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Shawn Luong
Mobile Phone:
626-643-7090
reoagent@shawnluong.com

DRE# 00857818
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Shawn Luong
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Mobile Phone:
626-643-7090
reoagent@
shawnluong.com

DRE# 00857818
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1853 W Adams,  Los Angeles CA, 90018 (Residential Income)

475,200 sqft
Status: Sold
MLS#: 19447714
1of
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Last Updated: 8/23/2019 2:13 AM
Description for 1853 W Adams Los Angeles, CA 90018
Priced to sell! Excellent Four Plex income property for investors who are looking for a nice cash flow with more upside rent potential! This 4-unit residential income property is in a prime location only minutes away from USC, Downtown, and Korea Town. Easy access to the 10 & 110 FWY. Currently, TWO units have been completely remodeled and ready for new tenants at $2300 per unit, $4600 total. The projected income from all four units (2 existing and 2 new lease) would be around $82,800 of annual gross rent, which already at 5.3+% Cap! and it still has huge upside rent potential from the other two units that are paying under market rent. Amazing and rare find opportunity for savvy investors who are seeking for a great potential yet safe investment in income and property value. Commercial zoning for this property (LAC1) allows for many commercial uses. The total building size is 4,752 sq.ft, very spacious units each about 1200 sq.ft. on a 6,650 sq.ft. lot and 6 parking spaces.
Price
Sold Price:
$1,225,000
Sold Date:05/24/2019
Los Angeles
475,200 (approx)
19447714
Closed
Description
Priced to sell! Excellent Four Plex income property for investors who are looking for a nice cash flow with more upside rent potential! This 4-unit residential income property is in a prime location only minutes away from USC, Downtown, and Korea Town. Easy access to the 10 & 110 FWY. Currently, TWO units have been completely remodeled and ready for new tenants at $2300 per unit, $4600 total. The projected income from all four units (2 existing and 2 new lease) would be around $82,800 of annual gross rent, which already at 5.3+% Cap! and it still has huge upside rent potential from the other two units that are paying under market rent. Amazing and rare find opportunity for savvy investors who are seeking for a great potential yet safe investment in income and property value. Commercial zoning for this property (LAC1) allows for many commercial uses. The total building size is 4,752 sq.ft, very spacious units each about 1200 sq.ft. on a 6,650 sq.ft. lot and 6 parking spaces.
Listing Information
Property Type: Cluster, 2 Story
0.15 Acres 6,650 sq.ft. 475,200 (approx)
$257.79 1913
2
4 Total
Neighborhood
Room Information
Dryer Connection
Exterior / Lot Features
None
No Pool
City
LAC1
Automatic Gate
Driving Directions
East of Western Ave, Adams Blvd
Financial Considerations
5058020013
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90018 has a population of 3,913,393.

The median household income in Los Angeles, California 90018 is $33,310. The median household income for the surrounding county is $52,750 compared to the national median of $49,877. The median age of people living in Los Angeles 90018 is 37 years.

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Courtesy: Jung Lee - Keller Williams Larchmont
Licensed in: DRE# 02015973
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