$1,099,000 Price Analysis   ♡   Los Angeles, CA 90011 10 bed 6 bath 5,608 SqFt ($195/SqFt) 7,858SqFt lot. Built 1902 Listed 2023-10-10, Taxes $12,500 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present the opportunity to acquire 434 E Adams Blvd
* No Longer For Sale *
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A 5-unit multifamily property located in the Historic South-Central neighborhood of South Los Angeles. Built in 1902, the building sits on a 7, 858 sqft lot with 5, 6 08 sqft of rentable space and consists of (1) 4Bed/2Bath single-family residence, accompanied by (2) 1Bed/1Bath and (2) 2Bed/1Bath units. 434 E. Adams boasts an average rent of $1, 697/unt and roughly 33% in rental upside to be captured in the future. The property is separately metered for gas and electricity and does not offer tenants any on-site parking.
Buyers are encouraged to verify accuracy of building records and data. Located east of Maple Ave and north of Jefferson, the subject property is located on a major Los Angeles thoroughfare. Tenants can find multiple public transportation stops at the corner of Maple and Adams and other nearby destination include Los Angeles Trade Technical College, University Park, University of Southern California, Exposition Park, Natural History Museum and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.
Presented by Sevak Keshishian at
Marcus & Millichap.
Property MLS #23-319695 from TheMLSCLAW
Full Bathrooms: 6
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 7858
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 3600, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 4600, 3 BedsTotal: 4, 3 BathsTotal: 2, 3 SquareFeet: 3100
County: Los Angeles
Cap Rate: 6.14
Directions: Head north on Maple Avenue and turn right onto E Adams Blvd. The subject property is located in-between Maple Ave and Trinity Street.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5128-010-008
Postal Code Plus 4: 1538
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $394,191 + $578,147 $972,338 | $12,500 |
| 2021 | $386,462 + $566,811 $953,273 | $12,327 |
| 2020 | $382,500 + $561,000 $943,500 | $12,452 |
| 2019 | $233,639 + $155,384 $389,023 | $5,697 |
| 2018 | $229,058 + $152,338 $381,396 | $5,576 |
| 2017 | $224,567 + $149,351 $373,918 | $5,425 |
| 2016 | $220,164 + $146,423 $366,587 | $5,249 |
| 2015 | $216,857 + $144,224 $361,081 | $5,185 |
| 2014 | $212,610 + $141,399 $354,009 | $5,233 |
| 2013 | $211,650 + $140,760 $352,410 | $5,223 |
| 2012 | $172,960 + $109,537 $282,497 | $4,490 |
| 2010 | $169,569 + $107,390 $276,959 | $4,340 |
| 2009 | $168,702 + $106,842 $275,544 | $4,196 |
| 2009 | $168,302 + $106,588 $274,890 | $4,196 |
| 2008 | $165,395 + $104,748 $270,143 | $4,049 |
| 2007 | $162,152 + $102,695 $264,847 | $3,906 |
$1,000,000
TheMLSCLAW
Price Changed 2023-11-16
$1,099,000
TheMLSCLAW
Price Changed 2023-11-15
$1,150,000
TheMLSCLAW
Price Changed 2023-11-07
$1,099,000
TheMLSCLAW
Listed 2023-10-10
$1,150,000
TheMLSCLAW
Listing removed 2022-12-07
$0
CRMLS
Listed 2022-07-07
$1,449,000
CRMLS
Sold 2019-05-17
$925,000
CRMLS
Listed 2019-02-05
$975,000
CRMLS
Listing removed 2018-09-17
$1,080,000
CRMLS
Listed 2018-06-21
$1,080,000
CRMLS
Sold 2012-01-04
$345,500
ITECH
Listing removed 2011-12-31
$450,000
CRMLS
Listed 2011-11-05
$450,000
CRMLS
Listed 2011-11-03
$450,000
ITECH
Listing removed 2011-11-01
$565,000
CRMLS
Listing removed 2011-10-31
$565,000
ITECH
Price Changed 2011-06-01
$565,000
CRMLS
Listed 2011-04-29
$575,000
CRMLS
Listed 2011-04-28
$565,000
ITECH
Listing removed 2005-12-01
$699,000
ITECH
Listing removed 2005-09-20
$699,000
ITECH
Listed 2005-06-27
$699,000
ITECH
Listed 2005-06-01
$699,000
ITECH
Sold 2002-10-31
$245,000
Public Record
Sold 1989-02-10
$215,000
Public Record
Sold 1986-08-11
$150,000
Public Record
Year Built: 1902
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 122
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.