Los Angeles, CA 90018 4309 W Adams Boulevard
$4,350,000
14 more
Presented By: Nicole Lu with Maher Commercial Realty;
Home Details
A 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.
Presented By: Nicole Lu with Maher Commercial Realty;
Interior Features for 4309 W Adams Boulevard
Bedrooms
Total Bedrooms12
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths12
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NNo
Total Stories2
General for 4309 W Adams Boulevard
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate4.28
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market13
DirectionsSouth on Crenshaw Blvd, West on W. Adams Blvd.
Full Baths
Garage Y/NNo
Gross Income282636.0
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet10681.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income186016.0
New ConstructionNo
NumberOfUnitsTotal12
Private PoolNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
View Y/NNo
Waterfront Y/NNo
Year Built1954
ZoningLAC2
Exterior for 4309 W Adams Boulevard
Building Area Total8850.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2452
Lot Size Area10681.0
Lot Size SourceOther
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking8.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480