$1,995,000
2915 Burnside Avenue, Los Angeles 90016
9
Beds
8
Baths
4,108
Square feet
9,288
Lot Size
7
# Of Units
Listing Agent
Sean Rosenzweig - Marcus & MillichapWe 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.
Facts & Features
MLS® # | 24389049 |
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Price | $1,995,000 |
Bedrooms | 9 |
Bathrooms | 8.00 |
Square Footage | 4,108 |
Lot Size | 9,288 |
Year Built | 1923 |
Type | Residential Income |
Status | Active |
# Of Units | 7 |
Community Information
Address | 2915 Burnside Avenue |
---|---|
Area | C16 - Mid Los Angeles |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90016 |
Amenities
Parking Spaces | 7 |
---|---|
Parking | None |
Garages | None |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two, Multi/Split |
Additional Information
Date Listed | May 7th, 2024 |
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Days on Market | 12 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Sean Rosenzweig |
---|---|
Office | Marcus & Millichap |