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5614 W Adams Blvd

Los Angeles, CA 90016
  • $2,150,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: 22-117257
UPDATED: 34 min ago
$2,150,000
  • 14
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,028
    SQFT
  • $428
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

5614 W. Adams Blvd is a commercially zoned 7-unit apartment building situated in the heart of the burgeoning West Adams retail corridor. All apartments have 2beds and 1bath, five of which have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property recently had its soft story retrofit requirement completed and is in full compliance. There is also on-site laundry room with owned machines for added income. Superbly located between the heart of the West Adams commercial corridor and Downtown Culver City, 5614 W Adams Blvd provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. Most errands can be accomplished nearby or with a short car ride. Moreover, the property lies a mere 10-minute drive from trendy Downtown Culver City, Downtown Los Angeles, and the University of Southern California. Tenants with young children will enjoy the nearby proximity to a variety of different schools and the 10-minute walk to Marvin Avenue Elementary School. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside in rents and the neighborhood.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T07:42:19.183. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.brandiprattrealestate.com/homes/124652584
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5614 W Adams Blvd Los Angeles, CA 90016

  • Price: $2,150,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 34 min ago
  • ID#: 22-117257
14
Beds
0
Baths
0
½ Baths
0.14
Acres
5,028
SQFT
$428
$/SQFT
1961
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
5614 W. Adams Blvd is a commercially zoned 7-unit apartment building situated in the heart of the burgeoning West Adams retail corridor. All apartments have 2beds and 1bath, five of which have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property recently had its soft story retrofit requirement completed and is in full compliance. There is also on-site laundry room with owned machines for added income. Superbly located between the heart of the West Adams commercial corridor and Downtown Culver City, 5614 W Adams Blvd provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. Most errands can be accomplished nearby or with a short car ride. Moreover, the property lies a mere 10-minute drive from trendy Downtown Culver City, Downtown Los Angeles, and the University of Southern California. Tenants with young children will enjoy the nearby proximity to a variety of different schools and the 10-minute walk to Marvin Avenue Elementary School. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside in rents and the neighborhood.
Exterior Features

Covered Parking 3 Direction Faces North Lot Size Area 6162 Other Structures None Parking Garage UncoveredCovered ParkingAssignedSide By Side Total Parking 7 View Description City Lights View YN Yes

Interior Features

Baths Total 7.00 Cooling None Equipment Ceiling FanVented Exhaust FanRange/OvenRefrigerator Heating Wall Gas Laundry CommunityRoom Laundry Equipment Own

Property Features

Assessed Total Value 1165833 Gross Income 140736 Gross Operating Income 137194 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 91381.00 Number Of Buildings 1 Number Of Units 7 Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 45813 Type Of Units Apartments Year Built Source Assessor Zoning Lac2

Listing provided courtesy of Jordan Peikin DRE#02015987 of Clement Partners Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T07:42:19.183. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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