Los Angeles, CA 90011 630 E Adams Boulevard

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Presented By: Drew Dunn with Four Brothers Real Estate, Inc.; 949-413-7911
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC24234576
  • 11/18/2024
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 22
  • Full/Half Baths • 18 / 2
  • SQFT • 10,760
  • Garage • 8

Home Details

Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investment’s appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landlords avoid utility expenses, boosting profitability. The property’s prime location enhances its value and tenant appeal. Located less than 1.3 miles from USC’s West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks and vibrant attractions. Boasting an 85 Walk Score, tenants enjoy easy access to freeways, public transportation, and nearby shopping, dining, and entertainment. The neighborhood’s thriving rental market ensures long-term appreciation and consistent occupancy. Investors also gain peace of mind with a 1-year builder warranty, while the green-certified construction offers energy efficiency and reduced tenant utility costs. The property includes 12 parking spaces (8 covered garage spots and 4 uncovered), a rare and desirable feature in Los Angeles. Best of all, this property is exempt from rent control, allowing for maximum rental income and flexibility. Whether expanding your portfolio or seeking a high-performing investment, this property offers unmatched financial benefits, modern amenities, and strong market potential.
Presented By: Drew Dunn with Four Brothers Real Estate, Inc.; 949-413-7911

Interior Features for 630 E Adams Boulevard

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Total Stories3
Window FeaturesWoodFrames

Other Rooms

Entry Level1

General for 630 E Adams Boulevard

AccessibilityAccessibleDoors
Additional Parcels Y/NNo
AppliancesConvectionOven, Dishwasher, ElectricRange, Disposal, Refrigerator, RangeHood, TrashCompactor, VentedExhaustFan, WaterHeater
Architectural StyleModern
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs
Construction MaterialsDrywall, Stucco, VinylSiding
CoolingCentralAir
CountyLos Angeles
DirectionsAdams blvd and San Pedro St
ElectricVolts220InGarage, Volts220InLaundry, PhotovoltaicsSellerOwned, Standard
Electric Expense0.0
Entry LocationFront
Expected Active Date 2024-11-19
Fuel Expense0.0
Garage Spaces8.0
Garage Y/NYes
Gross Income286800.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense7523.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsSubmit
Lot Size Square Feet8479.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income215561.0
New ConstructionYes
Number Of Units Total6
Number of Units Leased6
Open Parking Spaces4.0
Operating Expense56899.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTownhouse
Property SubtypeTownhouse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbonMonoxideDetectors, FireSprinklerSystem
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot6
Tenant PaysAllUtilities
Trash Expense0.0
UtilitiesElectricityConnected, SewerConnected, WaterConnected
Water Sewer Expense0.0
Year Built2024
Year Built SourceBuilder
ZoningLARD1.5

Exterior for 630 E Adams Boulevard

Building Area Total10760.0
Crops Included Y/NNo
Exterior AmenitiesRainGutters
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1947
Lot Size Area8479.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters0
Number of Separate Water Meters6
Private PoolNo
SpaNo
Total Parking12.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,700,000
MLS#OC24234576
List Date 11/18/2024
Property Type Multi-Family
Phone 714.742.6515
Request Tour
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