3807 W Adams Boulevard
Los Angeles, CA 90018

$3,295,000

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Status Pending
Listing MultiFamily
Style Other
Year Built 1939
MLS® SR19170999
Original Listing Open Link
MultiFamily For Sale

Property Features
Presenting an excellent opportunity to purchase a beautifully maintained 12 unit apartment in the historic West Adams neighborhood. The landscaping and condition of the complex is an indication of it's true pride in ownership. The property consists of three 3 bed/1 bath, four 2 bed/1 bath, and five 1 bed/1bath units. One unit has plans approved to upgrade from a 1 bedroom to a 2 bedroom, and another unit from a 2 bedroom to a 3 bedroom. There are two structures with 6 units each totaling 9,778 sq ft on a 12,992 sq ft lot. There is onsite laundry available and each unit is individually metered for gas and electricity. 9 of the units have been upgraded with new plumbing and electricity, while the other 3 have been partially upgraded. There are 6 double car garages and 2 open space parking spots totaling 14 parking spaces. The property has great cash flow collecting over 19k per month with even more room for upside. With a current cap rate of 5.1% and GRM of 14.3, this property offers great value with excellent market appreciation in a rapidly developing neighborhood.
Key Features
Lot Size 12, 992.00 acres
Property Type MultiFamily
Year Built 1939
Style Other
Stories 2.0
Parking Spaces 14-car
Exterior Features
Lot Size 12, 992.00 acres
Roof Unknown
Parking Spaces 14-car
The Neighborhood
County Los Angeles

Disclaimer: Copyright © 2019 CRIS-Net Regional MLS (Southland). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Interested in this listing?
Listing Agent
Daniel Perez
Keller Williams Realty-Studio City
Direct: 818-614-8195
Broker: 818-432-1500
Active Agent
Lance Vermeulen
LANCE VERMEULEN RE, INC
Direct: 4135286011x14
Broker: (413) 528-6011
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
Contact
Listing Agent
Daniel Perez
Keller Williams Realty-Studio City
Direct: 818-614-8195
Broker: 818-432-1500
Active Agent
Lance Vermeulen
LANCE VERMEULEN RE, INC
Direct: 4135286011x14
Broker: (413) 528-6011
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
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Information deemed reliable but not guaranteed. All measurements are approximate. MLS® numbers are provided where available. NewPoint Media Group, LLC is not affiliated or associated with The Canadian Real Estate Association or any other owner of the MLS® word or design mark in any geographic area.