your private tour! Serious inquiries only.
25495307
MLSⓇ ID
February 6, 2025
Listed
March 7, 2025
Updated
Interior Features
Total Stories
3
Bedrooms
27
Total Bathrooms
26
Appliances
Dishwasher, Dryer, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven
Laundry Description
In Unit
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.21 Acres
Lot Features
5 Lots, Fenced
Sewer
In Street
Security
Gated
Other Property Details
Area Name
Mid Los Angeles
Days on Market
28
Garage
Yes
Parking
Assigned, Driveway, Garage - 4 Car, Garage Is Attached, Gated, Uncovered, Covered Parking
Parking Total
12
View
Yes
View Description
Green Belt, City, City Lights
County
Los Angeles
Water Source
Public
Waterfront Features
None
Zoning
LARD1.5
Listed by Barbara Isabel with Keller Williams Beverly Hills
Listing Contact: 213-259-5283
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor GIA CASTY | CA DRE# 01520830 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 3/7/2025