34.033012 -118.30542

1875 W Adams Boulevard LOS ANGELES, CA 90018

323584120 34.033012 -118.30542 124 /listing/323584120-150133918/1875-w-adams-boulevard-los-angeles-ca-90018 False 0 3998800.0 105 IG22210105 False
  • $3,998,800
  • 0.31 lot
  • Est payment $21466.42/mo

Property & Neighborhood Info

Courtesy Of Erik Hererra, DRE#01387977, New Venture Realty

Multi-Family in Los Angeles

high density perfect investment property to build 24-28 units each lot or buy both properties including 1863 W Adams Blvd and build 48-53 Units buyer must verify with city seller may carry first lien with 20% down at 5% interest only loan amazing location on a c2 zone 1.5 miles from USC great development project for the Savy investor1863- 1875 West Adams Blvd is a Two separate APN four unit apartment buildings being sold together. The property contains a gross rentable area of a combined 9,702SF sitting on a large combined 13,300SF C2 zoned lot. This allows an investor to potentially build up to 53 units with Tier 2 Transit Oriented Communities incentives (buyer to verify with L.A. city planning).This investment is in the rapidly gentrifying West Adams submarket of Mid City, close to newly opened restaurants and cafes such as Highly Likely. Easy access to the 10 freeway and Metrolink access points providing an easy commute to both Downtown or West LA.The building is currently operating as a rooming house, allowing an investor to achieve max rents and fast turnover until development plans are complete.

Courtesy Of Erik Hererra, DRE#01387977, New Venture Realty
  1. 0.31 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1922
  • County: LOS ANGELES
  • Units: 8
  • Zoning: LAC2
  • MLS Number:IG22210105

Additional Features

  • Laundry:
    • CommonArea
  • Building Square Feet:
    • 9702
  • Common Walls:
    • NoCommonWalls
  • Garage:
    • N
  • New Construction:
    • N
  • Year Built Source:
    • Assessor
  • Lot Description:
    • Item01UnitAcre
  • Pool:
    • None
  • Sewer:
    • PublicSewer
  • Community Features:
    • Sidewalks
  • Number of Buildings:
    • 2
  • Water:
    • Public
  • Gross Income:
    • 290000
  • Net Operating Income:
    • 39000
  • Terms:
    • CashtoNewLoan
    • Contract
    • Conventional
    • LeaseOption
  • CDOM:
    • 23
  • Special Conditions:
    • Standard
  • Annual Trash Expense:
    • 400
  • DOM:
    • 23
  • Electric Exp:
    • 28000
  • Fuel Exp:
    • 5000
  • Gross Scheduled Income:
    • 290000
  • Insurance Expense:
    • 4000
  • Listing Service:
    • FullService
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 1023086200
  • Operating Expense:
    • 39000
  • Parcel Number:
    • 5058020017
  • Water Sewer Exp:
    • 1200
Neighborhood info courtesy of Homes.com © 2022

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Redderson Real Estate Professionals
Redderson Real Estate Professionals
Broker Associate
1397 Calle Avanzado San Clemente CA 92673
34.033012 -118.30542

1875 W Adams Boulevard LOS ANGELES, CA 90018

323584120 34.033012 -118.30542 124 /listing/323584120-150133918/1875-w-adams-boulevard-los-angeles-ca-90018 False 0 3998800.0 105 IG22210105 False
  • $3,998,800
  • 0.31 lot
  • Est payment $21466.42/mo