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4309 W Adams Blvd, Los Angeles, CA 90018
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4309 W Adams Blvd Los Angeles, CA 90018

$4,350,000
  • 12 Beds
  • 12 Baths
  • 8,850 Sq.Ft.
For Sale
$4,350,000 Get Pre-Qualified
Map preview of 4309 W Adams Blvd, Los Angeles, CA 90018

Property Overview: 4309 W Adams Blvd Los Angeles, CA has 12 bedrooms, 12 bathrooms, 8,850 living square feet and 10,681 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: A turnkey 12-unit multifamily asset, 4309 W Adams Blvd is an ideal 1031 exchange upleg. The headache-free investment offers robust market rents and a fully renovated property. The new owner will generate strong rents at a healthy $2.65/SF from day one as well as benefit from long-term appreciation in a rapidly elevating neighborhood. Add up to an additional +1,500 SF by building two ADUs in the rear of the generously sized lot. From James Beard-nominated Chef Keith Corbin of Alta Adams, the always buzzy Tartine and Mizlala restaurants, to CIM's numerous residential, commercial, and office developments, the neighborhood's energy is positive and electric. There is demonstrated demand for newly renovated dual-entrance units in smaller secure buildings with dedicated parking. Centrally located between Culver City and Downtown LA, the subject property offers financial and development incentives to the savvy investor, whether tax deferment within an Opportunity Zone or 7-floor by-right development potential as a TOD Tier 4 site in the Crenshaw Corridor Specific Plan.

Listed by Nicole Lu | BRE #02045957 | Maher Commercial Realty
Last checked: 1 minute ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
10,681
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24439523
City
Los Angeles
County
Los Angeles
Time on Site
5 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,846
  • Total Rent: $1,846
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,763
  • Total Rent: $1,763
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,924
  • Total Rent: $1,924
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,867
  • Total Rent: $1,867
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,002
  • Total Rent: $2,002
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,903
  • Total Rent: $1,903
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,976
  • Total Rent: $1,976
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,794
  • Total Rent: $1,794
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.28%
  • Gross Rent Multiplier: 15.2
  • Gross Scheduled Income: --
  • Net Operating Income: $186,016
  • Gross Operating Income: $282,636
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 4309 W Adams Blvd

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Property Details for 4309 W Adams Blvd

Interior Features
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 12
  • Parcel Number: 5059005005
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South on Crenshaw Blvd, West on W. Adams Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 4309 W Adams Blvd

Last sold for $1,695,000 on March 1st, 2017

  • September, 2024

  • Sep 13, 2024

    Date

    Active

    CRMLS: 24439523

    $4,350,000

    Price

  • March, 2017

  • Mar 1, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,695,000

    Price

  • December, 1995

  • Dec 18, 1995

    Date

    Sold (Public Records)

    Public Records

    $239,000

    Price

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Tax History for 4309 W Adams Blvd

Assessed Value (2020): $1,799,246
Year Land Value Improved Value Assessed Value
2020 $1,167,328 $631,918 $1,799,246

Home Value Compared to the Market

This property vs the competition

4309 W Adams Blvd is listed 262.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $491.53 per/sqft which puts the price per square foot 36% lower than the median price per square foot for the city of Los Angeles.

About 4309 W Adams Blvd

Detailed summary of property

4309 W Adams Blvd is a multi family located in Los Angeles, CA 90018 and is currently for sale. This multi family property offers 12 bedrooms, 12 bathrooms, roughly 8,850 living square feet, and sits on an approximately 10,681 square foot lot. 4309 W Adams Blvd was first listed on ArdentRealEstateGroup.com on September 14, 2024. The homeowner is currently asking $4,350,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 262.5% higher than the median priced home. Local competing homes currently for sale include 1554 S Gramercy Pl, 4024 Nicolet Ave and 2060 S Hobart Blvd. While the average home in Los Angeles, CA is selling in 106 days, 4309 W Adams Blvd has a days on market of 6 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 4309 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 4309 W Adams Blvd

Public county record property details
Beds
12
Baths
12
Year built
1954
Sq. Ft.
8,850
Lot Size
10,680
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5059-005-005

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%)

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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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