4905 W Adams Boulevard, Los Angeles, CA 90016
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
4905 W Adams Boulevard,Los Angeles, CA 90016
$4,950,000
- - Beds
- - Baths
- 8,299 sq. ft.
- Multi-family
- Active
Listed by: logan altman
Office: altman apartments llc.
MLS#:SR26043366
Source:CRMLS
Price summary
- Price:$4,950,000
- Price per sq. ft.:$596.46
About this home
Discover a prime investment opportunity at West Adams Studios! Located at 4905 W Adams Blvd, Los Angeles, CA 90016, this 36-unit property in the thriving West Adams market presents an attractive option for savvy investors. Renovated in 2018 with over $500,000 in upgrades, including new plumbing, electrical systems, and modern finishes, this turn-key asset promises a hassle-free ownership experience. Boasting a high-efficiency micro-unit model, with studios comprising 91% of the unit mix, West Adams Studios offers a lucrative rental yield per square foot. With a current cap rate of 8.03%, this property demonstrates strong stabilized income generation potential. Don't miss out on this opportunity to invest in a well-maintained property in a desirable location with excellent income prospects. Take the next step towards maximizing your real estate portfolio with West Adams Studios!
Turn-Key Renovated Asset with Significant Capital Improvements: This 36-unit apartment building underwent a comprehensive renovation in 2018, with over $500,000 in completed upgrades. The renovation included new plumbing, electrical systems, drywall, paint, flooring, and cabinetry, offering a modernized, turn-key investment for savvy investors.
Proven "Micro Unit" Model Maximizing High PSF Rental Yield: Comprised primarily of studio units (91% of the unit mix), the property utilizes a high-efficiency micro-unit model that is easier to rent in the Los Angeles market. This design yields an impressive actual rent of $5.40 per square foot—with some units reaching as high as $6.67 PSF—justifying the asset’s valuation through proven rental performance.
Substantial Built-in Value Add via ADU Potential: The property offers an unparalleled opportunity to capitalize on the city's Accessory Dwelling Unit (ADU) ordinance. Investors can potentially add 9+ units in the existing parking areas, significantly increasing the total unit count and exponentially growing the property’s longterm asset value.
Exceptional Current Yield and Financial Stability: Offered at $4,950,000, the asset delivers a strong current CAP rate of 8.03% and a 9.99% Cash-on-Cash return. Maintaining a robust 95% occupancy rate, the property acts as a "cash flow machine," providing immediate and reliable Net Operating Income of $397,612.
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Home facts
- Year built:1964
- Listing ID #:SR26043366
- Added:11 day(s) ago
- Updated:March 06, 2026 at 11:29 AM
Rooms and interior
- Flooring:Tile
- Kitchen Description:Electric Cooktop, Exhaust Fan, Microwave, Refrigerator
- Living area:8,299 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Electric
Structure and exterior
- Year built:1964
- Building area:8,299 sq. ft.
- Lot area:0.31 Acres
- Lot Features:Corner Lot, Level with Street, Near Public Transit, Rectangular Lot, Street Level
- Construction Materials:Drywall, Frame, Stucco
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$4,950,000
- Price per sq. ft.:$596.46
Features and amenities
- Appliances:Electric Cook Top
- Amenities:Balcony, Carbon Monoxide (CO2) Detector, Ceiling Fans, Granite Counters, Multiple Staircases, Water Heater
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