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$ 1,775,000
Est. payment | /mo
8,540 SqFt
$ 1,775,000
Est. payment | /mo
8,540 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,540 sqft
Price per Sqft $207
MLS Listing ID CL25579401
HOA Y/N No
Year Built 1923
Lot Size 0.282 Acres
Acres 0.2823
Property Sub-Type Other
Property Description
Prime opportunity to acquire a 16-unit apartment building in the heart of rapidly transforming West Adams. A thriving neighborhood attracting strong investor interest and tenant demand. The property offers stable cash flow today and substantial upside through unit renovations, rental increases, or future redevelopment. Value-Add Play: Renovate interiors to capture higher market rents in a high-demand micro-market. 3 Units Delivered Vacant Redevelopment Potential: LAM1 zoning in an Opportunity Zone offers flexibility for future mixed-use, adaptive reuse, or expansion (verify with City of LA). Strong Location Fundamentals: West Adams continues to see rapid rent growth and neighborhood revitalization, driven by proximity to Culver City, DTLA, and the Expo Line.This property is well-suited for investors seeking immediate cash flow with multiple exit strategies. Buy, renovate, and hold for long-term appreciation, or reposition for higher and better use.
Location
State CA
County Los Angeles
Zoning LAM1
Interior
Cooling None
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5126019004
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Listed by George Morales • Compass
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