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2267 W Adams Blvd, Los Angeles, CA 90018
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2267 W Adams Blvd Los Angeles, CA 90018

$2,400,000 Sold Price as of 09/14/2023
  • 16 Beds
  • 12 Baths
  • 9,800 Sq.Ft.
Sold
$2,400,000 Sold Price as of 09/14/2023 Refinance Your Mortgage
Map preview of 2267 W Adams Blvd, Los Angeles, CA 90018

Property Overview: 2267 W Adams Blvd Los Angeles, CA has 16 bedrooms, 12 bathrooms, 9,800 living square feet and 13,489 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Vintage, 'old-school LA' charm inside-and-out - attractive appointments that are rarely found anymore. Well-located near Mid-City, Mid-Wilshire and K-Town. Large front lawn on this massive 13,489 sq. ft. lot. 30+ years of single ownership - his "Baby". But, he has self-managed and not consistently raised rents. Massive meat-on-the-bone for a new Buyer - 50% rent upside! And then there's the development upside, as well. An opportunistic opportunity. 8% cap UPSIDE! Part of a 2-building portfolio sale with 12 units at 3335 W. Stocker St.

Listed by Brice Head | BRE #01330706 | CBRE, Inc.
Last checked: 9 minutes ago | Last updated: September 15th, 2023 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
13,489
HOA Dues
$0/mo
Year built
1939
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23295275
City
Los Angeles
County
Los Angeles
Time on Site
419 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,075
  • Total Rent: $1,075
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,412
  • Total Rent: $1,412
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,683
  • Total Rent: $1,683
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $862
  • Total Rent: $862
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $904
  • Total Rent: $904
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $824
  • Total Rent: $824
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,867
  • Total Rent: $1,867
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,305
  • Total Rent: $1,305
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.71
  • Gross Scheduled Income: --
  • Net Operating Income: $125,349
  • Gross Operating Income: $190,686
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2267 W Adams Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 12
  • Parcel Number: 5058004015
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Exit 10 Freeway on to Arlington Ave and turn left on Adams
View more facts & features

Local Los Angeles Agent

Sale History for 2267 W Adams Blvd

Last sold for $2,400,000 on September 14th, 2023

  • September, 2023

  • Sep 14, 2023

    Date

    Sold

    CRMLS: 23295275

    $2,400,000

    Price

  • Jul 28, 2023

    Date

    Active

    CRMLS: 23295275

    $2,499,000

    Price

  • November, 1993

  • Nov 17, 1993

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

Show More

Tax History for 2267 W Adams Blvd

Assessed Value (2020): $559,472
Year Land Value Improved Value Assessed Value
2020 $310,819 $248,653 $559,472

Home Value Compared to the Market

This property vs the competition

2267 W Adams Blvd sold on September 14, 2023 for 123.12% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $255 per/sqft which puts the price per square foot 64.78% lower than the current median sale per square foot for the city of Los Angeles.

About 2267 W Adams Blvd

Detailed summary of property

2267 W Adams Blvd is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 16 bedrooms, 12 bathrooms, roughly 9,800 living square feet, and sits on an approximately 13,489 square foot lot. 2267 W Adams Blvd was first listed on ArdentRealEstateGroup.com on July 28, 2023. The homeowner sold the property for $2,400,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 123.12% higher than the current median priced home. Local homes that are currently for sale include 1951 W Martin Luther King Jr Blvd, 1139 S Kingsley Dr and 940 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 106 days, 2267 W Adams Blvd has a days on market of 46 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2267 W Adams Blvd Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2267 W Adams Blvd

Public county record property details
Beds
14
Baths
12
Year built
1939
Sq. Ft.
9,800
Lot Size
13,489
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20,21
APN
5058-004-015

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,800
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,040,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
62
Median Sale to List Price %
104.1%
Avg Days on Market
38
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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