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$ 5,299,999
Est. payment /mo
Active
4905 W Adams Boulevard Los Angeles, CA 90016
8,299 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,299 sqft
Price per Sqft $638
MLS Listing ID CL25566745
HOA Y/N No
Year Built 1964
Lot Size 0.313 Acres
Acres 0.31
Property Sub-Type Other
Property Description
We are pleased to present 4905 West Adams Boulevard, a thirty-six-unit multifamily investment opportunity located in the heart of the rapidly evolving West Adams neighborhood of Los Angeles. This stabilized asset offers an investor immediate cash flow in a high rental demand submarket, with an attractive unit mix of micro-units that cater to tenants seeking affordable and efficient housing. With strong in-place income, a historically low vacancy rate, and excellent long-term fundamentals, the property presents a compelling opportunity for both yield-focused and growth-oriented investors. Originally constructed in 1964, the property consists of thirty-four bachelor units, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit. The property is master-metered for all utilities and features a central water heating system. Residents benefit from secure, gated access and twenty-three covered parking spaces. In addition to its core income-generating features, 4905 West Adams offers significant development potential. Current ownership has completed preliminary schematic plans to add twenty ADUs under the existing ADU ordinances comprising six studios, twelve one-bedroom units, and two two-bedroom units providing a clear path to dramatically increase the unit count and i
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5049001045
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Listed by Sevak Keshishian • Marcus & Millichap