4557 Adams BlvdLos Angeles, CA 90016

Property Details for 4557 Adams Blvd

Year built

1938

Construction

TILT-UP CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

8,299 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

5050-007-036

APU

5050007036

Description

This exceptional multi-tenant retail property, located at 4557 W Adams Blvd in Los Angeles, CA 90016, presents a compelling investment opportunity. The 10,310 square foot building sits on a substantial 16,237 square foot lot and boasts a current asking price of $3,500,000, translating to $339.48 per square foot. The land value alone is $215.56 per square foot. Built in 1930/1938, the property features 15-18 foot ceilings, skylights, mezzanine space, and a recently upgraded roof. Two billboards are also present on the property. Currently zoned C2-1VL-CPIO, the property offers significant potential for future development, including the possibility of adding on-site secured parking. The building's central location in the highly sought-after Mid-city corridor provides easy access to major freeways (10, 110, and 405). The property's multi-tenant nature, with all current tenants on month-to-month leases, presents a value-add opportunity for investors to increase rental income. The West Adams neighborhood is experiencing significant growth and redevelopment, making this a prime location for both owner-users seeking SBA financing and investors seeking strong long-term returns. The property's flexible space, multiple entry points, and high ceilings offer versatility for a range of uses. All information should be verified by the buyer. The property consists of two contiguous parcels. The building is fully licensed for auto body/auto repair use. The property is situated on approximately 300 feet of West Adams Boulevard frontage.

• CAP approach

  CAP return

  Valuation

  6%

  $3,534,690

  6.5%

  $3,262,791

  7%

  $3,029,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,976,907

  Geo Method

  $3,976,907

• Alternative Use

  Use

  Valuation

  Residential

  $2,752,286

  Hospitality

  $2,521,079

  Educational

  $2,097,508

  Medical

  $2,169,645

  Retail

  $3,262,791

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0328

Longitude

-118.34

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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