1325 E Adams Blvd - Multi-Family FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$1,290,000 USD
310-666-2246
1325 E Adams Blvd, Los Angeles, CA for Sale
$1,290,000 USD
Multi-Family - FOR SALE
1/24
null | 5% Cap Rate

1325 E Adams Blvd
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • Stable cash flow from day 1 with a 5% Cap Rate, increasing to an impressive 9.7% Cap on Proforma
  • Plans for 6 ADUs to achieve 11.7% Current Cap Rate, 14.8% Proforma Cap, and only 163k/unit after construction costs
  • Recently renovated units featuring updated kitchens, bathrooms, cabinets, flooring, exterior upgrades, newer roof, and new windows
  • Prime location near Downtown LA, USC, BMO Stadium, George Lucas' Museum, and Exposition Park, with the 2028 Olympics in sight

OVERVIEW

6-unit value-add building with 12 parking spaces cash flowing at a 5% Cap Rate from day 1 with upside to a 9.7%Cap on Proforma! Preliminary plans to add 6 detached ADUs to achieve an incredible 11.7% Current Cap Rate, 14.8%Proforma Cap, and only 163k/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!

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units+Plans 6 ADUs 5% Cap upside to 9.7%

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,315 SF

ZONING

RD1.5

APN/PARCEL ID

5118-009-019

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.