3807 W Adams BLVD Los Angeles, CA 90018

Presenting an excellent opportunity to purchase a beautifully maintained 12 unit apartment in the historic West Adams neighborhood. The landscaping and condition of the complex is an indication of it's true pride in ownership. The property consists of three 3 bed/1 bath, four 2 bed/1 bath, and five 1 bed/1bath units. One unit has plans approved to upgrade from a 1 bedroom to a 2 bedroom, and another unit from a 2 bedroom to a 3 bedroom. There are two structures with 6 units each totaling 9,778 sq ft on a 12,992 sq ft lot. There is onsite laundry available and each unit is individually metered for gas, electricity, and water with individual water shut off valves. 9 of the units have been upgraded with new plumbing and electricity, while the other 3 have been partially upgraded. There are 6 double car garages and 2 open space parking spots totaling 14 parking spaces. The property has great cash flow collecting over 19k per month with even more room for upside. At 275k per unit with a current cap rate of 4.9% and GRM of 14.2, this property offers great value with excellent market appreciation in a rapidly developing neighborhood.