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4309 W Adams Blvd

12 Unit Apartment Building $5,917,729 CAD ($493,144 CAD/Unit) 4.50% Cap Rate Los Angeles, CA 90018

Investment Highlights

  • Fully renovated property and tenants at market rents mean a long-term stable investment for any new owner
  • Turnkey property offers strong cash flow with a healthy $2.65 rent per SF and $186,016 NOI in flourishing West Adams
  • Qualified for Opportunity Zone tax deferral for any savvy investor with upcoming capital gains
  • Demonstrated demand for the privacy of a smaller building, dedicated parking and dual-entrance units
  • 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
  • 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

Executive Summary

A turnkey 12-unit multifamily asset, 4309 W Adams Blvd is an ideal 1031 exchange upleg. Long-term stable 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.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,917,729 CAD
Price Per Unit $493,144 CAD
Sale Type Investment
Cap Rate 4.50%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.25 AC
Building Size 8,850 SF
No. Stories 2
Year Built 1954
Parking Ratio 0.9/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Window Coverings

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Public Transportation
  • Individual Locking Bedrooms
  • Smoke Detector
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5059-005-005
Land Assessment
$1,760,264 CAD (2024)
Improvements Assessment
$952,141 CAD (2024)
Total Assessment
$2,712,405 CAD (2024)

zoning

Zoning Code LAC2-1-SP TOC Tier 4
LAC2-1-SP TOC Tier 4
  • Listing ID: 33178717

  • Date on Market: 2024-09-14

  • Last Updated:

  • Address: 4309 W Adams Blvd, Los Angeles, CA 90018

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