1875 W ADAMS BOULEVARD, LOS ANGELES, CA 90018

  • 9,702 sqft
  • Lot Size: 13,300 sqft
  • Built in 1922
  • MLS #IG22210105
For Sale $3,998,800

Description

high density perfect investment property to build 24-28 units each lot or buy both properties including 1863 W Adams Blvd and build 48-53 Units buyer must verify with city seller may carry first lien with 20% down at 5% interest only loan amazing location on a c2 zone 1.5 miles from USC great development project for the Savy investor 1863- 1875 West Adams Blvd is a Two separate APN four unit apartment buildings being sold together. The property contains a gross rentable area of a combined 9,702SF sitting on a large combined 13,300SF C2 zoned lot. This allows an investor to potentially build up to 53 units with Tier 2 Transit Oriented Communities incentives (buyer to verify with L.A. city planning).This investment is in the rapidly gentrifying West Adams submarket of Mid City, close to newly opened restaurants and cafes such as Highly Likely. Easy access to the 10 freeway and Metrolink access points providing an easy commute to both Downtown or West LA.The building is currently operating as a rooming house, allowing an investor to achieve max rents and fast turnover until development plans are complete.

FACTS / FEATURES

  • Built in 1922
  • Lot Size: 13,300 sqft

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Listing Provided by Erik Hererra, New Venture Realty
Based on information from California Regional Multiple Listing Service, Inc. as of November 26, 2022. 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.