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Listed by Martin Ensbury • Lyon Stahl Investment Real Estate, Inc.
$ 5,150,000
Est. payment /mo
New
4015 W Adams BLD Los Angeles, CA 90018
0.49 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25145990
Year Built 1961
Lot Size 0.486 Acres
Source California Regional MLS
Property Description
We are pleased to present to you our newest listing located at 4015 W. Adams, Los Angeles, CA 90018, which is in the heart of the coveted West Adams submarket. This classic 26-unit courtyard apartment building, which was built in 1961, features huge units with lots of natural lighting, and a well landscaped courtyard with a fenced pool and secured parking. There are 25 parking spaces, the soft story retrofit is completed ($280,000). The property also has a large laundry room. The seller purchased the building in 2019. Since the purchase, the seller has spent over $566,000 on interior and exterior renovations of the property. The Schedule of the Rehab Work is included in this Offering Memorandum. 10 units (38% of the units) have been fully renovated. Many of those rehabs included full plumbing replacement. Two years ago, the seller replaced the main roof and facia boards, painted the building, replaced the entry door and windows to the lobby, renovated the lobby, replaced the main awning over the front staircase, did an asphalt overlay of the front and rear parking lots, renovated the front fence and replaced the street entrance door, installed two new gate motors, which are enclosed in metal cages, relandscaped the front of the building, and replaced both water heaters. The
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Laundry Area
Exterior
Pool Community Facility
Building
Water District - Public
Others
Tax ID 5059011002
Special Listing Condition Not Applicable

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