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.
New construction
Price cut: $5K (12/9)
$5,490,000
2923 S Burnside Ave, Los Angeles, CA 90016
27beds
27baths
12,538sqft
Est.:
Multi Family
Built in 2025
-- sqft lot
$5,355,300 Zestimate®
$438/sqft
$-- HOA
What's special
Modern amenitiesMaximize natural lightLivable spaceSleek modern interiorsHigh-quality finishesIn-unit laundryOpen floor plans
- 66 days |
- 186 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 08:36am
Listed by:
Yohann Bensimon DRE # 01966630 310-923-1550,
Keller Williams Hollywood Hills 310-623-1300
Source: CLAW,MLS#: 25602279
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 27
- Bathrooms: 27
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Freezer, Microwave, Washer, Refrigerator, Range/Oven, Tankless Water Heater, Gas Water Heater
- Laundry: In Unit
Interior area
- Total structure area: 12,538
- Total interior livable area: 12,538 sqft
Property
Parking
- Total spaces: 14
- Parking features: Assigned, Garage - 2 Car
- Garage spaces: 4
Features
- Levels: Multi/Split
- Stories: 3
- Exterior features: Balcony
Lot
- Size: 9,286.99 Square Feet
- Dimensions: 50 x 155
Details
- Additional structures: None
- Parcel number: 5043022006
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Multi Family
Condition
- New Construction
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: In Street
Community & HOA
Community
- Security: Gated, Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $438/sqft
- Tax assessed value: $1,799,892
- Annual tax amount: $22,148
- Date on market: 10/9/2025
- Tenant pays: Electricity, Gas, Water, Trash Collection
Estimated market value
$5,355,300
$5.09M - $5.62M
$3,783/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Price change | $5,490,000-0.1%$438/sqft |
Source: | ||
| 10/9/2025 | Listed for sale | $5,495,000+6.7%$438/sqft |
Source: | ||
| 3/25/2025 | Listing removed | $5,149,000$411/sqft |
Source: | ||
| 2/6/2025 | Listed for sale | $5,149,000+197.6%$411/sqft |
Source: | ||
| 6/15/2022 | Sold | $1,730,000+28.1%$138/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,148 +0.9% | $1,835,889 +2% |
| 2024 | $21,950 +2% | $1,799,892 +2% |
| 2023 | $21,525 +4.1% | $1,764,600 +990.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$34,598/mo
Principal & interest
$27369
Property taxes
$5307
Home insurance
$1922
Climate risks
Neighborhood: West Adams
Nearby schools
GreatSchools rating
- 8/10Marvin Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Daniel Webster Middle SchoolGrades: 6-8Distance: 4.1 mi
- 3/10Susan Miller Dorsey Senior High SchoolGrades: 9-12Distance: 1 mi
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