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Property Description

A turnkey 12-unit multifamily asset, 4309 W Adams Blvd is an ideal 1031 exchange upleg. The headache-free investment offers robust market rents and a fully renovated property. The new owner will generate strong rents at a healthy $2.65/SF from day one as well as benefit from long-term appreciation in a rapidly elevating neighborhood. Add up to an additional +/-3,000 SF by building four ADUs in the rear of the generously sized lot. From James Beard-nominated Chef Keith Corbin of Alta Adams, the always buzzy Tartine and Mizlala restaurants, to CIM’s numerous residential, commercial, and office developments, the neighborhood’s energy is positive and electric. There is demonstrated demand for newly renovated dual-entrance units in smaller secure buildings with dedicated parking. Centrally located between Culver City and Downtown LA, the subject property offers financial and development incentives to the savvy investor, whether tax deferment within an Opportunity Zone or 7-floor by-right development potential as a TOD Tier 4 site in the Crenshaw Corridor Specific Plan.

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Additional Information
Maher Commercial Realty
0
CLW-C128275
CLW-X83092
Nicole
5059005005
: Standard
One
32

Multi-Family For Sale

4309 Adams Boulevard, Los Angeles, California 90018

8,850 Sqft
$4,350,000
Listing ID #24439523
Basic Details
Status : Active
DaysOnMarket : 13
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24439523
Price : $4,350,000
Living Area : 8,850 Sqft
Lot Size : 10,681 Sqft
Year Built : 1954
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90018
Price Per Square Foot : $492
ModificationTimestamp : 2024-09-26 11:09:27
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