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634 Adams Blvd 6 Unit Apartment Building $879,000 ($146,500/Unit) 6.42% Cap Rate Los Angeles, CA 90011
Executive Summary
We are pleased to present a 6-unit bungalow community located at 634 E Adams consisting of four (4) separate two-story bungalow structures and a rear two-story duplex for a total of 5 separate structures.
The property currently operates at an 9.71 GRM and 6.42% CAP Rate on current rents with rental upside potential to a 5.33 GRM and 14.29% CAP Rate on proforma rents.
With four separate bungalow structures and a duplex built in 1912 on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The units consist of four (4) one bedroom one-bathroom standalone bungalows and (2) one bedroom one-bathroom units in the rear duplex totaling 4,188 rentable square feet located on an 8,575 square foot LARD1.5 lot.
Nearby amenities include Trader Joe’s, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center, and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
The property currently operates at an 9.71 GRM and 6.42% CAP Rate on current rents with rental upside potential to a 5.33 GRM and 14.29% CAP Rate on proforma rents.
With four separate bungalow structures and a duplex built in 1912 on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The units consist of four (4) one bedroom one-bathroom standalone bungalows and (2) one bedroom one-bathroom units in the rear duplex totaling 4,188 rentable square feet located on an 8,575 square foot LARD1.5 lot.
Nearby amenities include Trader Joe’s, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center, and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
Property Facts
| Price | $879,000 | Apartment Style | Garden |
| Price Per Unit | $146,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.42% | Building Size | 6,454 SF |
| Gross Rent Multiplier | 9.71 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 - 8,575SF LARD1.5 Zoned Midblock lot. | ||
| Price | $879,000 |
| Price Per Unit | $146,500 |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| Gross Rent Multiplier | 9.71 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,454 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1912 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - 8,575SF LARD1.5 Zoned Midblock lot. |
Amenities
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,482 | - |
1 1
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 5128-011-004 | Improvements Assessment | $150,000 |
| Land Assessment | $575,000 | Total Assessment | $725,000 |
Property Taxes
Parcel Number
5128-011-004
Land Assessment
$575,000
Improvements Assessment
$150,000
Total Assessment
$725,000
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634 Adams Blvd
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