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1641 W Adams Blvd
Los Angeles, CA 90007

1641 W Adams Blvd · Multifamily Property For Sale · 9 Units

INVESTMENT HIGHLIGHTS

  • Significant value-add opportunity.
  • Transit oriented.
  • Benefiting from nearby student housing demand.
  • One mile away from exposition park+ USC Campus.
  • Section 8 tenants provide durable income through eviction moratorium.
  • Ten minutes to Staples Center in Downtown.

PROPERTY FACTS

No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.24 AC
Building Size 10,487 SF
Average Occupancy 78%
No. Stories 1
Year Built 1921

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Carpet

SITE AMENITIES

  • 24 Hour Access
  • Courtyard

ABOUT 1641 W ADAMS BLVD , LOS ANGELES, CA 90007

1641 W Adams provides an investor with a compelling opportunity to acquire a bungalow style 9-unit apartment building situated on a 10,487 SF lot and implement a comprehensive renovation plan which upgrades the unit interiors and common areas to attract the growing base of young professionals and benefits from nearby USC. The property offers tremendous upside with two units being delivered vacant and is within the USC Patrol Zone making it a viable property for student housing.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 9 $1,153 509

PROPERTY TAXES

ZONING

Zoning Code C2-1VL-O-HPOZ-CPIO (Neighborhood Commercial)
  • Listing ID: 19055803

  • Date on Market: 3/30/2020

  • Last Updated:

  • Address: 1641 W Adams Blvd, Los Angeles, CA 90007