4905 W Adams Boulevard, Los Angeles, CA 90016 For Sale

Turn-Key Renovated Asset with Significant Capital Improvements: This 36-unit apartment building underwent a comprehensive renovation in 2018, with over $500,000 in completed upgrades. The renovation included new plumbing, electrical systems, drywall, paint, flooring, and cabinetry, offering a modernized, turn-key investment for savvy investors.

Proven "Micro Unit" Model Maximizing High PSF Rental Yield: Comprised primarily of studio units (91% of the unit mix), the property utilizes a high-efficiency micro-unit model that is easier to rent in the Los Angeles market. This design yields an impressive actual rent of $5.40 per square foot—with some units reaching as high as $6.67 PSF—justifying the asset’s valuation through proven rental performance.

Substantial Built-in Value Add via ADU Potential: The property offers an unparalleled opportunity to capitalize on the city's Accessory Dwelling Unit (ADU) ordinance. Investors can potentially add 9+ units in the existing parking areas, significantly increasing the total unit count and exponentially growing the property’s longterm asset value.

Exceptional Current Yield and Financial Stability: Offered at $4,950,000, the asset delivers a strong current CAP rate of 8.03% and a 9.99% Cash-on-Cash return. Maintaining a robust 95% occupancy rate, the property acts as a "cash flow machine," providing immediate and reliable Net Operating Income of $397,612.

Prime Strategic Location in Revitalizing West Adams District: Situated at 4905 W Adams Blvd, the property is in a high-demand area currently experiencing significant revitalization alongside nearby Culver City and Mid-City. Favorable renter demographics, including an average household income of $126,764 within a 3-mile radius, ensure a solid tenant base and continued desirability.