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Adams & Main Portfolio 2 Properties in Los Angeles, CA
Investment Highlights
- Three contiguous parcels for a total of 23,774 SF of land - high potential for redevelopment for a variety of end uses
- Fully occupied by all month-to-month tenants, entire property can be occupied by Buyer
- First time on the market in over 20 years
- Located in an Opportunity Zone - provides significant federal capital gains tax incentives
- Only 3 blocks away from one of USC's largest off-campus student housing development—the Lorenzo Apartments
Executive Summary
Three (3) contiguous parcels at the signalized intersection of major arteries Main St & Adams Blvd, only 3 blocks from the Lorenzo Apartments—one of USC's
largest off-campus student housing communities. Consists of a two-story industrial/flex building of 18,200 SF zoned M1, a single-story 4-unit residential
apartment zoned R4, and a parking lot zoned R4. All of the tenants are Month-To-Month — the in-place NOI is approximately $175,000 with the Buyer's new tax basis. Situated within a federally designated Opportunity Zone, the properties offer compelling potential for redevelopment, value-add repositioning, or owner-user occupancy. Attached is a feasibility study for the two R4 lots on their own, which show a potential for up to 91 units. The assets may be purchased individually or as a combined portfolio, providing flexibility based on a Buyer’s investment or development strategy.
largest off-campus student housing communities. Consists of a two-story industrial/flex building of 18,200 SF zoned M1, a single-story 4-unit residential
apartment zoned R4, and a parking lot zoned R4. All of the tenants are Month-To-Month — the in-place NOI is approximately $175,000 with the Buyer's new tax basis. Situated within a federally designated Opportunity Zone, the properties offer compelling potential for redevelopment, value-add repositioning, or owner-user occupancy. Attached is a feasibility study for the two R4 lots on their own, which show a potential for up to 91 units. The assets may be purchased individually or as a combined portfolio, providing flexibility based on a Buyer’s investment or development strategy.
Property Facts
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 18,200 SF |
| Status | Active | Total Land Area | 0.88 AC |
| Number of Properties | 2 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,200 SF |
| Total Land Area | 0.88 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2600 S Main St, Los Angeles, CA 90007 | Flex | 18,200 SF | 1905 | - |
| 114-120 E Adams Blvd, Los Angeles, CA 90011 | Land | 0.33 AC | - | - |
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