1325 E Adams Boulevard, Los Angeles, CA 90011
- $1,095,000
- 7
- BD
- 6
- BA
- 2,838
- SqFt
- List Price
- $1,095,000
- Status
- ACTIVE
- MLS#
- 26852461
- Year Built
- 1924
- Bedrooms
- 7
- Bathrooms
- 6
- Living Sq. Ft
- 2,838
- Lot Size
- 6,315
- Acres
- 0.15
- Days on Market
- 36
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Huge ~200k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6.35% Cap Rate from day 1 with upside to an 11.6% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 13.3% Current Cap Rate, 16.5% Proforma Cap, and only 147k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!
/u.realgeeks.media/justindegasperishomes/header.png)
Additional Information
- Heat
- Wall Furnace
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Armin Soleimani (arminsoleimani@gmail.com) from Listing Office: Global Platinum Properties, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.