434 E Adams Boulevard, Los Angeles, CA 90011

About this property

We are pleased to present the opportunity to acquire 434 E Adams Blvd, a 5-unit multifamily property located in the Historic South-Central neighborhood of South Los Angeles. Built in 1902, the building sits on a 7,858 sqft lot with 5,608 sqft of rentable space and consists of (1) 4Bed/2Bath single-family residence, accompanied by (2) 1Bed/1Bath and (2) 2Bed/1Bath units. 434 E. Adams boasts an average rent of $1,697/unit and roughly 33% in rental upside to be captured in the future. The property is separately metered for gas and electricity and does not offer tenants any on-site parking. Buyers are encouraged to verify accuracy of building records and data. Located east of Maple Ave and north of Jefferson, the subject property is located on a major Los Angeles thoroughfare. Tenants can find multiple public transportation stops at the corner of Maple and Adams and other nearby destination include Los Angeles Trade Technical College, University Park, University of Southern California, Exposition Park, Natural History Museum, and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$1,000,000

Sold May 2024 · listed $1,099,000, orig. $1,150,000, on market October 2023 · MLS #23319695 · Source: CRMLS

Listing Agent: Sevak Keshishian · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Benjamin Shamouelian · Exclusive Realty Inc

$925,000

Sold May 2019 · listed $975,000, on market February 2019 · MLS #CV19027452 · Source: CRMLS

Listing Agent: SHAWN LUONG · Listing Office: CENTURY 21 MASTERS · Contact: 909-595-6697 · Bought with: SHAWN LUONG · CENTURY 21 MASTERS

$345,500

Sold January 2012 · listed $450,000, on market November 2011 · MLS #W11145213 · Source: CRMLS

Listing Agent: PAUL MENDOZA · Listing Office: CALMEX REALTY · Contact: 323-722-1874 · Bought with: SHAWN LUONG · CENTURY 21 MASTERS

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