6 Units in West Adams (Los Angeles, Ca)
4214 West Adams Boulevard, Los Angeles, CA, USA
4214 W. Adams is located in the historic West Adams neighborhood in Los Angeles. This charming 6 unit apartment offers a tremendous value add opportunity for a local and experienced investor to capitalize on the growing rents in the area. The building offers all two bedroom units that average over 1,100sf each, with two units being delivered vacant at close of escrow.
The entire property was built in 1925 and is approx. 6,982sf in total building size sitting on almost 7,499sf of R3 zoned land in a designated Opportunity Zone. All the units are currently 2 bedroom / 1 bath and each comes with laundry room, fireplace, and a spacious layout. All of the tenants are month to month at below market rents, and one of the vacant units is already remodeled and ready for immediate occupancy. In the rear is a storage room, (6) carports, and an alley access for the tenants.
Features and Highlights
- Tremendous Value Add Opportunity
- Month to Month Tenancy with Two Units Vacant.
- Below Market Rents in a Strong Rental Area.
- Prime Location in West Adams near Leimert Park, Baldwin Hills, Crenshaw, Culver City, Rancho Cienega Sports Complex, USC, Exposition Park, DTLA, Restaurants & Shops.
- Building Size:6,982 SF
- Lot Size:7,499 SF
- Year Built:1925