1325 E Adams BLVD, Los Angeles, CA 90011
1325 E Adams BLVD, Los Angeles, CA 90011
1325 E Adams BLVD, Los Angeles, CA 90011
1325 E Adams BLVD, Los Angeles, CA 90011
1325 E Adams BLVD, Los Angeles, CA 90011
1325 E Adams BLVD, Los Angeles, CA 90011
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Rocio Valenzula

Rocio Valenzula

+1(909) 851-3846
$ 1,025,000
Est. payment | /mo

7 Beds

6 Baths

2,838 SqFt

Save
$ 1,025,000
Est. payment | /mo
Save

7 Beds

6 Baths

2,838 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,838 sqft

Price per Sqft $361

MLS Listing ID 26104106

Bedrooms 7

HOA Y/N No

Year Built 1924

Lot Size 6,316 Sqft

Property Description

Huge ~275k Price Reduction! 6-unit value-add building with 12 parking spaces priced at only $170k/unit and cash flowing at a 6.75% Cap Rate from day 1 with upside to an 11% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 12.7% Current Cap Rate, 15.5% Proforma Cap, and only $141k/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!

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Gated

Total Parking Spaces 12

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5118009019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872

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Why The Brandon Drew Group?

THIS IS OUR PURPOSE .
 
Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →

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1325 E Adams BLVD