$4,950,000

Discover a prime investment opportunity at West Adams Studios! Located at 4905 W Adams Blvd, Los Angeles, CA 90016, this 36-unit property in the thriving West Adams market presents an attractive option for savvy investors. Renovated in 2018 with over $500,000 in upgrades, including new plumbing, electrical systems, and modern… Read More finishes, this turn-key asset promises a hassle-free ownership experience. Boasting a high-efficiency micro-unit model, with studios comprising 91% of the unit mix, West Adams Studios offers a lucrative rental yield per square foot. With a current cap rate of 8.03%, this property demonstrates strong stabilized income generation potential. Don't miss out on this opportunity to invest in a well-maintained property in a desirable location with excellent income prospects. Take the next step towards maximizing your real estate portfolio with West Adams Studios! Turn-Key Renovated Asset with Significant Capital Improvements: This 36-unit apartment building underwent a comprehensive renovation in 2018, with over $500,000 in completed upgrades. The renovation included new plumbing, electrical systems, drywall, paint, flooring, and cabinetry, offering a modernized, turn-key investment for savvy investors. Proven "Micro Unit" Model Maximizing High PSF Rental Yield: Comprised primarily of studio units (91% of the unit mix), the property utilizes a high-efficiency micro-unit model that is easier to rent in the Los Angeles market. This design yields an impressive actual rent of $5.40 per square foot—with some units reaching as high as $6.67 PSF—justifying the asset’s valuation through proven rental performance. Substantial Built-in Value Add via ADU Potential: The property offers an unparalleled opportunity to capitalize on the city's Accessory Dwelling Unit (ADU) ordinance. Investors can potentially add 9+ units in the existing parking areas, significantly increasing the total unit count and exponentially growing the property’s longterm asset value. Exceptional Current Yield and Financial Stability: Offered at $4,950,000, the asset delivers a strong current CAP rate of 8.03% and a 9.99% Cash-on-Cash return. Maintaining a robust 95% occupancy rate, the property acts as a "cash flow machine," providing immediate and reliable Net Operating Income of $397,612. Read Less

Property listed by Altman Apartments LLC, Logan Altman 310-259-7556

Listing Snapshot

Days Online

Last Updated

Mar 20, 2026

Property Type

Apartment

Lot Size

0.31 Acres

Year Built

1964

MLS Number

SR26043366

Additional Details

Property Access

Frontage Type: Alley, CityStreet, Road Surface: Paved

Appliances & Equipment

ElectricCooktop, ExhaustFan, Microwave, Refrigerator, WaterHeater

Building

Built in 1964, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: Adams Blvd, Construction Materials: Drywall, Frame, Stucco

Community

Curbs, StreetLights, Sidewalks, Urban, Gated

Cooling

WallWindowUnits

Disclosures

FamilialRelation, PrincipalIsRealEstateLicensed, RentControl

Expenses

Cable TV: $10,800, Electric: $51,002, Fuel: $3,942, Insurance: $20,916, Licenses: $3,734, Maintenance: $45,000, Operating: $254,180, Pest Control: $1,764, Trash: $6,335

Fence

WroughtIron

Fireplaces

None

Floors

Tile

Foundation

Slab

Heating

Electric

Home Owner's Association

Association Fee: $0

Income

Gross Income: $651,792, Gross ScheduledIncome: $685,007, Net Operating Income: $397,612

Interior Features

Balcony, CeilingFans, GraniteCounters, MultipleStaircases, WiredForData

Laundry

None

Lot

0.3132 acres, CornerLot, Level, Over40UnitsAcre, NearPublicTransit, RectangularLot, StreetLevel

Parking

23 open parking spaces, 23 total parking spaces, Carport

Pool

None

Property

CityLights, Neighborhood

Security Features

ClosedCircuitCameras, CarbonMonoxideDetectors, SecurityGate, GatedCommunity, ResidentManager, SmokeDetectors

Sewer

PublicSewer

Taxes

Additional parcels description:, Parcel Number: 5049001045, Lot: 190, Zoning: C2-1VL-CPIO

Utilities

CableConnected, ElectricityConnected, SewerConnected, WaterConnected, Water Source: Public

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