4309 Adams Boulevard, Los Angeles, CA 90018
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- MLS#: 24439523 ( )
- Street Address: 4309 Adams Boulevard
- Viewed: 29
- Price: $4,175,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1954
- Bldg sqft: 0
- Days On Market: 203
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90018
- Provided by: Maher Commercial Realty
- Contact: Nicole Nicole
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DescriptionA turnkey 12 unit multifamily asset, 4309 W Adams Blvd is an ideal 1031 exchange upleg. The headache free investment offers robust market rents and a fully renovated property. The new owner will generate strong rents at a healthy $2.65/SF from day one as well as benefit from long term appreciation in a rapidly elevating neighborhood. Add up to an additional +/ 3,000 SF by building four ADUs in the rear of the generously sized lot. From James Beard nominated Chef Keith Corbin of Alta Adams, the always buzzy Tartine and Mizlala restaurants, to CIM's numerous residential, commercial, and office developments, the neighborhood's energy is positive and electric. There is demonstrated demand for newly renovated dual entrance units in smaller secure buildings with dedicated parking. Centrally located between Culver City and Downtown LA, the subject property offers financial and development incentives to the savvy investor, whether tax deferment within an Opportunity Zone or 7 floor by right development potential as a TOD Tier 4 site in the Crenshaw Corridor Specific Plan.
Property Location and Similar Properties
Features
Appliances
- Refrigerator
Building Area Total
- 8850.00
Country
- US
Flooring
- Laminate
Levels
- One
Netoperatingincome
- 186016.00
Parcel Number
- 5059005005
Parking Features
- Assigned
Postalcodeplus4
- 2236
Property Condition
- Updated/Remodeled
Sourcesystemkey
- 24-439523:CLAW
Totalexpenses
- 96620.00
Views
- 29
Year Built
- 1954
Zoning
- LAC2