Search
949 W Adams Blvd, Los Angeles, CA 90007
View Photos

949 W Adams Blvd Los Angeles, CA 90007

$46,000,000 Sold Price as of 11/06/2019
  • 33389 Beds
  • 0 Baths
  • 18,468 Sq.Ft.
Sold
$46,000,000 Sold Price as of 11/06/2019 Refinance Your Mortgage
Map preview of 949 W Adams Blvd, Los Angeles, CA 90007

Property Overview: 949 W Adams Blvd Los Angeles, CA has 33389 bedrooms, -- bathrooms, 18,468 living square feet and 25,796 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A rare opportunity to acquire an amazing Portfolio of primarily student housing located adjacent to USC & Koreatown. Consisting of 10 buildings, 8 of which are located within blocks of each other. The properties are well suited for common area & interior upgrades. The buildings are being offered as a portfolio & must be sold together. Addresses and APN#'s are:2666 Orchard Ave.APN#5055-026-028, 909 W. 30th St.APN#5123-004-413, 738 W. 27th St.APN#5123-016-010, 3006 Royal St.APN#5123-011-001, 949 W. Adams Blvd.APN#5124-010-020, 2620 Severance St.APN#5123-003-011, 1282 W. 29th St.APN#5055-010-002, 2827 Orchard Ave.APN#5055-012-008, 966 S. Hoover St.APN# 5136-003-017, 720 Hoover St. APN#5141-012-014. ALL OFFERS MUST BE RECEIVED BY LISTING AGENTS NO LATER THAN FRIDAY, SEPT. 20, 2019 BY 5:00 PM. OFFERS MUST INCLUDE PROOF OF FUNDS.

Listed by Rick Tyberg | BRE #02076436 | Douglas Elliman
Co-listed by Sam Shakerchi | BRE #01868195 | Douglas Elliman
Last checked: 2 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
25,796
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19508782
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 193
  • Total # of Buildings: 10
Unit Breakdown 1
  • # of Units: 193
  • # of Beds: 173
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $3,406,308
  • Total Rent: $3,406,308
  • Pro Forma/Market Rent: $4,767,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.06
  • Gross Scheduled Income: --
  • Net Operating Income: $1,817,921
  • Gross Operating Income: $3,406,308
  • Improvements Total: $1,989,492
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 949 W Adams Blvd

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 193
  • Parcel Number: 5124010020
Location / Neighborhood
Location Information
  • Directions: 8 Buildings Adjacent to USC and 2 buildings North of USC on Hoover.
View more facts & features

Local Los Angeles Agent

Sale History for 949 W Adams Blvd

Last sold on April 14th, 2020

  • April, 2020

  • Apr 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2019

  • Nov 6, 2019

    Date

    Sold

    CRMLS: 19508782

    $46,000,000

    Price

  • Oct 30, 2019

    Date

    Pending

    CRMLS: 19508782

    $44,500,000

    Price

  • Sep 9, 2019

    Date

    Active

    CRMLS: 19508782

    $44,500,000

    Price

Show More

Tax History for 949 W Adams Blvd

Assessed Value (2020): $9,058,950
Year Land Value Improved Value Assessed Value
2020 $5,500,000 $3,558,950 $9,058,950

Home Value Compared to the Market

This property vs the competition

949 W Adams Blvd sold on November 6, 2019 for 3392.94% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $2409.57 per/sqft which puts the price per square foot 204.62% higher than the current median sale per square foot for the city of Los Angeles.

About 949 W Adams Blvd

Detailed summary of property

949 W Adams Blvd is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 33389 bedrooms, -- bathrooms, roughly 18,468 living square feet, and sits on an approximately 25,796 square foot lot. 949 W Adams Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $46,000,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 3392.94% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 100 days, 949 W Adams Blvd has a days on market of 14 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 949 W Adams Blvd Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 949 W Adams Blvd

Public county record property details
Beds
18
Baths
--
Year built
1956
Sq. Ft.
19,766
Lot Size
25,795
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
120-121
APN
5124-010-020

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,380,000
Median List Price/Sq.Ft.
$501
Median Sold Price
$525,000
Median Sold Price/Sq.Ft.
$589
Total Inventory
13
Median Sale to List Price %
102.94%
Avg Days on Market
55
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Recently Sold Homes Near 949 W Adams Blvd

2370 Portland St, Los Angeles, CA 90007
$3,650,000 Last Sold Price
18 Beds
12 Baths
7150 Sq.Ft.
2370 Portland St
Los Angeles, CA 90007
1017 W 25Th St, Los Angeles, CA 90007
$1,365,000 Last Sold Price
4 Beds
9 Baths
-- Sq.Ft.
1017 W 25Th St
Los Angeles, CA 90007
1024 W 24th St, Los Angeles, CA 90007
$2,350,000 Last Sold Price
11 Beds
14 Baths
8563 Sq.Ft.
1024 W 24th St
Los Angeles, CA 90007
1117 W 28th St, Los Angeles, CA 90007
$2,115,000 Last Sold Price
10 Beds
7 Baths
6998 Sq.Ft.
1117 W 28th St
Los Angeles, CA 90007

Related Resources to 949 W Adams Blvd

New Listings in 90007
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote