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$4,175,000
Est. payment /mo
12 Beds
12 Baths
8,850 SqFt
UPDATED:
12/04/2024 10:41 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,850 sqft
Price per Sqft $471
MLS Listing ID 24439523
Bedrooms 12
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1954
Lot Size 10,680 Sqft
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 C16 - Mid Los Angeles
Zoning LAC2
Interior
Flooring Laminate
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Assigned
Total Parking Spaces 8
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5059005005
Special Listing Condition Standard
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Listed by Nicole Lu • Maher Commercial Realty
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908