We are pleased to present a 6-unit bungalow community located at 634 E Adams consisting of four (4) separate two-story bungalow structures and a rear two-story duplex for a total of 5 separate structures. The property currently operates at an 9.71 GRM and 6.42% CAP Rate on current rents with rental upside potential to a 5.33 GRM and 14.29% CAP Rate on proforma rents. With four separate bungalow structures and a duplex built in 1912 on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The units consist of four (4) one bedroom one-bathroom standalone bungalows and (2) one bedroom one-bathroom units in the rear duplex totaling 4,188 rentable square feet located on an 8,575 square foot LARD1.5 lot. Nearby amenities include Trader Joe’s, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center, and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.