740 Burnside Ave Los Angeles, CA 90036
Upscale 132-unit apartment building in Miracle Mile submarket.
Type:Multifamily
Property size:
136,488 SFLot size:
1.20 Acres- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 5:15 am
Property Features for 740 Burnside Ave
General Information
- Standard status
- Active
- Size
- 136,488 SF
- Lot size
- 1.20 Acres
- Property subtype
- Multifamily
Listing agent Jeff Louks License #CA: 00908473 (818) 212-2780
Listing office Encino Office (818) 212-2780
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Luxury Multifamily Investment Opportunity
The Palm Court Apartments presents a multifamily investment opportunity in Los Angeles’ Miracle Mile submarket. Constructed in 1988, this Class A property features 132 units, including 48 one-bedroom/one-bath units, 72 two-bedroom/two-bath units, and 12 three-bedroom/two-bath units. The property spans approximately 136,488 square feet on a 1.2-acre site. Recent upgrades have transformed the property into a modern luxury asset. The property is subject to California State Rent Control under AB 1482 (Tenant Protection Act), which caps annual increases at 5% plus CPI (up to 10%). Recent enhancements include a revamped fitness center with Peloton bikes, a heated pool and spa, and unit interiors boasting quartz countertops and stainless steel appliances. The Palm Court Apartments is situated in a neighborhood with a Walk Score of 94, affluent demographics (median income $110,000+), low submarket vacancy (under 4%), and proximity to employment centers like Century City and Hollywood. The property commands premium rents and has a 95%+ occupancy rate.
Location Intelligence
Current Use by Public Records
Palm Court Apartments
Apartment Building
AlohaABA
(Bike/Boat/Book/etc) Store
NLA Design Build
Interior Design
JoyaLight, LLC
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.34973
- Latitude
- 34.06112
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Upscale 132-unit apartment building in Miracle Mile submarket.
Where is this apartment building located?
The property is located at 740 Burnside Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: High occupancy rate (95%+) indicating strong demand.; Located in the desirable Miracle Mile with a high Walk Score (94) and affluent demographics.; Extensive recent upgrades transforming the property into a modern luxury asset.
