Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units' two 4-bedroom, 4-bath units' and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investment’s appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landlords avoid utility expenses, boosting profitability. The property’s prime location enhances its value and tenant appeal. Located less than 1.3 miles from USC’s West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks and vibrant attractions. Boasting an 85 Walk Score, tenants enjoy easy access to freeways, public transportation, and nearby shopping, dining, and entertainment. The neighborhood’s thriving rental market ensures long-term appreciation and consistent occupancy. Investors also gain peace of mind with a 1-year builder warranty, while the green-certified construction offers energy efficiency and reduced tenant utility costs. The property includes 12 parking spaces (8 covered garage spots and 4 uncovered), a rare and desirable feature in Los Angeles. Best of all, this property is exempt from rent control, allowing for maximum rental income and flexibility. Whether expanding your portfolio or seeking a high-performing investment, this property offers unmatched financial benefits, modern amenities, and strong market potential.
Property Details
Price:
$3,700,000
MLS #:
OC24234576
Status:
Active
Baths:
0
Address:
630 E Adams Boulevard
Type:
Residential Income
Subtype:
Townhouse
Neighborhood:
699notdefined
City:
Los Angeles
Listed Date:
Nov 18, 2024
State:
CA
ZIP:
90011
Lot Size:
8,479 sqft / 0.19 acres (approx)
Year Built:
2024
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
Doors – Swing In
Appliances
Convection Oven, Dishwasher, Electric Range, Disposal, Range Hood, Refrigerator, Trash Compactor, Vented Exhaust Fan, Water Heater
Cooling
Central Air
Fireplace Features
None
Flooring
Vinyl
Heating
Central
Window Features
Wood Frames
Exterior
Community Features
Curbs
Electric
220 Volts in Garage, 220 Volts in Laundry, Photovoltaics Seller Owned, Standard
Exterior Features
Rain Gutters
Foundation Details
Slab
Garage Spaces
8.00
Lot Features
0-1 Unit/ Acre
Parking Spots
12.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Fire Sprinkler System
Sewer
Public Sewer
Spa Features
None
Stories Total
3
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Connected, Sewer Connected, Water Connected
Map
Community
- Address630 E Adams Boulevard Los Angeles CA
- Area699 – Not Defined
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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630 E Adams Boulevard
Los Angeles, CA
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