Adams & Main Portfolio FOR SALE


Los Angeles, CA - West Adams
$4,895,000 USD
310-422-3891
, Los Angeles, CA for Sale
$4,895,000 USD
FOR SALE
1/12
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Adams & Main Portfolio
Los Angeles, CA
West Adams


HIGHLIGHTS

  • Three contiguous parcels for a total of 23,774 SF of land - high potential for redevelopment for a variety of end uses
  • Located in an Opportunity Zone - provides significant federal capital gains tax incentives
  • Fully occupied by all month-to-month tenants, entire property can be occupied by Buyer
  • Only 3 blocks away from one of USC's largest off-campus student housing development—the Lorenzo Apartments
  • First time on the market in over 20 years

OVERVIEW

Three (3) contiguous parcels at the signalized intersection of major arteries Main St & Adams Blvd, only 3 blocks from the Lorenzo Apartments—one of USC's largest off-campus student housing communities. Consists of a two-story industrial/flex building of 18,200 SF zoned M1, a single-story 4-unit residential apartment zoned R4, and a parking lot zoned R4. All of the tenants are Month-To-Month — the in-place NOI is approximately $175,000 with the Buyer's new tax basis. Situated within a federally designated Opportunity Zone, the properties offer compelling potential for redevelopment, value-add repositioning, or owner-user occupancy. Attached is a feasibility study for the two R4 lots on their own, which show a potential for up to 91 units. The assets may be purchased individually or as a combined portfolio, providing flexibility based on a Buyer’s investment or development strategy.

ASK ABOUT THIS PROPERTY

Joe BologneseSaxum WestMore Info
310-422-3891

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Joe BologneseSaxum WestMore Info
310-422-3891

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