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$1,275,000
Est. payment /mo
4 Beds
4 Baths
2,630 SqFt
UPDATED:
12/05/2024 03:46 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,630 sqft
Price per Sqft $484
MLS Listing ID 24465517
Bedrooms 4
HOA Y/N No
Year Built 1924
Lot Size 4,809 Sqft
Property Description
We are pleased to present a turn-key 4-unit property (2 NEW AND VACANT units) located in the highly desirable West Adams neighborhood. The building currently operates at a 6.15% CAP and 11.92 GRM on current rents (assuming market for the vacant units)! The property consists of two separate, single-story structures built in 1924 and 2024 (two new build ADUs) with a unit mix of 2 one-bedroom 1 bath units, 1 two-bedroom 1 bath unit, and 1 studio unit. With two vacant renovated units, there is an immediate opportunity for an owner user to live in one unit and rent out the others, or for an investor to capture immediate upside and re-rent both units at market rents in a highly coveted and proven submarket. This opportunity is located just South of Adams Blvd and West of La Brea Ave in very close proximity to one of the trendiest corridors in Los Angeles. Located a short walk away from numerous iconic West Adams restaurants, including Tartine, Alta, Mizlala, Farmhouse Kitchen, Chulita, and Cento, this property is strategically situated nearby a booming corridor that consists of restaurants, new hotels, art galleries, and production studios throughout. Contact the listing broker to coordinate a tour.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Concrete
Total Parking Spaces 3
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5049015028
Special Listing Condition Standard
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Listed by Casey Lins • Kidder Mathews of California, Inc.
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