For Sale
Multi-Family
MLS# 26104106
1325 E Adams Boulevard
Los Angeles, CA 90011
$1,025,000
- 7Beds
- 6Baths
- 2,838Sq Ft
- 1924Built
- $361Per Sq Ft
Los Angeles, CA 90011
$1,025,000
Huge ~275k Price Reduction! 6-unit value-add building with 12 parking spaces priced at only $170k/unit and cash flowing at a 6.75% Cap Rate from day 1 with upside to an 11% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 12.7% Current Cap Rate, 15.5% Proforma Cap, and only $141k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!
Questions on 1325 E Adams Boulevard, Los Angeles, CA 90011, or want to see it in person?
Listed by Armin Soleimani, Global Platinum Properties, Inc.
Abrams Coastal Properties has intimate knowledge of Coastal Orange County and is dedicated to giving unbeatable service to its clients.
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Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. 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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