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West Adams Studio Apartments 4905 W Adams Blvd 36 Unité Immeuble d’appartements 6 769 769 $ CAD (188 049 $ CAD/Unité) 8,03% Taux de capitalisation Los Angeles, CA 90016
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Résumé de l'annonce
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.
Prime Strategic Location in Revitalizing West Adams District: Situated at 4905 W Adams Blvd, the property is in a high-demand area currently experiencing significant revitalization alongside nearby Culver City and Mid-City. Favorable renter demographics, including an average household income of $126,764 within a 3-mile radius, ensure a solid tenant base and continued desirability.
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.
Prime Strategic Location in Revitalizing West Adams District: Situated at 4905 W Adams Blvd, the property is in a high-demand area currently experiencing significant revitalization alongside nearby Culver City and Mid-City. Favorable renter demographics, including an average household income of $126,764 within a 3-mile radius, ensure a solid tenant base and continued desirability.
Faits sur la propriété
| Prix | 6 769 769 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 188 049 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,31 AC |
| Taux de capitalisation | 8,03% | Taille du bâtiment | 8 299 pi² |
| Multiplicateur du loyer brut | 7.23 | Occupation moyenne | 95% |
| Nombre d’unités | 36 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1964/2017 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 2,77/1 000 pi² |
| Zonage | LAC2 - Commercial | ||
| Prix | 6 769 769 $ CAD |
| Prix par unité | 188 049 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 8,03% |
| Multiplicateur du loyer brut | 7.23 |
| Nombre d’unités | 36 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,31 AC |
| Taille du bâtiment | 8 299 pi² |
| Occupation moyenne | 95% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1964/2017 |
| Ratio de stationnement | 2,77/1 000 pi² |
| Zonage | LAC2 - Commercial |
Commodités
Commodités des unités
- Climatisation
- Cuisine
- Réfrigérateur
- Fourchette
- Bain/Douche
Commodités du site
- Accès contrôlé
- Cour
- Terrain clôturé
- Wi-Fi communautaire
- Entretien sur place
- Transport en commun
- Espace d'étude
- Internet par fibre optique
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 34 | 2 005 $ CAD | 184 - 276 |
| 1+1 | 1 | 2 455 $ CAD | 308 |
| 2+1 | 1 | 3 304 $ CAD | 852 |
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Walk Score®
Très pratique à pied (80)
Impôts fonciers
| Numéro de lot | 5049-001-045 | Évaluation des bâtiments | 933 676 $ CAD |
| Évaluation du terrain | 4 668 386 $ CAD | Évaluation totale | 5 602 061 $ CAD |
Impôts fonciers
Numéro de lot
5049-001-045
Évaluation du terrain
4 668 386 $ CAD
Évaluation des bâtiments
933 676 $ CAD
Évaluation totale
5 602 061 $ CAD
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West Adams Studio Apartments | 4905 W Adams Blvd
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