Overview
- 7
- 6
- 2838
- 1924
Description
Huge ~200k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6% Cap Rate from day 1 with upside to an 11.3% Cap on Proforma! Almost RTI plans to add 6 detached ADUs to achieve an incredible 12.9% Current Cap Rate, 16% Proforma Cap, and only 149k/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!
Address
Open on Google Maps- Address Adams
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90011
Details
Updated on March 25, 2026 at 4:07 am- Property ID: HZ26657291
- Price: $1,125,000
- Property Size: 2838 Sq Ft
- Bedrooms: 7
- Bathrooms: 6
- Year Built: 1924
- Property Status: ResidentialIncome
- Listed by: Armin Soleimani
- DRE #: 01846872
- Contact Mail: arminsoleimani@gmail.com
- Brokered by: Global Platinum Properties, Inc.
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