This Multifamily Property is no longer advertised on LoopNet.com.
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
Parcel Number | 5054-004-015 | Improvements Assessment | $424,483 |
Land Assessment | $1,167,328 | Total Assessment | $1,591,811 |
ZONING
Zoning Code | C2-1VL-O-HPOZ-CPIO (Neighborhood Commercial) |
Learn More About Investing in Apartment Buildings
Listing ID: 19055803
Date on Market: 3/30/2020
Last Updated:
Address: 1641 W Adams Blvd, Los Angeles, CA 90007
The Koreatown Multifamily Property at 1641 W Adams Blvd, Los Angeles, CA 90007 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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