2923 S Burnside Ave

$5,490,000
Price
27
Beds
27
Baths
12,538 Sq. Ft.
$438 / Sq. Ft.
12,538
Sq. Ft.
$438
per Sq. Ft.

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....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.
  1. Listed by Yohann Bensimon • DRE #01966630 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills

Property Details for 2923 South Burnside Avenue

Zoning
LARD1.5
Style
Modern
Parcel Number
5043022006
Total Units
7.0
Living Area
12538
Source Living Area
Plans
Area
Mid Los Angeles (C16)
Vacancy Rate
0
LISTING UPDATED: 12/08/2025 04:36 PM

Property Details for 2923 South Burnside Avenue

StatusActive
MLS #25602279
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2025
Lot Size0.21 AC / 9,286 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Hollywood Hills, Yohann Bensimon, DRE #01966630
Add your commute

Building Information for 2923 South Burnside Avenue

Stories3Residences-Year Built2025Building Size-Lot Size0.21 AC / 9,286 SF

Payment Calculator

$28,974 per month

30 year fixed, 6.28% Interest

Principal and Interest

$27,128

Property Taxes

$1,846

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2923 South Burnside Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: Apartments
  • Security Features: Gated, Carbon Monoxide Detector(s), Fire Sprinklers, Smoke Detector
  • Property Condition: New Construction
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless, Gas
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $396,947
  • Net Operating Income: $315,869.00
  • Gross Income: $409,224
  • Cap Rate: 5.75%
  • Gross Rent Multiplier: $13.43
  • Actual Annual Gross Rent: $409,224.00
  • Monthly GrossI Income: $34,102.00
  • Total Annual Expense: 81079
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2132
  • Lot Size Square Feet: 9286
  • Lot Size Dimensions: 50x155
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 2 Car
  • Total Parking: 14
  • Garage Spaces Total: 4
  • Parking Features: Assigned, Garage - Two Door
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dryer, Dishwasher, Freezer, Microwave, Washer, Refrigerator, Range/Oven
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-09-2025
  • Tenant Pays: Electricity, Gas, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,995.00
  • Unit Actual Rent: $9,990.00
  • Unit Projected Rent: $9,990.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,999.00
  • Unit Actual Rent: $9,998.00
  • Unit Projected Rent: $9,998.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,895.00
  • Unit Actual Rent: $9,790.00
  • Unit Projected Rent: $9,790.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,275.00
  • Unit Actual Rent: $4,275.00
  • Unit Projected Rent: $4,275.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 7
  • Number of Disposal: 7
  • Number Leased: 7
  • Number Range: 7
  • Number Refrigerator: 7
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $239,292.00
  • Assessed Improvement Percent: 13.29
  • Assessed Land Value: $1,560,600.00
  • Assessed Land Percent: 86.71
  • Assessed Total Value: $1,799,892.00

Property History for 2923 South Burnside Avenue

DateEvent & SourcePriceAppreciation
Dec 8, 2025

Price Change

CRMLS #25602279

$5,490,000—
Dec 8, 2025

Price Change

CLAW #25602279

$5,490,000—
Oct 9, 2025

Listed (Active)

CRMLS #25602279

$5,495,000—
Oct 9, 2025

Listed (Active)

CLAW #25602279

$5,495,000—
Mar 24, 2025

Expired

CRMLS #25495307

—
Mar 24, 2025

Expired

CLAW #25495307

$5,149,000—
Mar 24, 2025

Expired

SDMLS #25495307

$5,149,000—
Mar 16, 2025

Expired

SDMLS #25499447

$5,149,000—
Feb 17, 2025

Listed (Active)

SDMLS #25499447

$5,149,000—
Feb 6, 2025

Listed (Active)

CLAW #25495307

$5,149,000—
Feb 6, 2025

Listed (Active)

SDMLS #25495307

$5,149,000—
Feb 6, 2025

Listed (Active)

CRMLS #25495307

$5,149,000—
Jun 15, 2022

Sold

SDMLS #V1-11756

$1,730,000—
Jun 15, 2022

Sold

VCF #V1-11756

$1,730,000—
Jun 15, 2022

Sold

CRMLS #V1-11756

$1,730,000—
May 23, 2022

Sold (Public Record)

Public Record #1491885064

$1,730,000—
Apr 26, 2022

Pending

CLAW #11756VC

—
Apr 26, 2022

Pending

SDMLS #V1-11756

—
Apr 26, 2022

Pending

VCF #V1-11756

—
Apr 25, 2022

Pending

CRMLS #V1-11756

—
Apr 9, 2022

Listed (Active)

VCF #V1-11756

$1,350,000—
Apr 9, 2022

Listed (Active)

CRMLS #V1-11756

$1,350,000—
Apr 8, 2022

Listed (Active)

CLAW #11756VC

$1,350,000—
Apr 8, 2022

Listed (Active)

SDMLS #V1-11756

$1,350,000—
DateEvent & SourcePrice
12/08/2025

Price Change

CRMLS #25602279

$5,490,000
12/08/2025

Price Change

CLAW #25602279

$5,490,000
10/09/2025

Listed (Active)

CRMLS #25602279

$5,495,000
10/09/2025

Listed (Active)

CLAW #25602279

$5,495,000
03/24/2025

Expired

CRMLS #25495307

—
03/24/2025

Expired

CLAW #25495307

$5,149,000
03/24/2025

Expired

SDMLS #25495307

$5,149,000
03/16/2025

Expired

SDMLS #25499447

$5,149,000
02/17/2025

Listed (Active)

SDMLS #25499447

$5,149,000
02/06/2025

Listed (Active)

CLAW #25495307

$5,149,000
02/06/2025

Listed (Active)

SDMLS #25495307

$5,149,000
02/06/2025

Listed (Active)

CRMLS #25495307

$5,149,000
06/15/2022

Sold

SDMLS #V1-11756

$1,730,000
06/15/2022

Sold

VCF #V1-11756

$1,730,000
06/15/2022

Sold

CRMLS #V1-11756

$1,730,000
05/23/2022

Sold (Public Record)

Public Record #1491885064

$1,730,000
04/26/2022

Pending

CLAW #11756VC

—
04/26/2022

Pending

SDMLS #V1-11756

—
04/26/2022

Pending

VCF #V1-11756

—
04/25/2022

Pending

CRMLS #V1-11756

—
04/09/2022

Listed (Active)

VCF #V1-11756

$1,350,000
04/09/2022

Listed (Active)

CRMLS #V1-11756

$1,350,000
04/08/2022

Listed (Active)

CLAW #11756VC

$1,350,000
04/08/2022

Listed (Active)

SDMLS #V1-11756

$1,350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2923 South Burnside Avenue

Taxable ValueLand$1,591,812Additions$244,077Total$1,835,889
Tax Record2025$22,148 ($1,846 / month)
Home Facts
Beds2Total Finished SqFt1,075 SqFtAbove Grade Finished SqFt1,075 SqFtStories1Lot Size9,283 SqFtStyleSingle Family ResidenceYear Built1931ZoningLARD1.5CountyLOS ANGELESAPN5043-022-006

Schools near 2923 South Burnside Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Marvin Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

New Los Angeles Elementary School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

2923 South Burnside Avenue is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on October 9, 2025 by Keller Williams Hollywood Hills, it's currently listed at $5,490,000. It has been on the market for a total of 75 days and was last sold on June 15, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Marvin Elementary School, Daniel Webster Middle School and Susan Miller Dorsey Senior High School. 2923 South Burnside Avenue is a 27-bed, 27-bath, 12,538 sqft multi-family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Hollywood Hills, Yohann Bensimon, DRE #01966630

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.