49
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$5,149,000
Est. payment /mo
9,286 Sqft Lot
Active
2923 S Burnside AVE Los Angeles, CA 90016
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UPDATED:
03/07/2025 04:09 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25499447
HOA Y/N No
Year Built 2025
Lot Size 9,286 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Central
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 12
Building
Lot Description Cul-De-Sac
Story 3
Others
Tax ID 5043022006
Security Features Gated Community,24 Hour Security
Special Listing Condition Standard
Listed by Barbara Isabel • Keller Williams Beverly Hills