1875 W Adams Blvd
Los Angeles, CA 90018
*PRICE REDUCTION* 1863-1875 W Adams Boulevard · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Currently operating at a GRM of 9.91.
- 21 parking spaces.
- Both Buildings are currently operating as a rooming house (see individual leases in OM).
- LAC2 Zoning w/ potential to build up to 53 limits (buyer to verify).
- 13,300 sqft lot.
Property Facts
| No. Units | 8 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 9,702 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | C | Parking Ratio | 2.16/1,000 SF |
| Zoning | C2 - potentially build up to 53 units with Tier 2 Transit Oriented Communities incentives (buyer to verify with L.A. city planning) | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 9,702 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | C2 - potentially build up to 53 units with Tier 2 Transit Oriented Communities incentives (buyer to verify with L.A. city planning) |
About 1875 W ADAMS BLVD , LOS ANGELES, CA 90018
1863- 1875 West Adams Blvd; Two separate APN four unit apartment buildings being sold together. APN's- 5058-020-016; 505-020-017. The property contains a gross rentable area of a combined ±9,702SF sitting on a large combined ±13,300SF C2 zoned lot. This allows an investor to potentially build up to 53 units with Tier 2 Transit Oriented Communities incentives (buyer to verify with L.A. city planning). This investment is in the rapidly gentrifying West Adams submarket of Mid City, close to newly opened restaurants and cafes such as Highly Likely. Easy access to the 10 freeway and Metrolink access points providing an easy commute to both Downtown or West LA. The building is currently operating as a rooming house, allowing an investor to achieve max rents and fast turnover until development plans
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,600 | - |
| 1+1 | 4 | $2,733 | - |
Property Taxes
| Parcel Number | 5058-020-017 | Improvements Assessment | $216,048 |
| Land Assessment | $459,984 | Total Assessment | $676,032 |
Property Taxes
