1325 E Adams Blvd, Los Angeles, CA, 90011
No Images Available
Property Details
7
6
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 7 • Bathrooms: 6 • Square Feet: 2838 • Lot/Size: 6,315 sqft lot
Description: Huge ~200k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6% Cap Rate from day 1 with upside to an 11.3% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 12.9% Current Cap Rate, 16% Proforma Cap, and only 149k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA,
Location
Address
1325 E Adams Blvd, Los Angeles, CA, 90011
City
Los Angeles
Features and Finishes
Year Built: 1924; [object Object]; [object Object]; [object Object]
Legal Notice
Our comprehensive database is populated by our meticulous research and analysis of public data. MirrorRealEstate strives for accuracy and we make every effort to verify the information. However, MirrorRealEstate is not liable for the use or misuse of the site's information. The information displayed on MirrorRealEstate.com is for reference only.