1853 Adams Boulevard W

    Los Angeles (City), CA 90018
    • $1,100,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: AR18225783
    $1,100,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,752
      SQFT
    • $231
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    Growth Investment Group is proud to present 1853 W Adams Blvd, a 4-unit residential income property built in 1913 located in the city of Los Angeles. This property is located in a prime area just minutes away from the University of Southern California (USC), LA Convention Center, Staples Center, LA Live, and California Science Center. This property is also located in a convenient location with easy access to the 10 FWY and 110 FWY. The units are 100% occupied and is perfect for a value-add investor looking to acquire an investment property and increase its income potential.1853 W Adams Blvd offers a superb unit mix of (1) 1B+2B and (3) 2B +2B. The total size of the building is 4,752 square feet and the total lot size is 6,650 square feet. Commercial zoning for this property (LAC1) allows for many commercial uses such as banks, clubs, hotels, child care, parking areas, retail stores, offices or businesses, and clinics. This property has a gated entrance with 6 individual parking spaces and individual meters for both gas and electricity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87524262

    1853 Adams Boulevard W Los Angeles (City), CA 90018

    • Price: $1,100,000
    • Status: Active
    • ID#: AR18225783
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,752
    SQFT
    $231
    $/SQFT
    1913
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Growth Investment Group is proud to present 1853 W Adams Blvd, a 4-unit residential income property built in 1913 located in the city of Los Angeles. This property is located in a prime area just minutes away from the University of Southern California (USC), LA Convention Center, Staples Center, LA Live, and California Science Center. This property is also located in a convenient location with easy access to the 10 FWY and 110 FWY. The units are 100% occupied and is perfect for a value-add investor looking to acquire an investment property and increase its income potential.1853 W Adams Blvd offers a superb unit mix of (1) 1B+2B and (3) 2B +2B. The total size of the building is 4,752 square feet and the total lot size is 6,650 square feet. Commercial zoning for this property (LAC1) allows for many commercial uses such as banks, clubs, hotels, child care, parking areas, retail stores, offices or businesses, and clinics. This property has a gated entrance with 6 individual parking spaces and individual meters for both gas and electricity.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Electric Dryer Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.83 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 61224.00 Gross Multiplier 17.97 Gross Scheduled Income 61224.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Net Operating Income 42113.00 New Construction YN No New Taxes Expense 13710.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 19111.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 19111.00 Trash Expense 0.00 Water Sewer Expense 3600.00 Water Source Public

    Listing provided courtesy of Donald La of Gig Real Estate Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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