5614 W Adams Blvd - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$1,795,000 USD
818-667-6683
5614 W Adams Blvd, Los Angeles, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/12
null | 6.52% Cap Rate

5614 W Adams Blvd
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • Priced to Sell — Reduced to $1,795,000 Just $256,429/unit and $356.99/SF — well below the comp set ($316K/unit,$405/SF)
  • ~16% Mark-to-Market Upside In-place rents average $2,153 vs. ±$2,500 on renovated units; NOI grows from$117,065 to $143,959 (+23%) through turnover.
  • Two Units Renovated in 2024 (Permitted) New double-pane windows, flooring, kitchen cabinetry & appliances, in-unitwasher/dryer, and mini-split HVAC.
  • Turnkey Value-Add Vacancy One vacant unit taken to the studs, passed rough MEP, and pre-fit for W/D,dishwasher, range, hood, fridge & mini-split.
  • Efficient All-2BR Mix Seven 2BR/1BA units (±715 SF) — the deepest, most resilient renter pool in the WestAdams submarket.
  • Major Capital Improvements Since 2022 - New roof (2022), backflow preventer (2023), central plumbing (2023), landscaping /paint / re-stucco (2024).

OVERVIEW

The LAAA Team of Marcus & Millichap is pleased to present 5614 W Adams Boulevard, a renovated seven-unit multifamily investment in one of Los Angeles’ fastest-growingneighborhoods. Built in 1961 and subject to the City of Los Angeles RSO, the Property features a desirable all-two-bedroom mix — seven 2BR / 1BA units averaging approximately715 square feet. Ownership has made substantial capital improvements since 2022, including a new roof (2022), backflow water-preventer (2023), major central plumbing upgrades (late 2023), andlandscaping, exterior painting and re-stuccoing (2024). Two units were fully remodeled in 2024 with permits — new double-pane windows, flooring, kitchen cabinetry andappliances, in-unit washer/dryer, and mini-split HVAC. A completed soft-story seismic retrofit carries a 2019 Certificate of Compliance. Two units are currently vacant — one taken to the studs and passed rough mechanical, electrical and plumbing (MEP) inspection, pre-fit for a washer/dryer, dishwasher, range,hood, refrigerator and mini-split — letting a buyer close up the walls and finish to their own spec. In-place rents average approximately $2,153, meaningfully below the ±$2,500achieved on renovated units, for clear mark-to-market upside. Zoned C2-1VL-CPIO in a Tier 2 TOC and High Quality Transit Corridor, the lot may support one or more detachedADUs — additional income and density upside without complex entitlements.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

7

PRICE/UNIT

$256,429

CAP RATE

6.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Adams Value Add Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C2-1VL-CPIO

APN/PARCEL ID

5048-029-020

ASK ABOUT THIS PROPERTY

Glen ScherMarcus & MillichapMore Info
818-667-6683

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Glen ScherMarcus & MillichapMore Info
818-667-6683

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