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434 E Adams Blvd, Los Angeles, CA 90011
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434 E Adams Blvd Los Angeles, CA 90011

$1,000,000 Sold Price as of 05/08/2024
  • 10 Beds
  • 6 Baths
  • 5,608 Sq.Ft.
Sold
$1,000,000 Sold Price as of 05/08/2024 Refinance Your Mortgage
Map preview of 434 E Adams Blvd, Los Angeles, CA 90011

Property Overview: 434 E Adams Blvd Los Angeles, CA has 10 bedrooms, 6 bathrooms, 5,608 living square feet and 7,858 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 434 E Adams Blvd, a 5-unit multifamily property located in the Historic South-Central neighborhood of South Los Angeles. Built in 1902, the building sits on a 7,858 sqft lot with 5,608 sqft of rentable space and consists of (1) 4Bed/2Bath single-family residence, accompanied by (2) 1Bed/1Bath and (2) 2Bed/1Bath units. 434 E. Adams boasts an average rent of $1,697/unit and roughly 33% in rental upside to be captured in the future. The property is separately metered for gas and electricity and does not offer tenants any on-site parking. Buyers are encouraged to verify accuracy of building records and data. Located east of Maple Ave and north of Jefferson, the subject property is located on a major Los Angeles thoroughfare. Tenants can find multiple public transportation stops at the corner of Maple and Adams and other nearby destination include Los Angeles Trade Technical College, University Park, University of Southern California, Exposition Park, Natural History Museum, and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.

Listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 155

Home details

Lot Sq. Ft
7,858
HOA Dues
$0/mo
Year built
1902
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23319695
City
Los Angeles
County
Los Angeles
Time on Site
354 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,033
  • Total Rent: $2,065
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $3,744
  • Pro Forma/Market Rent: $4,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,016
  • Total Rent: $3,016
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.14%
  • Gross Rent Multiplier: 10.38
  • Gross Scheduled Income: --
  • Net Operating Income: $67,435
  • Gross Operating Income: $102,995
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 434 E Adams Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5128010008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Head north on Maple Avenue and turn right onto E Adams Blvd. The subject property is located in-between Maple Ave and Trinity Street.
View more facts & features

Local Los Angeles Agent

Sale History for 434 E Adams Blvd

Last sold for $1,000,000 on May 8th, 2024

  • May, 2024

  • May 8, 2024

    Date

    Sold

    CRMLS: 23319695

    $1,000,000

    Price

  • Oct 9, 2023

    Date

    Active

    CRMLS: 23319695

    $1,150,000

    Price

  • December, 2022

  • Dec 7, 2022

    Date

    Canceled

    CRMLS: OC22145361

    $1,449,000

    Price

  • Jul 7, 2022

    Date

    Active

    CRMLS: OC22145361

    $1,449,000

    Price

  • Listing provided courtesy of CRMLS

    This charming 5 unit apartment offers a tremendous opportunity for a local and experienced investor to capitalize on the growing rents and the Student Housing demand in the area. The entire property is comprised of two buildings totaling 5,608sf and built in the early 1900’s. It sits on almost 7,858sf of land in a designated Opportunity Zone. 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. The rear building is a large 4 bedroom single family home while the front building is a large 4 unit with good sized unit mix and layouts that can be easily converted into separate rooms for student housing rentals. Good Location south of the 10 fwy, east of the 110 fwy, and less than 2 miles to USC, Exposition Park, Downtown LA, the fashion district, LA Live., Restaurants & Shops.

  • May, 2019

  • May 17, 2019

    Date

    Sold

    CRMLS: CV19027452

    $925,000

    Price

  • Apr 5, 2019

    Date

    Pending

    CRMLS: CV19027452

    $975,000

    Price

  • Feb 12, 2019

    Date

    Active Under Contract

    CRMLS: CV19027452

    $975,000

    Price

  • Feb 5, 2019

    Date

    Active

    CRMLS: CV19027452

    $975,000

    Price

  • Listing provided courtesy of CRMLS

    Solid and easy to manage bread and butter rentals with long-term tenants located in Downtown LA and less than 1.5 mi from USC. The lot is zoned RD1.5 and the property is located in an Opportunity Zone which allows disappearance of capital gains if hold 10+ years and 15% discount on the capital gains used for acquisition. The zoning allows for 5 small-lot home development with TOC Tier 3 density bonus. The front building has 4 units, with 2 upstairs and 2 downstairs units. The downstairs units are large one-bedroom with living room and formal dining room and are a similar size with the upstairs 2-bedroom units, thus can be applied for a conversion to a 2-bedroom. The back building is a 3-bedroom house with 2 full bathrooms, currently used as a 5-bedroom house. Four units have been recently updated with laminate wood floor and one unit has its original wood floor refinished. New paint in most units. Two units have new kitchen cabinets less than one-year-old. This property has tremendous upward potential for the right new owner.

  • May, 2019

  • May 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $925,000

    Price

  • September, 2018

  • Sep 16, 2018

    Date

    Expired

    CRMLS: CV18149312

    $1,080,000

    Price

  • Jun 22, 2018

    Date

    Active

    CRMLS: CV18149312

    $1,080,000

    Price

  • Listing provided courtesy of CRMLS

    Solid and easy to manage bread and butter rental with long-term tenants located in Downtown LA and less than 1.5 mi from USC. The front building has 4 units, with 2 upstairs and 2 downstairs units. The downstairs units are large one-bedroom with living room and formal dining room and are a similar size with the upstairs 2-bedroom units. The back building is a 3-bedroom house with 2 full bathrooms, currently used as a 5-bedroom house. Four units have been recently updated with laminate wood floor and one unit has its original wood floor refinished. New paint in most units. Two units have new kitchen cabinets less than one-year-old. With a firm property manager and a strict landlord, this property has a tremendous upward potential.

  • January, 2012

  • Jan 4, 2012

    Date

    Sold (Public Records)

    Public Records

    $345,500

    Price

Show More

Tax History for 434 E Adams Blvd

Assessed Value (2020): $943,500
Year Land Value Improved Value Assessed Value
2020 $561,000 $382,500 $943,500

Home Value Compared to the Market

This property vs the competition

434 E Adams Blvd sold on May 8, 2024 for 1.88% lower 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 $195.97 per/sqft which puts the price per square foot 72.93% lower than the current median sale per square foot for the city of Los Angeles.

About 434 E Adams Blvd

Detailed summary of property

434 E Adams Blvd is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 5,608 living square feet, and sits on an approximately 7,858 square foot lot. 434 E Adams Blvd was first listed on ArdentRealEstateGroup.com on October 10, 2023. The homeowner sold the property for $1,000,000. 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 1.88% lower than the current median priced home. Local homes that are currently for sale include 940 E 43rd Pl, 2928 Compton Ave and 1609 Oak St. While the average home in Los Angeles, CA is selling in 106 days, 434 E Adams Blvd has a days on market of 155 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 434 E Adams Blvd Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 434 E Adams Blvd

Public county record property details
Beds
7
Baths
5
Year built
1902
Sq. Ft.
5,608
Lot Size
7,858
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5128-010-008

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
50
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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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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