1325 E Adams Boulevard, Los Angeles, CA 90011 - Berkshire Hathaway HomeServices California Properties

888.995.7575

1325 E Adams Boulevard Los Angeles, CA 90011

$1,025,000 7 beds, 6 baths
2, 838 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Agent Remarks

Huge ~275k Price Reduction! 6-unit value-add building with 12 parking spaces priced at only $170k/unit and cash flowing at a 6.75% Cap Rate from day 1 with upside to an 11% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 12.7% Current Cap Rate, 15.5% Proforma Cap, and only $141k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26104106

List price is $1,025,000

Beds: 7

Baths: 6

Built in 1924

2,838 sqft

1 story

0.15 acres

Lot size: 0.1450