630 E Adams Boulevard, Property Listing: MLS® #OC24234576

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 investments 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, landlords avoid utility expenses, boosting profitability. The propertys prime location enhances its value and tenant appeal. Located less than 1.3 miles from USCs West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks a

630 E Adams Boulevard, Property Listing: MLS® #OC24234576 Close
Page Summary
NEW
  • MLS® #: OC24234576
  • 630 E Adams Boulevard
  • , CA 90011
  • $3,700,000
  • 0.19 Acres
  • Office: Four Brothers Real Estate, Inc.

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 investments 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, landlords avoid utility expenses, boosting profitability. The propertys prime location enhances its value and tenant appeal. Located less than 1.3 miles from USCs West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks a

Supplemental Remarks

Essential Information

  • MLS® #OC24234576
  • Listing Price$3,700,000
  • Original Listing Price$3,700,000
  • Date ListedNovember 18th, 2024
  • Days on Market2
  • Bathrooms0.00
  • Acres0.19
  • Lot Sq.Ft.8,479
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0
  • Total Monthly Dues$33

Community Information

  • Address630 E Adams Boulevard
  • AreaLOS ANGELES (90011)
  • CountyLos Angeles
  • StateCA
  • Zip Code90011

Amenities

  • PoolN/K

Interior

  • CoolingCentral Forced Air
  • # of Stories3

Exterior

  • ExteriorStucco, Vinyl
  • Lot DescriptionCurbs
  • RoofComposition
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Listing information last updated on November 26th, 2024 at 6:08pm PST.