Los Angeles, CA 90011,1325 E Adams Blvd
Los Angeles, CA 90011,1325 E Adams Blvd
Los Angeles, CA 90011,1325 E Adams Blvd
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
7
Aug
Fri
8
Aug
Sat
9
Aug
$1,290,000
Est. payment /mo
7 Beds
6 Baths
2,838 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,838 sqft

Price per Sqft $454

MLS Listing ID 25572721

Style California Bungalow

Bedrooms 7

Year Built 1924

Lot Size 6,315 Sqft

Acres 0.1448

Property Sub-Type Multi-Family

Property Description

6-unit value-add building with 12 parking spaces cash flowing at a 5% Cap Rate from day 1 with upside to a 9.7% Cap on Proforma! Preliminary plans to add 6 detached ADUs to achieve an incredible 11.7% Current Cap Rate, 14.8% Proforma Cap, and only 163k/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!

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment None

Exterior

Parking Features Gated

Garage Spaces 9.0

Building

Story 2

Architectural Style California Bungalow

Level or Stories One

Others

Special Listing Condition Standard


Read Less Info
TheMLS (CLAW)
Listed by Global Platinum Properties, Inc.
agent

Found It Homes

Agent

+1(800) 790-7576

How can we help?
 

First Name
Last Name
Phone*
Message