Los Angeles, CA 90011,1325 E Adams Boulevard
Los Angeles, CA 90011,1325 E Adams Boulevard
Los Angeles, CA 90011,1325 E Adams Boulevard
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$1,240,000
Est. payment /mo
2,838 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,838 sqft

Price per Sqft $436

MLS Listing ID CL25572721

HOA Y/N No

Year Built 1924

Lot Size 6,315 Sqft

Acres 0.15

Property Sub-Type Other

Property Description

Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 5.25% Cap Rate from day 1 with upside to a 10.1% Cap on Proforma! Almost RTI plans to add 6 detached ADUs to achieve an incredible 12% Current Cap Rate, 15.2% Proforma Cap, and only 159k/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!

Location

State CA

County Los Angeles

Zoning LARD

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 5118009019


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Bridge MLS
Listed by Julio Ruiz • Global Platinum Properties, Inc.

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1325 E Adams Boulevard