Active

2923 S Burnside Avenue

Los Angeles CA, 90016

$5,149,000


$497.58 per sqft

Active

10,348 sqft

Commercial

Built in 2025

Listed by Barbara Isabel with Keller Williams Beverly Hills 213-259-5283

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

25499447

MLS ID

February 17, 2025

Listed

March 7, 2025

Updated

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.21 Acres


Lot Features

Cul-De-Sac


Security

Gated Community, 24 Hour Security

Other Property Details

Area Name

C16 - Mid Los Angeles


Days on Market

17


Garage

No


Parking Total

12


View

No


County

Los Angeles


Zoning

LARD1.5

Listing Contact: 310-432-6400 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/7/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/7/2025 at 11:07 AM UTC

 

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