We are pleased to present 4905 West Adams Boulevard, a thirty-six-unit multifamily investment opportunity located in the heart of the rapidly evolving West Adams neighborhood of Los Angeles. This stabilized asset offers an investor immediate cash flow in a high rental demand submarket, with an attractive unit mix of micro-units… Read More that cater to tenants seeking affordable and efficient housing. With strong in-place income, a historically low vacancy rate, and excellent long-term fundamentals, the property presents a compelling opportunity for both yield-focused and growth-oriented investors. Originally constructed in 1964, the property consists of thirty-four bachelor units, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit. The property is master-metered for all utilities and features a central water heating system. Residents benefit from secure, gated access and twenty-three covered parking spaces. In addition to its core income-generating features, 4905 West Adams offers significant development potential. Current ownership has completed preliminary schematic plans to add twenty ADUs under the existing ADU ordinances comprising six studios, twelve one-bedroom units, and two two-bedroom units providing a clear path to dramatically increase the unit count and income. The property is also in compliance with Los Angeles' seismic retrofit requirements; the soft-story permit has been issued, and the retrofit must be completed by April 30, 2028. Furthermore, a permit has been approved to install built-in cooktops in all units, offering an immediate opportunity to enhance desirability and rental value. Situated just two blocks from the nearest on- and off-ramps to the I-10 Freeway, the property provides excellent regional access to Downtown Los Angeles, Culver City, USC, and the Westside. West Adams has become one of LA's most dynamic and gentrifying submarkets, with new multifamily and retail developments continuing to reshape the urban landscape. With high rental demand and a shortage of affordable housing options, 4905 West Adams is ideally positioned to deliver both near-term and long-term returns. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO). Read Less
Property listed by Marcus & Millichap, Sevak Keshishian 818-212-2700
Listing Snapshot
Days Online
98
Last Updated
Property Type
Other
Square Ft.
8,299
Lot Size
0.31 Acres
Year Built
1964
MLS Number
25566745
30 Days Snapshot Of 90016
$851k
-10%
(avg) sold price
16
-11%
homes sold
79
-28%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1964, Building area total: 8,299, Levels: Two, Living area: 8299, 2 stories, 1 building
Heating
WallFurnace
Income
Gross income: $642,241, Net operating income: $405,481
Lot
0.3132 acres, 13,644 square feet, Size: 13,644
Parking
23 totals parking, Covered, Gated
Property
Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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