CA > Los Angeles
Los Angeles, CA 90011,630 E Adams BLD
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Joel Martinez

Joel Martinez

+1(831) 230-0059
$3,700,000
Est. payment /mo
8,479 Sqft Lot
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UPDATED:

11/20/2024 01:34 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC24234576

Style Contemporary

Originating Board California Regional MLS

Year Built 2024

Lot Size 8,479 Sqft

Property 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 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, landlor

Location

State CA

County Los Angeles

Area 699 - Not Defined

Rooms

Kitchen Dishwasher, Garbage Disposal, Hood Over Range, Other, Exhaust Fan, Oven Range - Electric, Refrigerator, Trash Compactor

Interior

Heating Central Forced Air

Cooling Central AC

Laundry 38

Exterior

Garage Spaces 12.0

Pool 31, None

Roof Type Composition

Building

Story Three or More Stories

Foundation Concrete Slab

Water Hot Water, District - Public

Architectural Style Contemporary

Others

Tax ID 5128011005

Special Listing Condition Not Applicable

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Listed by Drew Dunn • Four Brothers Real Estate, Inc.

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agent

Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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