630 E Adams BLVD, Los Angeles, CA 90011 - MLS#OC24234576

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Katrina Smith

katrina.smith@pinpointproperties.com +1(949) 209-9004

$3,700,000

Est. payment - /mo

8,481 Sqft Lot

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UPDATED:

12/05/2024 05:14 AM

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24234576

HOA Y/N No

Year Built 2024

Lot Size 8,481 Sqft

Property Description

Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investment’s appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landlords avoid utility expenses, boosting profitability. The property’s prime location enhances its value and tenant appeal. Located less than 1.3 miles from USC’s West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks and vibrant attractions. Boasting an 85 Walk Score, tenants enjoy easy access to freeways, public transportation, and nearby shopping, dining, and entertainment. The neighborhood’s thriving rental market ensures long-term appreciation and consistent occupancy. Investors also gain peace of mind with a 1-year builder warranty, while the green-certified construction offers energy efficiency and reduced tenant utility costs. The property includes 12 parking spaces (8 covered garage spots and 4 uncovered), a rare and desirable feature in Los Angeles. Best of all, this property is exempt from rent control, allowing for maximum rental income and flexibility. Whether expanding your portfolio or seeking a high-performing investment, this property offers unmatched financial benefits, modern amenities, and strong market potential.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Convection Oven, Dishwasher, Electric Range, Disposal, Refrigerator, Range Hood, Trash Compactor, Vented Exhaust Fan, Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Exterior Feature Rain Gutters

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Composition

Accessibility Accessible Doors

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 3

Entry Level Three Or More

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 5128011005

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Lease Land No

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Listed by Drew Dunn • Four Brothers Real Estate, Inc. • 949-413-7911

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697