Active

4309 W Adams Blvd

Los Angeles CA, 90018

$4,350,000


$491.53 per sqft

Active

12 Beds

12 Baths

8,850 sqft

Multi-family

Built in 1954

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 in 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.

24-439523

MLS ID

September 14, 2024

Listed

October 2, 2024

Updated

Map

4309 W Adams Blvd
Los Angeles CA, 90018

Interior Features

Total Stories

2


Bedrooms

12


Total Bathrooms

12


Appliances

Range/Oven, Refrigerator


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.25 Acres

Other Property Details

Area Name

Mid Los Angeles


Days on Market

13


Garage

No


Parking

Assigned


Parking Total

8


View

No


County

Los Angeles


Pool

No


Zoning

LAC2

Listed by Nicole Lu with Maher Commercial Realty
Listing Contact: 310-710-1018 

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©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/2024

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