4 Unit Apartment Building For Sale
1853 W Adams Blvd, Los Angeles, CA 90018

Prime 4-Units in Los Angeles, Excellent Unit Mix, Close to USC (2 Units to Vacate December 2018)

Property Details

Address
1853 W Adams Blvd, Los Angeles CA 90018
Price
$1,100,000
# of Units
4
Status
Available
Building Size
4,752
Price/Unit
$275,000
CAP Rate
3.83%
Year Built
1913
GRM
17.97
Type
Apartment
Lot Size
6,650
Price/SF
$231

Property Information

Investment Highlights
• Superb unit mix of (1) 1B+2B and (3) 2B +2B
• Commercial zoning (LAC1)
• Lot size: 6,650 square feet
• 4 separate gas and electric lines, 1 water meter
• 6 Parking spaces

Property Highlights
• Close to 10 FWY and 110 FWY
• High ceilings
• New exterior paint
• Close proximity to Downtown LA, Koreatown, Arts District, USC, California Science Center, Staples Center
• Nearby amenities include: entertainment, restaurants, supermarkets, shopping, night clubs, bowling alley, music venues, movie theaters and many more

Executive Summary

Growth Investment Group is proud to present 1853 W Adams Blvd, a 4-unit residential income property built in 1913 located in the city of Los Angeles. This property is located in a prime area just minutes away from the University of Southern California (USC), LA Convention Center, Staples Center, LA Live, and California Science Center. This property is also located in a convenient location with easy access to the 10 FWY and 110 FWY. The units are 100% occupied and is perfect for a value-add investor looking to acquire an investment property and increase its income potential.
1853 W Adams Blvd offers a superb unit mix of (1) 1B+2B and (3) 2B +2B. The total size of the building is 4,752 square feet and the total lot size is 6,650 square feet. Commercial zoning for this property (LAC1) allows for many commercial uses such as banks, clubs, hotels, child care, parking areas, retail stores, offices or businesses, and clinics. This property has a gated entrance with 6 individual parking spaces and individual meters for both gas and electricity.

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