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$1,025,000

FOR SALE
Active

1325 E Adams Boulevard

Los Angeles, CA

MLS# 26104106

2,838 Sq Ft7bd • 6ba
1 day on marketNalren refreshed

Listing Agent

Armin Soleimani

Listing Agent

Global Platinum Properties, Inc.

DRE #: 01846872

(424) 394-1030

Brokerage: Global Platinum Properties, Inc.

Julio Ruiz

Co-Listing Agent

Global Platinum Properties, Inc.

DRE #: 01911261

Brokerage: Global Platinum Properties, Inc.

Property Details

7

Bedrooms

6

Bathrooms

2,838 sqft

Square Feet

1924

Year Built

6,315 sqft

Lot Size

$361

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

Description

Huge ~275k Price Reduction! 6-unit value-add building with 12 parking spaces priced at only $170k/unit and cash flowing at a 6.75% Cap Rate from day 1 with upside to an 11% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 12.7% Current Cap Rate, 15.5% Proforma Cap, and only $141k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!

Facts & Features

Building

Year Built
1924
Living Area
2,838 sqft
Building Area Total
2,838
Levels
One
Stories Total
2

Utilities

Heating
Wall Furnace

Parking

Parking Features
Gated
Parking Total
12

Community / HOA

HOA
No

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CRMLS

MLS# 26104106

Listed:

Nalren refreshed:

Last updated

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Listed by: Global Platinum Properties, Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.