Prime West Adams Investment
For Sale
Contact for pricing
4755 W Adams Blvd, Los Angeles, CA 90016
Renovated mixed-use property with retail and apartments near Culver City.
Property Size5,256 SF
Lot Size0.10 Acres
Price / SF$361.49
Days on Market979
Property Features for 4755 W Adams Blvd
General Information
Standard status
Active
Size
5,256 SF
Class
B
Lot size
0.10 Acres
Property subtype
Mixed Use
Occupancy
100%
Building Details
Year Built
1925
Year Renovated
2015
Buildings
1
Stories
2
Units
7
Listing Agency:
Nick Hadim group of companies
Listed By:
Nick Hadim · License #CA 01824448
(310) 804-7993
Source:
Crexi
Added: Jan 6, 2024
Changed: Sep 2
Last Checked: Sep 10 at 6:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nick Hadim group of companies
Investment Insights
Based on property information with market context.
Located in Prime West Adams, this investment property features approximately 5,256 square feet of improvements on a 4,559 square foot lot. The renovated structure, built in 1925, includes seven units divided between retail and apartments. Each unit is independently metered. Gated parking provides security. The property is zoned LAC2, offering versatile possibilities. Its location provides convenient access to Culver City, Downtown LA, and the 10 FWY. This property offers a blend of historical charm and modern potential.
Key Highlights
- Prime West Adams location, minutes from Culver City and Downtown LA with easy access to the 10 FWY.
- Seven units (retail and apartments) providing diverse income streams.
- Meticulously renovated 1925 structure with historical charm.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,434
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,128,680
$2.1M
Cap Rate 7%
$1,520,486
$1.5M
Cap Rate 9%
$1,182,600
$1.2M
Market Conditions
NOI Build-Up for 5,256 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$189.2K $36.00/SF
− Vacancy
−$18.9K −$3.60/SF
EGI
$170.3K $32.40/SF
− OpEx
−$63.9K −$12.15/SF
NOI
$106.4K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,128,680
Cap Rate 7%
$1,520,486
Cap Rate 9%
$1,182,600
Alternative Uses
Best Use
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,434 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$106.48M
$93.17M – $124.23M
NOI $7,453,838 @ 7.0% cap · market cap 392.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use property with retail and apartments near Culver City.
Where is this mixed-use property located?
The property is located at 4755 W Adams Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Prime West Adams location, minutes from Culver City and Downtown LA with easy access to the 10 FWY.; Seven units (retail and apartments) providing diverse income streams.; Meticulously renovated 1925 structure with historical charm.
