$ 3,700,000
630 E Adams BLD Los Angeles, CA 90011
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,700,000
Est. payment /mo
New
630 E Adams BLD Los Angeles, CA 90011
8,479 Sqft Lot
UPDATED:
11/20/2024 01:34 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC24234576
Style Contemporary
Originating Board California Regional MLS
Year Built 2024
Lot Size 8,479 Sqft
Property Description
Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investment's appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landlor
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Kitchen Dishwasher, Garbage Disposal, Hood Over Range, Other, Exhaust Fan, Oven Range - Electric, Refrigerator, Trash Compactor
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 38
Exterior
Garage Spaces 12.0
Pool 31, None
Roof Type Composition
Building
Story Three or More Stories
Foundation Concrete Slab
Water Hot Water, District - Public
Architectural Style Contemporary
Others
Tax ID 5128011005
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Drew Dunn • Four Brothers Real Estate, Inc.