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West Adams Studio Apartments 4905 W Adams Blvd 36 Unit Apartment Building $4,950,000 ($137,500/Unit) 8.03% Cap Rate Los Angeles, CA 90016
Executive Summary
Discover a prime investment opportunity at West Adams Studios! Located at 4905 W Adams Blvd, Los Angeles, CA 90016, this 36-unit property in the thriving West Adams market presents an attractive option for savvy investors. Renovated in 2018 with over $500,000 in upgrades, including new plumbing, electrical systems, and modern finishes, this turn-key asset promises a hassle-free ownership experience. Boasting a high-efficiency micro-unit model, with studios comprising 91% of the unit mix, West Adams Studios offers a lucrative rental yield per square foot. With a current cap rate of 8.03%, this property demonstrates strong stabilized income generation potential. Don't miss out on this opportunity to invest in a well-maintained property in a desirable location with excellent income prospects. Take the next step towards maximizing your real estate portfolio with West Adams Studios!
Turn-Key Renovated Asset with Significant Capital Improvements: This 36-unit apartment building underwent a comprehensive renovation in 2018, with over $500,000 in completed upgrades. The renovation included new plumbing, electrical systems, drywall, paint, flooring, and cabinetry, offering a modernized, turn-key investment for savvy investors.
Proven "Micro Unit" Model Maximizing High PSF Rental Yield: Comprised primarily of studio units (91% of the unit mix), the property utilizes a high-efficiency micro-unit model that is easier to rent in the Los Angeles market. This design yields an impressive actual rent of $5.40 per square foot—with some units reaching as high as $6.67 PSF—justifying the asset’s valuation through proven rental performance.
Substantial Built-in Value Add via ADU Potential: The property offers an unparalleled opportunity to capitalize on the city's Accessory Dwelling Unit (ADU) ordinance. Investors can potentially add 9+ units in the existing parking areas, significantly increasing the total unit count and exponentially growing the property’s longterm asset value.
Exceptional Current Yield and Financial Stability: Offered at $4,950,000, the asset delivers a strong current CAP rate of 8.03% and a 9.99% Cash-on-Cash return. Maintaining a robust 95% occupancy rate, the property acts as a "cash flow machine," providing immediate and reliable Net Operating Income of $397,612.
Prime Strategic Location in Revitalizing West Adams District: Situated at 4905 W Adams Blvd, the property is in a high-demand area currently experiencing significant revitalization alongside nearby Culver City and Mid-City. Favorable renter demographics, including an average household income of $126,764 within a 3-mile radius, ensure a solid tenant base and continued desirability.
Turn-Key Renovated Asset with Significant Capital Improvements: This 36-unit apartment building underwent a comprehensive renovation in 2018, with over $500,000 in completed upgrades. The renovation included new plumbing, electrical systems, drywall, paint, flooring, and cabinetry, offering a modernized, turn-key investment for savvy investors.
Proven "Micro Unit" Model Maximizing High PSF Rental Yield: Comprised primarily of studio units (91% of the unit mix), the property utilizes a high-efficiency micro-unit model that is easier to rent in the Los Angeles market. This design yields an impressive actual rent of $5.40 per square foot—with some units reaching as high as $6.67 PSF—justifying the asset’s valuation through proven rental performance.
Substantial Built-in Value Add via ADU Potential: The property offers an unparalleled opportunity to capitalize on the city's Accessory Dwelling Unit (ADU) ordinance. Investors can potentially add 9+ units in the existing parking areas, significantly increasing the total unit count and exponentially growing the property’s longterm asset value.
Exceptional Current Yield and Financial Stability: Offered at $4,950,000, the asset delivers a strong current CAP rate of 8.03% and a 9.99% Cash-on-Cash return. Maintaining a robust 95% occupancy rate, the property acts as a "cash flow machine," providing immediate and reliable Net Operating Income of $397,612.
Prime Strategic Location in Revitalizing West Adams District: Situated at 4905 W Adams Blvd, the property is in a high-demand area currently experiencing significant revitalization alongside nearby Culver City and Mid-City. Favorable renter demographics, including an average household income of $126,764 within a 3-mile radius, ensure a solid tenant base and continued desirability.
Property Facts
| Price | $4,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 8.03% | Building Size | 8,299 SF |
| Gross Rent Multiplier | 7.23 | Average Occupancy | 95% |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2017 |
| Property Subtype | Apartment | Parking Ratio | 2.77/1,000 SF |
| Zoning | LAC2 - Commercial | ||
| Price | $4,950,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| Gross Rent Multiplier | 7.23 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 8,299 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2017 |
| Parking Ratio | 2.77/1,000 SF |
| Zoning | LAC2 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Courtyard
- Fenced Lot
- Community-Wide WiFi
- Maintenance on site
- Public Transportation
- Study Lounge
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 34 | $1,466 | 184 - 276 |
| 1+1 | 1 | $1,795 | 308 |
| 2+1 | 1 | $2,416 | 852 |
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Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 5049-001-045 | Improvements Assessment | $682,696 |
| Land Assessment | $3,413,486 | Total Assessment | $4,096,182 |
Property Taxes
Parcel Number
5049-001-045
Land Assessment
$3,413,486
Improvements Assessment
$682,696
Total Assessment
$4,096,182
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West Adams Studio Apartments | 4905 W Adams Blvd
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