4309 Adams BlvdLos Angeles, CA 90018

Property Details for 4309 Adams Blvd

Year built

1954

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

8,850 SF

Zone code

LAC2

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

5059-005-005

APU

5059005005

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,179,605

  6.5%

  $2,935,020

  7%

  $2,725,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,608,520

  Geo Method

  $2,608,520

• Alternative Use

  Use

  Valuation

  Residential

  $2,935,020

  Hospitality

  $2,688,462

  Educational

  $2,236,769

  Medical

  $2,313,695

  Retail

  $3,479,419

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.033

Longitude

-118.332

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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