4309 W Adams Blvd, Los Angeles, CA 90018 – 24-439523

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$4,175,000

Est. payment - /mo

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12 BD

12 BA

8,850 SqFt

Price Dropped by $175K

4309 W Adams Blvd Los Angeles, CA 90018

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/04/2024 09:17 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,850 sqft

Price per Sqft $471

MLS Listing ID 24-439523

Bedrooms 12

Construction Status Updated/Remodeled

Year Built 1954

Lot Size 10,681 Sqft

Acres 0.2453

Property Description

A turnkey 12-unit multifamily asset, 4309 W Adams Blvd is an ideal 1031 exchange upleg. The headache-free 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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAC2

Rooms

Other Rooms None

Kitchen Granite Counters, Remodeled

Interior

Heating Other

Cooling Other

Flooring Laminate

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Assigned

Garage Spaces 8.0

Building

Story 2

Level or Stories One

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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Listed by Maher Commercial Realty