2915 S Burnside Avenue Los Angeles, CA $ 1,995,000
2915 S Burnside Avenue
$ 1,995,000
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2915 S Burnside Avenue

Los Angeles, CA, 90016
$ 1,995,000
Bedrooms9 Baths8.0 Sq 4,108

Monthly Estimate*

$ 13,259

Listed by Marcus & Millichap
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 1
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 2
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 3
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 4
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 5
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 6
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 7
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 8
2915 S Burnside Avenue, Los Angeles, CA 90016 - Image 9

Multi-Family Home for sale in Los Angeles, CA

for $1,995,000 with 9 bedrooms and 8 full baths. This 4,108 square foot home was built in 1923 on a lot size of 0.2132.

We are pleased to offer for sale a seven-unit apartment building located at 2915 South Burnside Avenue. The subject property is located just north of Jefferson Boulevard within the desirable West Adams sub-market. Located in the West Adams neighborhood, this sought-after location offers convenient access to fresh new eateries, employment centers and retail. Amazon Studios, Apple, WarnerMedia and Sony all occupy space in neighboring Culver City This influx has caused many tech and media companies to relocate into West Adams which in turn is experiencing tremendous growth fueled by significant development activity and a growing roster of retail & office tenants. Burnside is less than 1 mile away from Cumulus, which has over 100,000 square feet of retail anchored by Whole Foods. Situated on a 9,288 square foot parcel, the property is comprised of five one-bedroom units, one two-bedroom apartment unit and one two-bedroom house. New ownership can potentially add an Additional Dwelling Unit (ADU) to maximize income and appreciation potential.The surrounding area continues to experience gentrification, making West Adams a compelling value-proposition for tenants who are getting priced out of neighboring submarkets. West Adams is poised for employment and rent growth, making 2915 South Burnside an attractive investment opportunity.

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Multi-Family Active

Price

$ 1,995,000

Bedrooms

9

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2132

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24389049

Days on Market

30

Features
General
Zoning LARD1.5
Year Built 1923
Stories 2
Levels Two MultiSplit
Gross Income 171554.0
County Los Angeles
Net Operating Income 112001.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions West of La Brea Avenue & North of Jeffereson Boulevard
City Los Angeles
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 7
MLS Area C16 - Mid Los Angeles
Lot Size Units SquareFeet
Lot Size Square Feet 9288.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Burnside
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 16
Standard Status Active
Year Built Source Assessor
Cap Rate 5.61
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Exterior
Parking Features None
Total Parking 7.0
Lot Size Area 9288.0
Number of Buildings 2
Spa N
Building Area Total 4108.0
Lot Dimensions 60x155
Lot Size Acres 0.2132
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 9
Electric On Property Y/N N
Total Baths 8
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Internal Only
Street Number 1 2915
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* Excluded Features
List By
Marcus & Millichap

Broker

(213) 943-1897

Phone

Affordability Calculator

$13,259
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,259
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$1,995,000 Listed Price

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2915 S Burnside Avenue, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $1,995,000 with 4,108 sqft and a lot size of 0.2132. 2915 S Burnside Avenue has 9 bedrooms, 8.0 baths, and was built in 1923. The property's zip code is 90016 which is in Los Angeles, CA