Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

4,188 sqft

Lot size

8,575 sqft

Year built

1912

Stories

2

Heating

Wall Furnace

Cooling

None

Status

Active

Days on market

52

MLS #

244547260

About this property

BUNGALOWS on Adams! We are pleased to present a 6-unit bungalow community located at 634 E Adams consisting of 4 separate two-story bungalow structures and a rear two-story duplex for a total of 5 separate structures. The property currently operates at an 9.56 GRM and 6.54% CAP Rate on current rents with rental upside potential to a 5.25 GRM and 14.54% CAP Rate on pro-forma rents. The units consist of four (4) one bedroom one-bathroom standalone bungalows and (2) one bedroom one-bathroom units in the rear duplex totaling 4,188 rentable square feet located on an 8,575 square foot LARD1.5 lot. Nearby amenities include Trader Joe's, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center, and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.

Location

634 E Adams Boulevard

Los Angeles, Los Angeles, CA, 90011