630 E Adams Boulevard, Los Angeles, CA 90011

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Glen Henderson

[email protected] +1(619) 889-7646

$3,700,000

Est. payment - /mo

14 Beds

12 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24234576

Bedrooms 14

Property Sub-Type Res Income 2-4 Units

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 investments 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 propertys prime location enhances its value and tenant appeal. Located less than 1.3 miles from USCs West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks a

Location

State CA

County Los Angeles

Zoning Builder

Direction Adams blvd and San Pedro St

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 3

Level or Stories 3

Others

Tax ID 5128011005

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Listed by Drew Dunn Four Brothers Real Estate, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

630 E Adams Boulevard Los Angeles, CA 90011

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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