$1,095,000
1325 Adams Boulevard
Los Angeles, CA 90011
7
Beds
6
Baths
2,838
Sq. Ft.
1924
Year Built
Los Angeles
County
ResidentialIncome
Property Type
About this home
Huge ~200k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6.35% Cap Rate from day 1 with upside to an 11.6% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 13.3% Current Cap Rate, 16.5% Proforma Cap, and only 147k/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!
Property Details
Architecture
Features & Amenities
Property Features
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Mortgage Estimate
$5,828/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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