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4309 W Adams Blvd
Los Angeles, CA 90018

$4,175,000 USD

Apartments For Sale • 8,850 SF

Property Details

Property Type Apartments
Total Building Size 8,850 SF
Lot Size 0.25 AC
Building Class B
Year Built 1954
Zoning LAC2-1-SP TOC Tier 4

51 Transit Score

78 Walk Score

                
                    Highlights
                
                                Fully renovated property and tenants at market rents mean a long-term stable investment for any new owner
                            
                                Demonstrated demand for the privacy of a smaller building, dedicated parking and dual-entrance units
                            
                                Turnkey property offers strong cash flow with a healthy $2.65 rent per SF and $186,016 NOI in flourishing West Adams
                            
                                Multiple value-add opportunities: add 4-6 ADU units for up to +/- 3,000 SF or build up to 7 floor of mixed use for approx. 31,800 SF
                            
                                Qualified for Opportunity Zone tax deferral for any savvy investor with upcoming capital gains
                            
                                By-right development potential of up to 7 total floors and approx. 31,800 SF mixed use building using TOD Tier 4 and Crenshaw Corridor Specific Plan

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Kitchen
Oven
Range
Tub/Shower
Window Coverings
Public Transportation
Individual Locking Bedrooms
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	12 min	-	7.1 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	7.2 mi
Transit/Subway	Drive	Walk	Distance
Expo/Crenshaw (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
Los Angeles International	18 min	-	9.4 mi
Bob Hope	26 min	-	15.0 mi
Long Beach (Daugherty Field)	33 min	-	25.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Nicole Lu 310-710-1018 Maher Commercial Realty

4309 W Adams Blvd Los Angeles, CA 90018