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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$5,495,000

Est. payment - /mo

27 Beds

27 Baths

12,538 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 12,538 sqft

Price per Sqft $438

MLS Listing ID 25602279

Bedrooms 27

HOA Y/N No

Year Built 2025

Lot Size 9,286 Sqft

Property Description

5.75% Cap Rate. 2923 S Burnside Avenue is a brand-new collection of seven fully-leased townhome style apartments in the heart of Mid-City, Los Angeles. The property includes four 4-bedroom, 4-bath homes two with private 2-car garages, two 4-bedroom, 3.5-bath homes, and one 3-bedroom, 3-bath home. 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. Fully leased and producing consistent income, 2923 S Burnside Avenue offers turnkey investment potential in a high-demand rental market. Brand-new construction ensures minimal maintenance, long-term reliability, and strong cash flow. Located in a prime Mid-City neighborhood with convenient access to central Los Angeles, this property represents a rare opportunity to combine immediate income with long-term stability in the Los Angeles multi-family market.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned, Door-Multi, Garage

Garage Spaces 4.0

Garage Description 4.0

Community Features Gated

Total Parking Spaces 14

Building

Story 3

Entry Level Multi/Split

Sewer Other

Architectural Style Modern

Level or Stories Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 5043022006

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Gated Community,Smoke Detector(s)

Special Listing Condition Standard

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Listed by Yohann Bensimon Keller Williams Hollywood Hills

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2923 S Burnside AVE Los Angeles, CA 90016