2921 S Burnside Ave 7 Unit Apartment Building $5,395,000 ($770,714/Unit) 6.10% Cap Rate Los Angeles, CA 90016

2921 S Burnside Avenue is a brand-new collection of seven fully-leased townhouse-style apartments in the heart of Mid-City, Los Angeles. The property includes four 4-bedroom, 4-bath townhomes (two including private two-car garages), two 4-bedroom, 3.5-bath homes, and one 3-bedroom, 3-bath home, totaling 14 assigned parking spaces. 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. The brand-new construction ensures minimal maintenance, long-term reliability, and strong cash flow. Fully leased and producing consistent income plus $50/month income from storage, 2921 S Burnside Avenue offers turnkey investment potential in a high-demand rental market.

Mid-City is a central Los Angeles neighborhood, bordered by Downtown to the east and Beverly Hills to the west. The neighborhood is known for its vibrant streets, eclectic dining, local shops, and easy access to major transit routes. Its central location provides quick connections to key destinations across Los Angeles, including Hollywood, Santa Monica, and West Los Angeles, making it a well-connected and active part of the city. 2921 S Burnside Avenue represents a rare opportunity to combine immediate income with long-term stability in the Los Angeles multifamily market.