74
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$3,950,000
Est. payment /mo
7,501 Sqft Lot
New
4220 W Adams Los Angeles, CA 90018
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26177684
HOA Y/N No
Year Built 1925
Lot Size 7,501 Sqft
Property Sub-Type Apartment
Property Description
4220 W. Adams Blvd is an
exceptional opportunity to acquire a fully stabilized 11-unit apartment
community in the heart of rapidly transforming Mid-City. Comprised of
one beautifully renovated Spanish-style building and a newly
constructed five-unit apartment building, this turnkey asset offers
investors immediate cash flow with approximately $399,000 in gross
annual income and an attractive 6.55% cap rate. The property features
an ideal mix of five spacious three-bedroom units and six one-bedroom
units, all thoughtfully designed with modern finishes including sleek
kitchens, designer bathrooms, in-unit washer/dryers, central HVAC or
mini-splits, and many units with private balconies. All utilities are
separately metered, helping keep operating expenses low while
creating a truly low-maintenance investment.
Ideally located just minutes from Culver City, West Adams, and the
Metro Expo Line, the property benefits from strong rental demand driven
by nearby tech and media employers including Amazon, Sony, Apple,
and HBO. Residents enjoy convenient access to some of Los Angeles'
most popular restaurants, cafés, and entertainment destinations, while
the surrounding neighborhood continues to experience significant
redevelopment and investment. This highly desirable location continues
to attract young professionals seeking modern housing with convenient
access to the Westside, Downtown Los Angeles, and the city's major
employment hubs. With its prime location, turnkey condition, strong inplace
financials, and excellent long-term growth potential, 4220 W.
Adams Blvd presents an outstanding opportunity for investors seeking
stable day-one cash flow and continued appreciation.
exceptional opportunity to acquire a fully stabilized 11-unit apartment
community in the heart of rapidly transforming Mid-City. Comprised of
one beautifully renovated Spanish-style building and a newly
constructed five-unit apartment building, this turnkey asset offers
investors immediate cash flow with approximately $399,000 in gross
annual income and an attractive 6.55% cap rate. The property features
an ideal mix of five spacious three-bedroom units and six one-bedroom
units, all thoughtfully designed with modern finishes including sleek
kitchens, designer bathrooms, in-unit washer/dryers, central HVAC or
mini-splits, and many units with private balconies. All utilities are
separately metered, helping keep operating expenses low while
creating a truly low-maintenance investment.
Ideally located just minutes from Culver City, West Adams, and the
Metro Expo Line, the property benefits from strong rental demand driven
by nearby tech and media employers including Amazon, Sony, Apple,
and HBO. Residents enjoy convenient access to some of Los Angeles'
most popular restaurants, cafés, and entertainment destinations, while
the surrounding neighborhood continues to experience significant
redevelopment and investment. This highly desirable location continues
to attract young professionals seeking modern housing with convenient
access to the Westside, Downtown Los Angeles, and the city's major
employment hubs. With its prime location, turnkey condition, strong inplace
financials, and excellent long-term growth potential, 4220 W.
Adams Blvd presents an outstanding opportunity for investors seeking
stable day-one cash flow and continued appreciation.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction Yes
Others
Senior Community No
Tax ID 5051005010
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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Listed by Lauren Cearley Myunits.com Inc. 213-302-8662, DRE #02146823
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