1325 E Adams Blvd, Los Angeles, CA 90011
- $1,070,000
- 7
- BD
- 6
- BA
- 2,838
- SqFt
- List Price
- $1,070,000
- MLS#
- 26924165
- Year Built
- 1924
- Bedrooms
- 7
- Bathrooms
- 6
- Living Sq. Ft
- 2,838
- Lot Size
- 6,315
- Days on Market
- 20
- Property Type
- Multifamily
- Style
- California Bungalow
- Stories
- 2
Property Description
Huge ~225k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6.5% Cap Rate from day 1 with upside to an 11.9% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 13.5% Current Cap Rate, 16.9% Proforma Cap, and only 144k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Ceiling Fan
- Number of Cars in Garage
- Gated
Mortgage Calculator
Courtesy of Global Platinum Properties, Inc., Armin Soleimani - CA DRE#01846872
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