4309 Adams Boulevard Los Angeles, CA 90018

Cluster Residence

12 Beds

12 Baths

... Bed/Bath

8,850 Sq. Ft.

Property Activity

Time on Site

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Last updated on 10/5/2024 11:09 AM

Listing Details

A turnkey 12-unit multifamily asset, 4309 W Adams Blvd is an ideal 1031 exchange upleg. The headache-free investment offers robust market rents and a fully renovated property. The new owner will generate strong rents at a healthy $2.65/SF from day one as well as benefit from long-term appreciation i...n a rapidly elevating neighborhood. Add up to an additional +/-3,000 SF by building four ADUs in the rear of the generously sized lot. From James Beard-nominated Chef Keith Corbin of Alta Adams, the always buzzy Tartine and Mizlala restaurants, to CIM's numerous residential, commercial, and office developments, the neighborhood's energy is positive and electric. There is demonstrated demand for newly renovated dual-entrance units in smaller secure buildings with dedicated parking. Centrally located between Culver City and Downtown LA, the subject property offers financial and development incentives to the savvy investor, whether tax deferment within an Opportunity Zone or 7-floor by-right development potential as a TOD Tier 4 site in the Crenshaw Corridor Specific Plan. Continue reading

MLS#

24439523

Property Type

Cluster

Bedrooms

Bathrooms

Year Built

1954

Square Feet

8,850 sq. ft

Lot Size

0.25