630 Adams Blvd Los Angeles, CA 90011

Property Details for 630 Adams Blvd

Year built

2024

Property size

10,760 SF

Property type

Commercial real estate

APN

5128011005

Description

This exceptional, newly constructed six-unit apartment building presents a compelling investment opportunity in the heart of Los Angeles. Located less than 1.3 miles from USC's West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, this property boasts a prime location with an 85 Walk Score, offering convenient access to freeways, public transportation, and numerous amenities. The building comprises three stories and features a mix of spacious two-, three-, and four-bedroom units, each meticulously designed with open floor plans, gourmet kitchens with stainless steel appliances and quartz countertops, in-unit laundry, central HVAC, and modern bathrooms. The property includes twelve parking spaces – eight covered and four uncovered – a rare and desirable feature in Los Angeles. Currently 100% occupied, this stabilized investment delivers a strong 5.83% cap rate in the first year, projected to increase to 6.12% in year two due to built-in rent escalations. Further enhancing its appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), potentially increasing the cap rate to 7.5%. The property is exempt from rent control, separately metered for reduced operational costs, and backed by a one-year builder warranty. With a total of 10,760 square feet on an 8,479 square foot lot, this Class A multifamily property offers 8,881 square feet of net rentable space, and is zoned LARD1.5. The asking price is $3,700,000, representing $343.87 per square foot and $616,666.67 per unit. This turnkey investment combines strong financial performance, low-maintenance living, and a prime location, making it a truly standout opportunity.