634 E Adams Boulevard new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25259842
Bedrooms 4
Lot Size 8,575 Sqft
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional,Land Contract
Property Type Res Income 2-4 Units
Property Description
82% Rental Upside Prime Value-Add Opportunity! 634 E Adams Blvd presents an exceptional value-add opportunity in a rapidly growing pocket of Los Angeles. This well-maintained 6-unit bungalow-style property consists of oversized one-bedroom units offering 82% rental upside. Currently priced at a 10.74 GRM, the building stabilizes at an impressive 5.90 GRM and 12.57% cap rate, making it ideal for any savvy investor looking to unlock significant income potential. Built in 1912, the property features 4,188 SF of living area on a generous 8,572 SF lot. With units averaging nearly 700 SF, 634 E Adams offers rare scale and character for a one-bedroom asset. This property is an excellent fit for exchange buyers or value-add investors seeking a high-upside opportunity in a dynamic submarket. Strategically located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, the Lucas Museum, the Arts District, The Reef, BMO Stadium, and LA Live, the property sits amid billions of dollars in nearby development driving long-term appreciation and rental demand.
Location
State CA
County Los Angeles
Zoning Assessor
Direction west of Main St and east of San Pedro St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5128011004
Acceptable Financing Cash,Conventional,Land Contract
Listing Terms Cash,Conventional,Land Contract