4015 Adams Blvd | Los Angeles, CA 90018
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- LoopNet Team
4015 Adams Blvd
Los Angeles, CA 90018
Multifamily Property For Sale
·
26 Units
INVESTMENT HIGHLIGHTS
- Attractive Assumable Loan – 68% LTV, 5.90% Interest Only, 3-Year Fixed.
- Great Parking – 25 Spaces (Soft-Story Retrofit Completed $280,000).
- Approximate 5% cash on cash return from day one.
- 10 of 26 Units Completely Renovated – Over $566k in improvements, including new: roof, pluming, paint, lobby, front & rear parking lots.
- Approximately 38% Rental Upside.
- Large Units, Averaging 802 Sq.Ft
PROPERTY FACTS
| No. Units | 26 | Lot Size | 0.49 AC |
| Property Type | Multifamily | Building Size | 20,852 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/1980 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Zoning | LAR3 - restricted Density Multiple Dwelling | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 20,852 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1961/1980 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | LAR3 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,395 | 1 |
| 1+1 | 7 | $6,254 | 1 |
| 2+1 | 16 | $13,286 | 1 |
| 2+2 | 1 | $2,295 | 1 |
| 3+2 | 1 | $3,050 | 1 |
PROPERTY TAXES
| Parcel Number | 5059-011-002 | Improvements Assessment | $1,837,323 |
| Land Assessment | $4,287,091 | Total Assessment | $6,124,414 |
PROPERTY TAXES
Parcel Number
5059-011-002
Land Assessment
$4,287,091
Improvements Assessment
$1,837,323
Total Assessment
$6,124,414
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