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Listed by Lauren Cearley, DRE #02146823 • Myunits.com Inc.
$ 3,950,000
Est. payment /mo
Active
4220 W Adams Los Angeles, CA 90018
7,503 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26177684
Year Built 1925
Lot Size 7,503 Sqft
Source California Regional MLS
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 $344,160 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 continue
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Other
Exterior
Parking Features Assigned Spaces
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5051005010
Special Listing Condition Not Applicable
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