4309 W Adams Boulevard
Los Angeles, CA 90018
8850 sqft | 12 beds | 0.25 acres | #24439523
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.
Interior Details
- Bedrooms12
Property Details
- Stories2
Measurements
- Acres0.2452
- Square Feet8850
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1954
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$4,350,000
Other
- MLS #24439523
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Nicole Lu (#CLW-C128275)
Listing Office: Maher Commercial Realty (#CLW-X83092)
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