4309 W Adams Boulevard

Los Angeles, CA 90018

$4,350,000

List Price

12

bed Beds

12

shower Baths

8,850 sqft

straighten / sqft

1954

calendar_month Built

Property Description

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.

Listing Information

List Price $4,350,000
Status Active
MLS 24439523
Type Residential Income
Year Built 1954
Lot Size 10,681
Structure Size 8,850
DOM 13
Courtesy Of Maher Commercial Realty
Listing Agent Nicole Lu DRE#02045957

Interior Features

Total Bedroom
Bedrooms 12
Total Bathroom
Bathrooms 12
Flooring Information
Material Laminate

Exterior Information

Maps

Listing information courtesy of: Nicole Lu, Maher Commercial Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.