$ 3,700,000
630 East Adams Boulevard Los Angeles, CA 90011
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Listed by Drew Dunn • Four Brothers Real Estate, Inc.
$ 3,700,000
Est. payment /mo
New
630 East Adams Boulevard Los Angeles, CA 90011
10,760 SqFt
UPDATED:
11/20/2024 03:51 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,760 sqft
Price per Sqft $343
MLS Listing ID OC-24234576
Style Modern
Year Built 2024
Lot Size 8,479 Sqft
Property Description
Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investment's appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landlords avoid utility expenses, boosting profitability. The property's prime location enhances its value and tenant appeal. Located less than 1.3 miles from USC's West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks and vibrant attractions. Boasting an 85 Walk Score, tenants enjoy easy access to freeways, public transportation, and nearby shopping, dining, and entertainment. The neighborhood's thriving rental market ensures long-term appreciation and consistent occupancy. Investors also gain peace of mind with a 1-year builder warranty, while the green-certified construction offers energy efficiency and reduced tenant utility costs. The property includes 12 parking spaces (8 covered garage spots and 4 uncovered), a rare and desirable feature in Los Angeles. Best of all, this property is exempt from rent control, allowing for maximum rental income and flexibility. Whether expanding your portfolio or seeking a high-performing investment, this property offers unmatched financial benefits, modern amenities, and strong market potential.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Type None
Laundry Gas & Electric Dryer Hookup
Exterior
Exterior Feature Rain Gutters
Garage Gated
Garage Spaces 8.0
Pool None
Community Features Curbs
Utilities Available Sewer Connected, Water Connected, Electricity Connected
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer