1325 E Adams Boulevard, Los Angeles, CA 90011
List Price: $1.09M
Listing Status: Active
0Days on Market: 0
7 Bedrooms · 6 Bathrooms · 2,838 sq ft
Property Type: ResidentialIncome
Year Built: 1924
Lot Size: 6,315 sq ft
MLS Number: 26852461
About This Property
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!
Listing provided by: Armin Soleimani DRE #01846872 424-394-1030 arminsoleimani@gmail.com, Global Platinum Properties, Inc.
Source: CRMLS, MLS #: 26852461
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.