1875 W Adams BLVD

LOS ANGELES, CA, 90018

$3,998,800

$412 per ft²
$3,998,800
$412 per ft²
Active
Active
 - For Sale
beds
25 Beds
carpenters-square
9,702 ft²
property_type
Multi-family
calendar
Built 1922
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 investor 1863- 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.
MLS® ID:
IG22210105MR
Listed:
9/26/22
Updated:
1/29/23

Interior Features

Total Bedrooms
25
Total Bathrooms
0
Laundry Description
Laundry Area

Exterior/Building Features

Lot Size
0.31 acres lot
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LAC2

Property History

Date
Event
Price
Value
10/20/22
Price Change
$3,998,800
133%

Courtesy of New Venture Realty, Erik Hererra,
Listing Contact:  

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©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/29/23

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