1325 E Adams Boulevard

Los Angeles , CA 90011

MLS#: 25572721

$1,290,000

Status: Active
Listing number: 25572721
Listing provided by: Global Platinum Properties, Inc.
Listing agent phone: None
Last update: an hour ago
New on site 1 day ago
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Property

Beds

7

Full Baths

None

1/2 Baths

None

Year Built

1924

Sq.Footage

2,838

6-unit value-add building with 12 parking spaces cash flowing at a 5% Cap Rate from day 1 with upside to a 9.7% Cap on Proforma! Preliminary plans to add 6 detached ADUs to achieve an incredible 11.7% Current Cap Rate, 14.8% Proforma Cap, and only 163k/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, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Parking

    Gated

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.145

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,290,000

  • Sq. Footage

    2, 838

  • Price/SqFt

    $454

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Julio Ruiz , Global Platinum Properties, Inc.

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6-unit value-add building with 12 parking spaces cash flowing at a 5% Cap Rate from day 1 with upside to a 9.7% Cap on Proforma! Preliminary plans to add 6 detached ADUs to achieve an incredible 11.7% Current Cap Rate, 14.8% Proforma Cap, and only 163k/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, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!

1325 E Adams Boulevard

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