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3807 W Adams Blvd

Los Angeles, CA 90018
  • $3,895,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 21-796168
UPDATED: 58 min ago
$3,895,000
  • 22
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,778
    SQFT
  • $398
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Description

Current 4.5% Cap Rate + 33% Rental Upside + Build 2 ADU's + a R3 double lot! 3807 W. Adams is a trophy asset that provides Day 1 cash flow + a value-add component + the ability to build ADUs - plans are in process. Built in 1939, the building features an incredible unit mix of (5) 1 Bed/1 Bath units, (4) 2 Bed/1 Bath units (two units renovated), (2) 3 Bed/1 Bath units, and (1) 3 Bed/2 Bath unit (renovated), 6 double car garages in the back totaling 12 spaces, and on- site laundry facilities. The property is being delivered fully occupied and will yield 11.02 GRM with rents at market. Fueled by the Expo Line expansion, and spillover from neighboring tech hot spots, West Adams is "the future more than any other place in the market", according to TheRealDeal.com. The property presents a rare opportunity for investors to acquire a cash-flowing asset that has the potential to yield a 6.49% cap rate upon stabilization and a 8.28% cap rate with ADUs completed.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-02T06:42:49.91. 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.
www.searchdesertrealestate.com/homes/122568971
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3807 W Adams Blvd Los Angeles, CA 90018

  • Price: $3,895,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 58 min ago
  • MLS #: 21-796168
22
Beds
0
Baths
0
½ Baths
N/A
Acres
9,778
SQFT
$398
$/SQFT
1939
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
Current 4.5% Cap Rate + 33% Rental Upside + Build 2 ADU's + a R3 double lot! 3807 W. Adams is a trophy asset that provides Day 1 cash flow + a value-add component + the ability to build ADUs - plans are in process. Built in 1939, the building features an incredible unit mix of (5) 1 Bed/1 Bath units, (4) 2 Bed/1 Bath units (two units renovated), (2) 3 Bed/1 Bath units, and (1) 3 Bed/2 Bath unit (renovated), 6 double car garages in the back totaling 12 spaces, and on- site laundry facilities. The property is being delivered fully occupied and will yield 11.02 GRM with rents at market. Fueled by the Expo Line expansion, and spillover from neighboring tech hot spots, West Adams is "the future more than any other place in the market", according to TheRealDeal.com. The property presents a rare opportunity for investors to acquire a cash-flowing asset that has the potential to yield a 6.49% cap rate upon stabilization and a 8.28% cap rate with ADUs completed.
Exterior Features

Lot Size Area 12994 Other Structures Other Parking Garage Other Total Parking 12

Interior Features

Baths Total 13.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 2925000 Gross Income 267517 Gross Operating Income 267517 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 173607.00 Number Of Buildings 2 Number Of Units 12 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 88624 Type Of Units Apartments Year Built Source Other Zoning Lar3

Listing provided courtesy of Elijah Korobkin DRE#01897085 of Central Realty Advisors Inc.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-02T06:42:49.91. 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.
 
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