630 East Adams Boulevard
$3,700,000
22
20
10,760
10,760
$344
Description
Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include...Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investment’s appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landlords avoid utility expenses, boosting profitability. The property’s prime location enhances its value and tenant appeal. Located less than 1.3 miles from USC’s West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks and vibrant attractions. Boasting an 85 Walk Score, tenants enjoy easy access to freeways, public transportation, and nearby shopping, dining, and entertainment. The neighborhood’s thriving rental market ensures long-term appreciation and consistent occupancy. Investors also gain peace of mind with a 1-year builder warranty, while the green-certified construction offers energy efficiency and reduced tenant utility costs. The property includes 12 parking spaces (8 covered garage spots and 4 uncovered), a rare and desirable feature in Los Angeles. Best of all, this property is exempt from rent control, allowing for maximum rental income and flexibility. Whether expanding your portfolio or seeking a high-performing investment, this property offers unmatched financial benefits, modern amenities, and strong market potential.
- Listed by Drew Dunn • DRE #01941825 • Brokerage DRE #02022467 • Four Brothers Real Estate, Inc. • 949-413-7911
Property Details for 630 East Adams Boulevard
Architectural Style
Modern
Parking Spaces Total12
Private PoolNo
Cooling TypeCentral Forced Air
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area10760
LISTING UPDATED: 11/19/2024 10:28 PM
Property Details for 630 East Adams Boulevard
Status | Active |
---|---|
MLS # | OC24234576 |
Days on Market | 33 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential Income |
Year Built | 2024 |
County | Los Angeles County |
Building Information for 630 East Adams Boulevard
Building/Complex630 E Adams BlvdFloor-Stories3Residences-Pet Policy-Year Built2024Building Size-
Property Information for 630 East Adams Boulevard
Property History for 630 East 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 630 East Adams Boulevard
Taxable ValueLand$519,384Additions$129,948Total$649,332
Tax Record2024$8,189 ($682 / month)
Home Facts
Beds2Total Finished SqFt1,160 SqFtAbove Grade Finished SqFt1,160 SqFtStories1Lot Size8,479 SqFtStyleSingle Family ResidenceYear Built1899ZoningLARD1.5CountyLOS ANGELESAPN5128-011-005
Schools near 630 East 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 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Twenty-Eighth Street Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Thomas Jefferson Senior High School Public9 to 12 | ||
Nava College Preparatory Academy Public9 to 12 |
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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