2921 S Burnside Ave - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$5,395,000 USD
424-317-7410
2921 S Burnside Ave, Los Angeles, CA for Sale
$5,395,000 USD
Apartments - FOR SALE
1/36
null | 6.1% Cap Rate

2921 S Burnside Ave
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • 2923 Burnside Avenue presents the opportunity to purchase a seven modern, fully stabilized, and cash-flowing townhouse-style apartment complex.
  • Residents enjoy features such as on-site parking with two spaces allocated for each unit, as well as private patios, balconies, and yards.
  • Covering 12,538 SF, this newly built, contemporary building features 27 bedrooms and bathrooms with open-air floor plans flooded in natural light.
  • Located in central Los Angeles, within the Mid-City neighborhood, with convenient access to Culver City, DTLA, Hollywood, and LAX via I-10 and 405.

OVERVIEW

2921 S Burnside Avenue is a brand-new collection of seven fully-leased townhouse-style apartments in the heart of Mid-City, Los Angeles. The property includes four 4-bedroom, 4-bath townhomes (two including private two-car garages), two 4-bedroom, 3.5-bath homes, and one 3-bedroom, 3-bath home, totaling 14 assigned parking spaces. Units offer assigned parking, in-unit laundry, and private balconies or outdoor spaces, while spacious layouts provide clear separation between living, dining, and bedroom areas for both privacy and comfort. Designed with contemporary architecture and open floor plans, these townhome-style units maximize natural light and space. High-quality finishes and thoughtful attention to detail create sleek, modern interiors that are as functional as they are stylish. Every unit provides a combination of livable space and modern amenities that appeal to today's renters. The brand-new construction ensures minimal maintenance, long-term reliability, and strong cash flow. Fully leased and producing consistent income plus $50/month income from storage, 2921 S Burnside Avenue offers turnkey investment potential in a high-demand rental market. Mid-City is a central Los Angeles neighborhood, bordered by Downtown to the east and Beverly Hills to the west. The neighborhood is known for its vibrant streets, eclectic dining, local shops, and easy access to major transit routes. Its central location provides quick connections to key destinations across Los Angeles, including Hollywood, Santa Monica, and West Los Angeles, making it a well-connected and active part of the city. 2921 S Burnside Avenue represents a rare opportunity to combine immediate income with long-term stability in the Los Angeles multifamily market.

FOR SALE DETAILS

PRICE

$5,395,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

7

PRICE/UNIT

$770,714

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,283 SF

ZONING

LARD1.5

APN/PARCEL ID

5043-022-006

ASK ABOUT THIS PROPERTY

Yohann BensimonIkon AdvisorsMore Info
424-317-7410

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Yohann BensimonIkon AdvisorsMore Info
424-317-7410

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