$4,175,000
- Beds
- 12
- sq ft
- 8,850
4309 W Adams Blvd, Los Angeles, CA 90018
4309 W Adams Blvd
Los Angeles, CA 90018
- 101 days on market
- Price drop $175,000↓
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.
Details
Property type
Property condition
Updated/Remodeled
Lot size
0.2452 acres
Price per sq ft
$472
Year built
1954
HOA
No
Price History
12/04/2024
CLAW #24439523
Price change
$4,175,000
-4.02%
09/13/2024
CLAW #24439523
Listed
$4,350,000
Schools & Community
Neighborhood:
Jefferson Park
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 12/24/2024 at 9:50 AM
Listing updated: 12/04/2024 at 2:45 PM
Listed by: Nicole Lu, Maher Commercial Realty Phone #: (310) 464-1453
MLS: CLAW #24439523
Recently listed in Los Angeles
$969,000|3 bd|2.0 ba|Condo
$1,150,000|3 bd|2.0 ba|House
$1,299,900|4 bd|3.0 ba|House
$1,199,000|4 bd|3.0 ba|House
$598,000|3 bd|2.0 ba|House
$1,350,000|2 bd|2.5 ba|Condo
$815,000|3 bd|2.0 ba|House
$1,325,000|3 bd|2.0 ba|House
$989,000|2 bd|2.0 ba|House
$649,999|3 bd|2.0 ba|House
Explore top cities in California