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Map
$1,433,081*
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Multifamily -
Off Market
434 E Adams Boulevard
Los Angeles, CA 90011
Studio
0 Bath
$878,000 - $1,072,000
Reference Base Price*
46.98%
Since Jun 1, 2019
CA-Los Angeles
Primary Model
About This Property
Solid and easy to manage bread and butter rentals with long-term
tenants located in Downtown LA and less than 1.5 mi from USC.
The lot is zoned RD1.5 and the property is located in an
Opportunity Zone which allows disappearance of capital gains if
hold 10+ years and 15% discount on the capital gains used for
acquisition. The front building has 4 units, with 2 upstairs
and 2 downstairs units. The downstairs units are large one-bedroom
with living room and formal dining room and are a similar size with
the upstairs 2-bedroom units, thus can be applied for a conversion
to a 2-bedroom. The back building is a 3-bedroom house with 2 full
bathrooms, currently used as a 5-bedroom house. Four units have
been recently updated with laminate wood floor and one unit has its
original wood floor refinished. New paint in most units. Two units
have new kitchen cabinets less than one-year-old. This property has
tremendous upward potential for the right new owner.
Unit Size
-
Days on Market
-
Land Size
7,858.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1902
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 19, 2019 | No longer available | - | |
No longer available | |||
May 17, 2019 | Sold | $925,000 | |
Sold | |||
Apr 24, 2019 | Relisted | $975,000 | |
Relisted | |||
Apr 22, 2019 | No longer available | - | |
No longer available | |||
Feb 5, 2019 | Listed | $975,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
3
Beds
3
Baths
2,699 ft²
$408/ft²
$1,100,000
Apr 2, 2024
-
-
Active
Multifamily
6
Beds
3
Baths
2,234 ft²
$358/ft²
$799,000
Sep 12, 2023
-
-
In Contract
Quadruplex
8
Beds
4
Baths
2,226 ft²
$404/ft²
$899,000
Feb 26, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/05/2019
|
|
Studio
|
-
|
-
|
$975,000
Studio
-
|
-
-
|
-
|
-
|