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    2921 S Burnside Ave Los Angeles, CA 90016

    View on Map
    Sponsored
    For Sale
    $5,395,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    12,538 SF
    Lot size:
    0.21 Acres
    Days on Market:
    44
    Last Refresh:
    Mar 13 at 11:06 am

    Property Features for 2921 S Burnside Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LARD1.5
    Rooms
    Bathroom 6, Bedroom 15, Bathroom 7, Bedroom 8, Bedroom 7, Bathroom 4, Bedroom 11, Bedroom 2, Bedroom 17, Bathroom 9, Bedroom 20, Bedroom 1, Bedroom 12, Bathroom 18, Bedroom 23, Bedroom 24, Bathroom 22, Bathroom 8, Bedroom 25, Bathroom 26, Bedroom 5, Bedroom 16, Bathroom 14, Bedroom 18, Bedroom 3, Bathroom 25, Bathroom 1, Bathroom 12, Bathroom 15, Bedroom 6, Bedroom 22, Bedroom 4, Bedroom 13, Bathroom 10, Bathroom 3, Bathroom 16, Bathroom 19, Bedroom 26, Bedroom 19, Bedroom 14, Bathroom 2, Bathroom 27, Bedroom 9, Bedroom 21, Bedroom 10, Bedroom 27, Bathroom 5, Bathroom 13, Bathroom 20, Bathroom 21, Bathroom 17, Bathroom 23, Bathroom 24, Bathroom 11
    Bedrooms
    27
    Bathrooms
    27
    APN
    5043-022-006
    Parking
    14
    Parking features
    Assigned, Garage
    Size
    12,538 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Floors in Building
    3
    Number of units
    7

    We can help!

    Listing Contact
    Yohann Bensimon

    Keller Williams Realty Hollywood Hills (310) 623-1300

    Listing agent Yohann Bensimon (310) 623-1300 License #01966630

    Listing date Jan 28, 2026

    MLS# 26638793

    Copyright © 2026 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Los Angeles Townhome Apartments

    Located in the Mid-City area of Los Angeles, the property at 2921 S Burnside Avenue features seven townhome-style apartments. The building contains four 4-bedroom, 4-bath homes, two of which include private 2-car garages, two 4-bedroom, 3.5-bath homes, and one 3-bedroom, 3-bath home. The property is fully leased and offers a 6.1% Cap Rate. Each unit provides assigned parking, in-unit laundry, and private balconies or outdoor spaces. The layouts offer separation between living, dining, and bedroom areas. Designed with contemporary architecture and open floor plans, the units maximize natural light and space. High-quality finishes and attention to detail create modern interiors. The property provides a combination of livable space and modern amenities. The new construction ensures minimal maintenance and long-term reliability. The building has a total area of 12538 square feet on a 0.2132-acre lot. In addition to the residential units, there is storage space available for rent at $50 per month. The property is zoned LARD1.5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.362587
    Latitude
    34.026711

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    FAQs

    What type of property is this?
    Apartment building - Seven fully-leased townhome-style apartments in Mid-City, Los Angeles.
    Where is this apartment building located?
    The property is located at 2921 S Burnside Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,395,000.
    What are key features of this property?
    This property features: - 6.1% Cap Rate offers strong investment potential.; - Brand-new 2025 construction ensures minimal maintenance and long-term reliability.; - Fully leased property provides immediate, consistent income.
    (310) 923-1550
    Request Owner's contact information
    2921 S Burnside Ave Los Angeles, CA 90016
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    Los Angeles, CA 90016
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2921 S Burnside Ave Los Angeles, CA 90016
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    We can help!
    Listing Contact
    Yohann Bensimon
    Real Estate License ID: 01966630
    (310) 923-1550 (310) 623-1300
    Learn more
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