2923 S Burnside Ave - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$5,149,000 USD
213-259-5283
2923 S Burnside Ave, Los Angeles, CA for Sale
$5,149,000 USD
Apartments - FOR SALE
1/24
null | 6.45% Cap Rate

2923 S Burnside Ave
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • NO RENT CONTROL - Short or Long Term Rental alike
  • OPPORTUNITY ZONE - Substantial Tax Benefit
  • High-Quality Construction 11-12 ft Ceilings
  • Low Maintenance Costs - All units separately metered
  • Prime West Adams Location - Rapidly growing and gentrifying neighborhood 2 mins from Whole Foods

OVERVIEW

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 6.5%, 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. The property is 100% vacant. Call/Text now to schedule your private tour! Serious inquiries only.

FOR SALE DETAILS

PRICE

$5,149,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

7

PRICE/UNIT

$735,571

CAP RATE

6.45%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burnside by West Adams

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,286 SF

ZONING

LARD1.5

APN/PARCEL ID

5043-022-006

ASK ABOUT THIS PROPERTY

Barbara IsabelKeller Williams Beverly HillsMore Info
213-259-5283

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Barbara IsabelKeller Williams Beverly HillsMore Info
213-259-5283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.