74
See all 74 photos
$3,950,000
Est. payment /mo
12 Beds
8 Baths
7,503 Sqft Lot
New
4220 W Adams Los Angeles, CA 90018
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26177684
Bedrooms 12
Lot Size 7,503 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
4220 W. Adams Blvd is an exceptional opportunity to acquire a fully stabilized 11-unit apartment community in the heart of rapidly transforming Mid-City. Comprised of one beautifully renovated Spanish-style building and a newly constructed five-unit apartment building, this turnkey asset offers investors immediate cash flow with approximately $399,000 in gross annual income and an attractive 6.55% cap rate. The property features an ideal mix of five spacious three-bedroom units and six one-bedroom units, all thoughtfully designed with modern finishes including sleek kitchens, designer bathrooms, in-unit washer/dryers, central HVAC or mini-splits, and many units with private balconies. All utilities are separately metered, helping keep operating expenses low while creating a truly low-maintenance investment. Ideally located just minutes from Culver City, West Adams, and the Metro Expo Line, the property benefits from strong rental demand driven by nearby tech and media employers including Amazon, Sony, Apple, and HBO. Residents enjoy convenient access to some of Los Angeles' most popular restaurants, cafs, and entertainment destinations, while the surrounding neighborhood continues to experience significant redevelopment and investment. This highly desirable location continues to attract young professionals seeking modern housing with convenient access to the Westside, Downtown Los Angeles, and the city's major employment hubs. With its prime location, turnkey condition, strong inplace financials, and excellent long-term growth potential, 4220 W. Adams Blvd presents an outst
Location
State CA
County Los Angeles
Zoning Builder
Direction From the I-10 Freeway, exit La Brea Avenue and head south. Turn left on W Adams Boulevard and continue east to 4220 W Adams Boul
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5051005010
Virtual Tour https://www.myunits.com/buy/4220adams
Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.
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