Active
2923 S Burnside Avenue
Los Angeles CA, 90016
$5,149,000
$497.58 per sqft
Active
27 Beds
26 Baths
10,348 sqft
Residential
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. 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, Disposal, Microwave, Refrigerator, Dryer, Washer
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.21 Acres
Exterior Features
Rain Gutters
Architectural Style
Contemporary
Sewer
Other
Security
Gated Community
Other Property Details
Area Name
C16 - Mid Los Angeles
Days on Market
28
Garage
Yes
Parking
Assigned, Covered, Driveway, Gated, Uncovered
Parking Total
12
View
Yes
View Description
City Lights, Park/Greenbelt
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.
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Data last updated on 3/7/2025 at 11:07 AM UTC