4309 West Adams Boulevard
$4,175,000
12
12
8,850
8,850
$472
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.
- Listed by Nicole Lu • DRE #02045957 • Brokerage DRE #01299093 • Maher Commercial Realty
Property Details for 4309 West Adams Boulevard
Zoning
LAC2
Cross StreetsW. Adams Blvd. & 13th Avenue
Parcel Number5059005005
Total Units12.0
Living Area8850
Source Living AreaOther
AreaMid Los Angeles (C16)
Vacancy Rate0
LISTING UPDATED: 12/04/2024 02:17 PM
Property Details for 4309 West Adams Boulevard
Status | Active |
---|---|
MLS # | 24-439523 |
Days on Market | 95 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.25 AC / 10,681 SF |
County | Los 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
Property History for 4309 West Adams Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
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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