Homes for sale - 4309 W Adams BLVD, Los Angeles, CA 90018

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Mark Magnaye

mark@marketsoldre.com +1(760) 707-3535

$ 4,175,000

Est. payment | -/mo

12 Beds

12 Baths

8,850 SqFt

Save

$ 4,175,000

Est. payment | -/mo

Save

12 Beds

12 Baths

8,850 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,850 sqft

Price per Sqft $471

MLS Listing ID 24439523

Bedrooms 12

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1954

Lot Size 10,680 Sqft

Property Description

A turnkey 12-unit multifamily asset, 4309 W Adams Blvd is an ideal 1031 exchange upleg. The headache-free investment offers robust market rents and a fully renovated property. The new owner will generate strong rents at a healthy $2.65/SF from day one as well as benefit from long-term appreciation in a rapidly elevating neighborhood. Add up to an additional +/-3,000 SF by building four ADUs in the rear of the generously sized lot. From James Beard-nominated Chef Keith Corbin of Alta Adams, the always buzzy Tartine and Mizlala restaurants, to CIM's numerous residential, commercial, and office developments, the neighborhood's energy is positive and electric. There is demonstrated demand for newly renovated dual-entrance units in smaller secure buildings with dedicated parking. Centrally located between Culver City and Downtown LA, the subject property offers financial and development incentives to the savvy investor, whether tax deferment within an Opportunity Zone or 7-floor by-right development potential as a TOD Tier 4 site in the Crenshaw Corridor Specific Plan.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAC2

Interior

Flooring Laminate

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Assigned

Total Parking Spaces 8

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5059005005

Special Listing Condition Standard

Listed by Nicole Lu • Maher Commercial Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 707-3535

mark@marketsoldre.com

10085 Carrol Canyon Rd, Diego, CA, 92131, United States

4309 W Adams BLVD Los Angeles, CA 90018