2923 S Burnside Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,348 sqft
Price per Sqft $497
MLS Listing ID 25495307
Style Contemporary
Bedrooms 27
Construction Status New Construction
Year Built 2025
Lot Size 9,286 Sqft
Acres 0.2132
Property Sub-Type Multi-Family
Property Description
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.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD1.5
Rooms
Other Rooms Accessory Bldgs
Interior
Heating Central
Cooling Central
Flooring Laminate
Equipment Dishwasher, Dryer, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven
Laundry In Unit
Exterior
Parking Features Assigned, Driveway, Garage - 4+ Car, Garage Is Attached, Gated, Uncovered, Covered Parking
Garage Spaces 12.0
Waterfront Description None
View Y/N Yes
View Green Belt, City, City Lights
Building
Lot Description 5 + Lots, Fenced
Story 3
Sewer In Street
Water Public
Architectural Style Contemporary
Level or Stories Three Or More
Construction Status New Construction
Others
Special Listing Condition Standard