Listing banner image
  • Property Type
    MultifamilyProperty Type
  • Year Renovated
    2024Year Renovated
  • Total Units
    7Total Units
  • Asking Price
    $1,850,000Asking Price
  • In-Place Rents
    $2,153In-Place Rents
  • NOI
    $117,065NOI

Description

5614 West Adams Boulevard presents an exceptional opportunity to acquire a fully renovated, seven-unit low-rise multifamily asset in the heart of Los Angeles’ burgeoning West Adams submarket. Built in 1961 and recently modernized in 2024, the property sits on a 0.14-acre lot and offers 5,028 square feet of well-appointed living space. Comprised of seven units with an average size of 715 square feet and covered plus surface parking at a ratio of 1.39 spaces per 1,000 square feet, this asset combines classic Mid-Century character with contemporary finishes to appeal to quality tenants...

Documents

Offering Summary

  • Asking Price
    $1,850,000
  • Price PSF
    $368
  • Price/Unit
    $264,286

Sale Details

  • Cap Rate
    6.33%
  • NOI
    $117,065
  • Return-on-Cost
    7.40%
  • Stabilized Cap Rate
    7.78%
  • Stabilized NOI
    $143,959
  • In-Place Cap Rate
    6.33%
  • In-Place NOI
    $117,065
  • GRM
    10.23
  • Potential GRM
    8.81
  • Cash-on-Cash
    7.40%
  • In-Place Rents
    2,153
  • Market Rents
    2,500
  • Rents Below Market
    20%

Documents

Property Address

5614 West Adams Boulevard
Los Angeles, CA 90016

Deal Team

Filip Niculete profile image
Filip Niculete

Description

5614 West Adams Boulevard presents an exceptional opportunity to acquire a fully renovated, seven-unit low-rise multifamily asset in the heart of Los Angeles’ burgeoning West Adams submarket. Built in 1961 and recently modernized in 2024, the property sits on a 0.14-acre lot and offers 5,028 square feet of well-appointed living space. Comprised of seven units with an average size of 715 square feet and covered plus surface parking at a ratio of 1.39 spaces per 1,000 square feet, this asset combines classic Mid-Century character with contemporary finishes to appeal to quality tenants...

Documents

Offering Summary

  • Asking Price
    $1,850,000
  • Price PSF
    $368
  • Price/Unit
    $264,286

Sale Details

  • Cap Rate
    6.33%
  • NOI
    $117,065
  • Return-on-Cost
    7.40%
  • Stabilized Cap Rate
    7.78%
  • Stabilized NOI
    $143,959
  • In-Place Cap Rate
    6.33%
  • In-Place NOI
    $117,065
  • GRM
    10.23
  • Potential GRM
    8.81
  • Cash-on-Cash
    7.40%
  • In-Place Rents
    2,153
  • Market Rents
    2,500
  • Rents Below Market
    20%

Documents

Property Address

5614 West Adams Boulevard
Los Angeles, CA 90016

Deal Team

Filip Niculete profile image
Filip Niculete
loader
This website uses cookies to ensure you get the best experience on our website. Learn more