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.
Property Type(s):
Residential Income
|
Last Updated
|
5/7/2024
|
Year Built
|
1923
|
|
Community
|
Mid Los Angeles
|
County
|
Los Angeles
|
Additional Details
| AREA |
Mid Los Angeles |
| BUYER'S BROKERAGE COMPENSATION |
|
| GARAGE |
None |
| LOT |
9288 sq ft |
| LOT DIMENSIONS |
60x155 |
| PARKING |
None |
| STORIES |
2 |
| ZONING |
LARD1.5 |
Location
Listed with Marcus & Millichap
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This IDX solution is (c) Diverse Solutions 2024.
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