4309 Adams Blvd Los Angeles, CA 90018

This fully renovated, 12-unit apartment building presents a compelling investment opportunity in Los Angeles' vibrant West Adams neighborhood. Boasting 8,850 square feet on a 10,681 square foot lot, this stabilized asset offers a strong net operating income (NOI) of $186,016, translating to a 4.28% cap rate. The property, built in 1954 and extensively renovated in 2018, features 12 one-bedroom, one-bathroom units with 100% occupancy, generating a current rent of $2.65 per square foot. Eight parking spaces are available for residents. The property includes a coin-operated laundry facility. Located at 4309 W Adams Blvd, Los Angeles, CA 90018, this property is zoned LAC2-1-SP TOC Tier 4, offering potential for future development, including the possibility of adding up to an additional 3,000 square feet through the construction of accessory dwelling units (ADUs). The asking price is $4,350,000, representing a price per unit of $362,500 and a price per square foot of $491.53. This prime location within the Crenshaw Corridor Specific Plan and Los Angeles State Enterprise Zone provides significant financial and development incentives. The property's strong performance, desirable location, and development potential make it an ideal investment for both seasoned and emerging investors.