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3812 W Adams Boulevard

Los Angeles (City), CA 90018
  • $1,600,000
  • STATUS: Closed
  • ON SITE: 160 Days
  • ID#: 23330029
Sold - 04/08/2024
$1,600,000
SOLD - 04/08/2024
  • 8
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,321
    SQFT
  • $301
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

School District:
Listing Agent(s): Mark Cianciulli of The CREM Group (323-347-1009)


Description

We are pleased to present an exceptional investment opportunity at 3812 West Adams Boulevard in the thriving West Adams District of Los Angeles, CA. This well-maintained 8-unit apartment building, constructed in 1940, consists of six spacious 1-bedroom/1-bath units and two singles spanning 5,321 square feet, sitting on an expansive 15,338 square foot R3-zoned lot offering the potential for long-term redevelopment. Well-manicured outdoor common areas, ample parking, and 7 covered garages contribute to its tenant attraction. Notably, there is significant rental upside potential, with the opportunity to increase income by almost 50%, and one unit will be delivered vacant. One of the property's standout features is its central location, providing easy access to many of LA's busiest surrounding submarkets. It benefits from excellent transportation connectivity, with major highways and public transportation options, making commuting convenient for residents and appealing to potential tenants.

Sold by Subscriber Non of Non-Participant Office.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/145106054
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3812 W Adams Boulevard Los Angeles (City), CA 90018

  • Price: $1,620,000
  • Status: Closed
  • On Site: 160 Days
  • ID#: 23330029
8
Beds
0
Baths
0
½ Baths
0.35
Acres
5,321
SQFT
$301
$/SQFT
1940
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
School District:
Los Angeles Unified
Property Description
We are pleased to present an exceptional investment opportunity at 3812 West Adams Boulevard in the thriving West Adams District of Los Angeles, CA. This well-maintained 8-unit apartment building, constructed in 1940, consists of six spacious 1-bedroom/1-bath units and two singles spanning 5,321 square feet, sitting on an expansive 15,338 square foot R3-zoned lot offering the potential for long-term redevelopment. Well-manicured outdoor common areas, ample parking, and 7 covered garages contribute to its tenant attraction. Notably, there is significant rental upside potential, with the opportunity to increase income by almost 50%, and one unit will be delivered vacant. One of the property's standout features is its central location, providing easy access to many of LA's busiest surrounding submarkets. It benefits from excellent transportation connectivity, with major highways and public transportation options, making commuting convenient for residents and appealing to potential tenants.
Exterior Features

Open Parking Spaces 3 Parking Features Covered Parking Total 10

Property Features

Association YN No Cap Rate 4.11 Disclosures Trust/Conservatorship Gross Income 119748 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 69816 New Construction YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ADA Upgrades Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Mark Cianciulli of The CREM Group (323-347-1009)