3807 W Adams Blvd Los Angeles, CA 90018

$2,925,000 Sold Price as of 10/31/2019

16 Beds
12 Baths
9,778 Sq.Ft.

Off Market

$2,925,000 Sold Price as of 10/31/2019 Refinance Your Mortgage

Map preview of 3807 W Adams Blvd, Los Angeles, CA 90018

Property Overview: 3807 W Adams Blvd Los Angeles, CA has 16 bedrooms, 12 bathrooms, 9,778 living square feet and 12,991 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3807 W Adams Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $773. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 3807 W Adams Blvd

Last sold for $2,925,000 on October 31st, 2019

January, 2024
Jan 16, 2024

Date

Expired

CRMLS: 23303933

$3,695,000

Price
Aug 23, 2023

Date

Active

CRMLS: 23303933

$3,695,000

Price
Listing provided courtesy of CRMLS

3807-3815 W Adams Blvd is one of the most unique available properties that's currently on the market and will serve great for a 1031 Exchange Buyer, or for someone to add a great generational asset to their portfolio in highly sought after West Adams. 12 existing units on a large 12,992 SF lot & desirably zoned LAR3 for future lot value. There are in-place RTI's and approved plans from the city to immediately begin building (2) 3 Bed/2 Bath ADU's in the back above the garages to make the property 14 units, add additional RSF, and will allow the Buyer to immediately capture rental upside and add significant cash flow. There is great construction/bridge financing available to help execute this vision & upside with I/O monthly payments and light pre-pay. The building has stunning 1930's architecture & great curb appeal with large units & a top-heavy unit mix with all 1+1's, 2+1's, 3+1's and a 3+2, and NO Studios, Singles or Bachelors. Garage parking for 12 cars in the back which is a huge premium for tenants in a thinly parked neighborhood. Great in-place income metrics (no ADU's) with a 13.11 GRM and 5.20% cap rate on current rents, and a 7.96 GRM and 9.28% cap rate at stabilized rents. Approximately 40% rental upside excluding ADU additions, and roughly 80% rental upside when including the ADU additions. On-site laundry room for tenants to use and bring in monthly income. Tenants enjoy being in the heart of the West Adams Corridor with easy access to all of the recent retail, restaurant and mixed-use developments that has made this one of the most desirable pockets in LA. Great mobility being less than 1 block to/from the 10 Fwy entrance/exit, and less than 1 mile from the Expo/Crenshaw Metro Station which will allow riders to get to LAX on the newly built K Line. Close proximity to the recently built Cumulus Development, USC, Exposition Park (George Lucas Museum, LA Coliseum, BMO Stadium, LA Science Center, Natural History Museum), Crypto.com Arena, Nokia Theatre and LA Live! For a full copy of the OM, you can click here to access the Dropbox folder that contains it: https://www.dropbox.com/scl/fi/l12fdqjn9utan3gy3jp22/3807-3815-W-Adams-Blvd-OM.pdf?rlkey=is5iyypth32r9x9pc93fyafmo&dl=0

Continue Reading
August, 2023
Aug 16, 2023

Date

Canceled

CRMLS: 23278941

$3,695,000

Price
Jun 6, 2023

Date

Active

CRMLS: 23278941

$3,795,000

Price
Listing provided courtesy of CRMLS

PRICE REDUCTION & MOTIVATED SELLER! BRING ALL OFFERS! Stunning late 1930's architecture with 12 existing units + RTI's and approved plans from the city to immediately begin building (2) 3 Bed/2 Bath ADU's in the back above the garages to make it 14 units, which will allow the Buyer to capture immediate rental upside. Once completed, the ADU's will take the unit count to 14, add more rentable square footage to the property, and generate substantial additional cash flow. In-place 13.64 GRM & 4.71% cap rate at current rents (as-is with no ADU's), and a 7.96 GRM & 9.28% cap rate at stabilized rents. Approximately 35% rental upside excluding ADU additions, and roughly 80% rental upside when including the ADU additions. The building sits on a large lot, and has a great in-place unit mix with (5) 1 Bed/1 Bath, (4) 2 Bed/1 Bath, (2) 3 Bed/1 Bath and (1) 3 Bed/2 Bath units. Tenants enjoy the perks of a doorbird entry system for secure entry & tenant safety, and 12 on-site & gated parking spaces in the back. On-site laundry room for tenant convenience and additional monthly income. The property is located in the sought-after Adams Corridor with easy access to all of the recent retail & restaurant developments. Tenants can enjoy being blocks away to eat at the new popular restaurants in West Adams, such as: Johnny's Pastrami, Tartine West Adams, Cento Pasta Bar, MIAN West Adams, and much more! This location is a minute drive away to the nearest entrance/exit for the 10 Freeway, and 1 mile from the Expo/Crenshaw Station, which allows tenants quick & easy access to get around while being centrally located in the heart of Los Angeles! The Expo/Crenshaw Station now allows riders to get to LAX on the newly built K Line! Close proximity to the recently built Cumulus District, USC, and Exposition Park (George Lucas Museum, LA Coliseum, BMO Stadium, LA Science Center, Natural History Museum), Crypto.com Arena and LA Live!

Continue Reading
June, 2023
Jun 7, 2023

Date

Canceled

CRMLS: 23249113

$3,795,000

Price
Mar 8, 2023

Date

Active

CRMLS: 23249113

$3,995,000

Price
Listing provided courtesy of CRMLS

CALL FOR OFFERS! LARGE PRICE REDUCTION! Stunning late 1930's architecture with 12 existing units + RTI's and approved plans from the city to immediately begin building (2) 3 Bed/2 Bath ADU's in the back above the garages to make it 14 units, which will allow the Buyer to capture immediate rental upside. Once completed, the ADU's will take the unit count to 14, add more rentable square footage to the property, and generate substantial additional cash flow. In-place 13.99 GRM & 4.55% cap rate at current rents (as-is with no ADU's), and an 8 GRM & 9.00% cap rate at stabilized rents. Approximately 35% rental upside excluding ADU additions, and roughly 80% rental upside when including the ADU additions. The building sits on a large lot, and has a great in-place unit mix with (5) 1 Bed/1 Bath, (4) 2 Bed/1 Bath, (2) 3 Bed/1 Bath and (1) 3 Bed/2 Bath units. Tenants enjoy the perks of a doorbird entry system for secure entry & tenant safety, and 12 on-site & gated parking spaces in the back. On-site laundry room for tenant convenience and additional monthly income. The property is located in the sought-after Adams Corridor with easy access to all of the recent retail & restaurant developments. Tenants can enjoy being blocks away to eat at the new popular restaurants in West Adams, such as: Johnny's Pastrami, Tartine West Adams, Cento Pasta Bar, MIAN West Adams, and much more! This location is a minute drive away to the nearest entrance/exit for the 10 Freeway, and 1 mile from the Expo/Crenshaw Station, which allows tenants quick & easy access to get around while being centrally located in the heart of Los Angeles! The Expo/Crenshaw Station now allows riders to get to LAX on the newly built K Line! Close proximity to the recently built Cumulus District, USC, and Exposition Park (George Lucas Museum, LA Coliseum, BMO Stadium, LA Science Center, Natural History Museum), Crypto.com Arena and LA Live!

Continue Reading
December, 2021
Dec 23, 2021

Date

Canceled

CRMLS: 21796168

$3,895,000

Price
Oct 19, 2021

Date

Active

CRMLS: 21796168

$3,995,000

Price
Listing provided courtesy of CRMLS

Current 4.5% Cap Rate + 33% Rental Upside + Build 2 ADU's + a R3 double lot! 3807 W. Adams is a trophy asset that provides Day 1 cash flow + a value-add component + the ability to build ADUs - plans are in process. Built in 1939, the building features an incredible unit mix of (5) 1 Bed/1 Bath units, (4) 2 Bed/1 Bath units (two units renovated), (2) 3 Bed/1 Bath units, and (1) 3 Bed/2 Bath unit (renovated), 6 double car garages in the back totaling 12 spaces, and on- site laundry facilities. The property is being delivered fully occupied and will yield 11.02 GRM with rents at market. Fueled by the Expo Line expansion, and spillover from neighboring tech hot spots, West Adams is "the future more than any other place in the market", according to TheRealDeal.com. The property presents a rare opportunity for investors to acquire a cash-flowing asset that has the potential to yield a 6.49% cap rate upon stabilization and a 8.28% cap rate with ADUs completed.

Continue Reading
December, 2020
Dec 18, 2020

Date

Canceled

CRMLS: 20657324

$3,550,000

Price
Dec 14, 2020

Date

Price Change

CRMLS: 20657324

$3,550,000

Price
Nov 9, 2020

Date

Active

CRMLS: 20657324

$3,636,000

Price
Listing provided courtesy of CRMLS

3807 West Adams Blvd, an amazing two-story value-add complex conveniently located in West Adams. Built in 1939, the building features an incredible unit mix of five 1 Bed/1 Bath units, four 2 Bed/1 Bath units (one unit renovated), two 3 Bed/1 Bath units, and one 3 Bed/2 Bath unit (renovated), 12 on-site parking spaces, and on- site laundry facilities. The property is being delivered fully occupied and has the potential to yield a 10.0 GRM upon leasing at market rents. Located in an upcoming market, reinvigorated by the Expo Line expansion, Opportunity Zones and spillover from neighboring tech hot spots like Culver City, West Adams is the future more than any other place in the market, according to TheRealDeal.com. The property presents a rare opportunity for investors to acquire a positive cash flow building that has the potential to yield a 7.51% cap rate upon stabilization.

Continue Reading
October, 2019
Oct 31, 2019

Date

Sold (Public Records)

Public Records

$2,925,000

Price
October, 2019
Oct 7, 2019

Date

Sold

CRMLS: SR19170999

$2,925,000

Price
Sep 17, 2019

Date

Pending

CRMLS: SR19170999

$3,295,000

Price
Aug 13, 2019

Date

Active Under Contract

CRMLS: SR19170999

$3,295,000

Price
Jul 18, 2019

Date

Active

CRMLS: SR19170999

$3,295,000

Price
Listing provided courtesy of CRMLS

Presenting an excellent opportunity to purchase a beautifully maintained 12 unit apartment in the historic West Adams neighborhood. The landscaping and condition of the complex is an indication of it's true pride in ownership. The property consists of three 3 bed/1 bath, four 2 bed/1 bath, and five 1 bed/1bath units. One unit has plans approved to upgrade from a 1 bedroom to a 2 bedroom, and another unit from a 2 bedroom to a 3 bedroom. There are two structures with 6 units each totaling 9,778 sq ft on a 12,992 sq ft lot. There is onsite laundry available and each unit is individually metered for gas, electricity, and water with individual water shut off valves. 9 of the units have been upgraded with new plumbing and electricity, while the other 3 have been partially upgraded. There are 6 double car garages and 2 open space parking spots totaling 14 parking spaces. The property has great cash flow collecting over 19k per month with even more room for upside. At 275k per unit with a current cap rate of 4.9% and GRM of 14.2, this property offers great value with excellent market appreciation in a rapidly developing neighborhood.

Continue Reading
October, 2006
Oct 27, 2006

Date

Sold (Public Records)

Public Records

$1,135,000

Price

Tax History for 3807 W Adams Blvd

Assessed Value (2020): $2,925,000

Year	Land Value	Improved Value	Assessed Value
2020	$2,200,000	$725,000	$2,925,000

About 3807 W Adams Blvd

Detailed summary of property

3807 W Adams Blvd is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90018 and last sold on October 31, 2019 for $2,925,000. This property has 16 bedrooms, 12 bathrooms, roughly 9,778 living square feet, and sits on an approximately 12,991 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 178.57% higher than the current median priced home. 3807 W Adams Blvd was last sold on October 31, 2019 for $2,925,000. Local nearby listings include 2200 Wellington Rd, 3616 7th Ave and 1726 Crenshaw Blvd. The average home in Los Angeles, CA is selling in 97 days. There are currently 3357 homes for sale in the Los Angeles real estate market and 2273 of them are single family homes while 993 of them are condos and 86 are townhomes. If you are the homeowner and looking to sell the home at 3807 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 3807 W Adams Blvd

Public county record property details

Beds: 16
Baths: 12
Year built: 1939
Sq. Ft.: 9,778
Lot Size: 12,991
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 5059-015-003

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

$949,000

Median List Price/Sq.Ft.

$627

Median Sold Price

$915,000

Median Sold Price/Sq.Ft.

$675

Total Inventory

Median Sale to List Price %

96.33%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (0%), VA (12.5%), Cash (25%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote