4309 West Adams Boulevard

Los Angeles, CA 90018

$4,350,000
Price
12
Beds
12
Baths
8,850 Sq. Ft.
$492 / Sq. Ft.
8,850
Sq. Ft.
$492
per Sq. Ft.

Description

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...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.
  1. Listed by Nicole Lu • DRE #02045957 • Brokerage DRE #01299093 • Maher Commercial Realty

Property Details for 4309 West Adams Boulevard

Zoning
LAC2
Cross Streets
W. Adams Blvd. & 13th Avenue
Parcel Number
5059005005
Total Units
12.0
Living Area
8850
Source Living Area
Other
Area
Mid Los Angeles (C16)
Vacancy Rate
0
LISTING UPDATED: 09/26/2024 10:56 AM

Property Details for 4309 West Adams Boulevard

StatusActive
MLS #24-439523
Days on Market66
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.25 AC / 10,681 SF
CountyLos Angeles County

Building Information for 4309 West Adams Boulevard

Stories2Residences-Year Built1954Building Size-Lot Size0.25 AC / 10,681 SF

Property Information for 4309 West Adams Boulevard

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1 Bed/1Bath
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $282,636
  • Net Operating Income: $186,016.00
  • Gross Income: $282,636
  • Cap Rate: 4.28%
  • Gross Rent Multiplier: $15.20
  • Total Annual Expense: 96620
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2453
  • Lot Size Square Feet: 10681
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Laminate
  • Equipment: Range/Oven, Refrigerator
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen
  • Kitchen Features: Granite Counters, Remodeled
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,763.00
  • Unit Actual Rent: $1,763.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,924.00
  • Unit Actual Rent: $1,924.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,867.00
  • Unit Actual Rent: $1,867.00
  • Unit Projected Rent: $1,875.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,002.00
  • Unit Actual Rent: $2,002.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,903.00
  • Unit Actual Rent: $1,903.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,976.00
  • Unit Actual Rent: $1,976.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,846.00
  • Unit Actual Rent: $1,846.00
  • Unit Projected Rent: $1,895.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,794.00
  • Unit Actual Rent: $1,794.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 12 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $663,732.00
  • Assessed Improvement Percent: 35.1
  • Assessed Land Value: $1,227,069.00
  • Assessed Land Percent: 64.9
  • Assessed Total Value: $1,890,801.00

Property History for 4309 West Adams Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4309 West Adams Boulevard

Taxable ValueLand$1,251,610Additions$677,506Total$1,929,116
Tax Record2024$24,420 ($2,035 / month)
Home Facts
Total Finished SqFt8,850 SqFtAbove Grade Finished SqFt8,850 SqFtLot Size10,681 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAC2CountyLOS ANGELESAPN5059-005-005

Schools near 4309 West Adams Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Arlington Heights Elementary School
Public - K to 5
Johnnie Cochran, Jr., Middle School
Public - 6 to 8
Susan Miller Dorsey Senior High School
Public - 9 to 12
ISANA Nascent Academy
Charter - K to 8
Rating
School
Distance
Arlington Heights Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4309 West Adams Boulevard, Los Angeles, CA 90018

4309 West Adams Boulevard is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on September 13, 2024 by Maher Commercial Realty, it's currently listed at $4,350,000. It has been on the market for a total of 66 days and was last sold on February 28, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Arlington Heights Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 4309 West Adams Boulevard is a 12-bed, 12-bath, 8,850 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Maher Commercial Realty, Nicole Lu, DRE #02045957

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.