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$5,299,999
Est. payment /mo
37 Baths
8,299 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,299 sqft
Price per Sqft $638
MLS Listing ID 25566745
HOA Y/N No
Year Built 1964
Lot Size 0.313 Acres
Property Description
We are pleased to present 4905 West Adams Boulevard, a thirty-seven-unit multifamily investment opportunity located in the heart of the rapidly evolving West Adams neighborhood of Los Angeles. This stabilized asset offers an investor immediate cash flow in a high rental demand submarket, with an attractive unit mix of micro-units that cater to tenants seeking affordable and efficient housing. With strong in-place income, a historically low vacancy rate, and excellent long-term fundamentals, the property presents a compelling opportunity for both yield-focused and growth-oriented investors. Originally constructed in 1964, the property consists of thirty-five bachelor units, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit. The property is master-metered for all utilities and features a central water heating system. Residents benefit from secure, gated access and twenty-three covered parking spaces. In addition to its core income-generating features, 4905 West Adams offers significant development potential. Current ownership has completed preliminary schematic plans to add twenty ADUs under the existing ADU ordinances comprising six studios, twelve one-bedroom units, and two two-bedroom units providing a clear path to dramatically increase the unit count and income. The property is also in compliance with Los Angeles' seismic retrofit requirements; the soft-story permit has been issued, and the retrofit must be completed by April 30, 2028. Furthermore, a permit has been approved to install built-in cooktops in all units, offering an immediate opportunity to enhance desirability and rental value. Situated just two blocks from the nearest on- and off-ramps to the I-10 Freeway, the property provides excellent regional access to Downtown Los Angeles, Culver City, USC, and the Westside. West Adams has become one of LA's most dynamic and gentrifying submarkets, with new multifamily and retail developments continuing to reshape the urban landscape. With high rental demand and a shortage of affordable housing options, 4905 West Adams is ideally positioned to deliver both near-term and long-term returns. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO).
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Appliance Disposal
Exterior
Parking Features Covered, Gated
Total Parking Spaces 23
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5049001045
Special Listing Condition Standard
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Listed by Sevak Keshishian Marcus & Millichap
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