$3,295,000 1475 W Adams Los Angeles, CA

MLS: 16146378   Type: Income   County: Los Angeles   City: Los Angeles   Area: Mid Los Angeles   Zip: 90007     Stories: 4

Mortgage $15,469 /mo



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Great opportunity for the investor looking for a long-term hold in a fantastic up and coming area. The West Adams district is bulging from gentrification coming on all four corners. Right at the cusp of the price appreciation wave!24 units. Six large 735 SqFt. one-bedroom/one-bathroom units and eighteen enormous 600 SqFt. Single/One-bathroom units. All units are filled with happy tenants!The charming architecture reflects the patience and workmanship of the 1920's. It is in solid condition and has room for rent increases as the tenants rotate.The subject property allows an investor to acquire a one of a kind building with lots of character ona main thoroughfare with great visibility in an in-fill location near DTLA, Koreatown, and inwalking distance to USC.

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Price History

7/22/2016 Listed $3,295,000

Listagentstatelicense 01844635
Listing Agent Ronald Escobar - BRE#01844635
Listing Agent First Name Ronald
Listing Agent Last Name Escobar
Mlsareamajor C16 - Mid Los Angeles
Zoning LAC2

Interior Features

Cooling None
Coolingyn 0
Laundry See Remarks
Laundryyn 1
Total Stories 4
Units 24

Exterior Features

Building Area Total 15200
Buildings 1
Lot Area 6811.00
Lot Size Acres 0.15
Lotsizesquarefeet 6811.00
Lotsizeunits Square Feet
Parking Features Street
Parking Total 0.00
Parkingyn 1

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Property vs Zip Code Avg (90007)

Price 3.29M Avg 1.46M

Sqr Feet 15,200 Avg 4,712

Cost / Sqr Ft $217 Avg $311

Acres 0.15 Avg 0.17

Visits 10 Avg 12

Days on Site 136 Avg 83

Walkscore® 86 Avg 85

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Listing Provided Courtesy Of: Ronald Escobar with Century 21 Select.

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Location & Address

eXp Realty California

Escondido, CA