New Listing
1325 E Adams Boulevard,Los Angeles, CA 90011
Los Angeles, CA 90011
Description
Huge ~225k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6.5% Cap Rate from day 1 with upside to an 11.9% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 13.5% Current Cap Rate, 16.9% Proforma Cap, and only 144k/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!
Details
| MLS # | 26924165 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 3 |
| Listing Provided By | Global Platinum Properties, Inc. | Armin Soleimani |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 2,838 |
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 3 |
| Zoning | LARD1.5 |
| Acreage | 0.15 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
Parking
| Parking Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $1,070,000 low | high Med: $789,000 sqft: 2,838 low | high Med: 2,535 $ / sqft: $377 low | high Med: $318 On site: 3 low | high Med: 202.5 | |
Market Activity 90011
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $1,070,000 low | high Med: $789,000 sqft: 2,838 low | high Med: 2,535 $ / sqft: $377 low | high Med: $318 On site: 3 low | high Med: 202.5 | |
 | $850,0001237 E 28thLos Angeles, CA 90011 |