CLOSED ESCROW

MULTIFAMILY & RETAIL

1895 WEST ADAMS BOULEVARD

LOS ANGELES, CA 90018

PRICE:

PRICE/SF:

BUILDING SF:

CAP RATE CURRENT/ PRO FORMA:

YEAR BUILT:

$2,025,000

$96.99

6.5%

6.5%/9.98%

1935

DEAL HIGHLIGHTS​:

  • Multiple Offers

  • Sold $25,000 Above List Price

  • 45 Day Close

  • Great USC Adjacent Location

 

ASSET HIGHLIGHTS

  • Easy Access to the 10 Freeway and Less Than Two Miles from the University of Southern California

  • Dense Demographics with Over 1.2 Million People Within Five Miles

  • Tremendous Upside Through Leasing Vacant Units and Increasing Rents

  • Priced Below $100 Per Square Foot

THE ASSET

1895 West Adams Boulevard is a 20,621-square foot, mixed use retail/apartment building situated on 17,252 square feet of land.  The property is ideally located at the northwest signalized corner of Adams Boulevard and La Salle Avenue, just two blocks east of Western Avenue in the city of Los Angeles.

 

Located just off the 10 Freeway and less than two miles from the University of Southern California, the location boasts excellent surrounding demographics with a population upward of 591,000 within a three-mile radius and over 1,279,000 people within a five-mile radius.

 

The property is comprised of 16 second floor apartment units and 10 street level retail units.  Currently, all but one apartment unit are occupied. Out of 10 total retail units, four are vacant and six are occupied with the majority of tenants on month-to-month leases.

 

This property truly offers a savvy investor the rare opportunity to add a tremendous amount of value.  There is huge upside through leasing out the remaining retail units and increasing apartment rents as well. 

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

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