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