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2921 S Burnside Ave 7 Unit Apartment Building $7,473,370 CAD ($1,067,624 CAD/Unit) 6.10% Cap Rate Los Angeles, CA 90016
Investment Highlights
- 2921 S Burnside Avenue presents the opportunity to purchase a seven modern, fully stabilized, and cash-flowing townhouse-style apartment complex.
- Covering 12,538 SF, this newly built, contemporary building features 27 bedrooms and bathrooms with open-air floor plans flooded in natural light.
- Residents enjoy features such as on-site parking with two spaces allocated for each unit, as well as private patios, balconies, and yards.
- Located in Central Los Angeles, within the Mid-City neighborhood, with convenient access to Culver City, DTLA, Hollywood, and LAX via I-10 and 405.
Executive Summary
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 four-bedroom, four-bath townhomes (two including private two-car garages), two four-bedroom, 3.5-bath homes, and one three-bedroom, three-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 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.
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 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.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Deck
- Double Pane Windows
- Instant Hot Water
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 4 | $6,922 CAD | 1,622 - 1,840 |
| 3+3 | 1 | $5,922 CAD | 1,192 |
| 4+3.5 | 2 | $6,781 CAD | 1,875 |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Jack In The Box | - | - | 12 min walk |
| Fatburger | Steakhouse | - | 14 min walk |
| Starbucks | Cafe | $ | 14 min walk |
| JNJ Burger & Bar-B-Q | - | - | 15 min walk |
| Del Taco | - | - | 17 min walk |
| Subway | - | - | 19 min walk |
Retail |
||
|---|---|---|
| Apple Inc. | Consumer Electronics | 9 min walk |
| Whole Foods Market | Supermarket | 17 min walk |
| See's Candies | Candy/Nuts | 17 min walk |
| U.S. Bank | Bank | 19 min walk |
| Club Pilates | Fitness | 19 min walk |
| Ralphs | Supermarket | 19 min walk |
| Target | Dept Store | 20 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 20 min walk |
Hotels |
|
|---|---|
| Destination by Hyatt |
148 rooms
5 min drive
|
| AC Hotels by Marriott |
176 rooms
9 min drive
|
| Luxury Collection |
297 rooms
10 min drive
|
| Kimpton |
74 rooms
9 min drive
|
Property Taxes
| Parcel Number | 5043-022-006 | Total Assessment | $2,510,633 CAD |
| Land Assessment | $2,176,851 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $333,783 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5043-022-006
Land Assessment
$2,176,851 CAD
Improvements Assessment
$333,783 CAD
Total Assessment
$2,510,633 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
Sale Advisor
Sale Advisor
Yohann Bensimon
As President and founder of Ikon Advisors, Yohann Bensimon specializes in the acquisition and disposition of multifamily, mixed-use, and residential ground-up developments as well as existing multifamily properties.
Yohann moved to Los Angeles from Paris, France 27 years ago, affording him the opportunity to be a part of the multicultural urban renewal of the city of Los Angeles. Because of this, Yohann is able to anticipate market trends allowing him to advise investors on positioning their assets for optimal growth. The invaluable knowledge Yohann has acquired through years of working with seasoned investors and developers also allows him to advise clients on how to maximize returns in an aggressive market.
Yohann’s career in commercial real estate started as an associate at Marcus & Millichap. Today, Yohann is a consistent top-producing agent at Keller Williams Hollywood Hills. Negotiation skills aside, his achievements can be attributed to his belief that success is built on solid relationships, genuine connections, and effective communication which is why clients have chosen to refer and work with Yohann time and time again.
Yohann moved to Los Angeles from Paris, France 27 years ago, affording him the opportunity to be a part of the multicultural urban renewal of the city of Los Angeles. Because of this, Yohann is able to anticipate market trends allowing him to advise investors on positioning their assets for optimal growth. The invaluable knowledge Yohann has acquired through years of working with seasoned investors and developers also allows him to advise clients on how to maximize returns in an aggressive market.
Yohann’s career in commercial real estate started as an associate at Marcus & Millichap. Today, Yohann is a consistent top-producing agent at Keller Williams Hollywood Hills. Negotiation skills aside, his achievements can be attributed to his belief that success is built on solid relationships, genuine connections, and effective communication which is why clients have chosen to refer and work with Yohann time and time again.
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2921 S Burnside Ave
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