$1,180,000
PENDING $195K PRICE DROP

Estimated payment $6,491/month

Total Views 5,231
9 Beds
8 Baths
6,215 Sq Ft
$190 Price per Sq Ft

Highlights

  • Property is near park and public transit
  • Paved or Partially Paved Lot
  • Front Yard
  • Landscaped

About This Home

This 8-unit investment property is ideally situated in the highly desirable West Adams neighborhood of Los Angeles. Known for its central location and vibrant character, West Adams offers residents convenient access to some of the city’s most iconic destinations. Located less than 10 miles from Downtown Los Angeles, the property provides an easy commute to major employment and entertainment hubs, including the Los Angeles Convention Center, Crypto.com Arena, and the renowned Los Angeles County Museum of Art. The area is also conveniently located near major educational institutions such as the University of Southern California and Los Angeles Trade-Technical College, further enhancing rental demand. Within the neighborhood itself, residents enjoy a growing mix of local restaurants, cafes, small businesses, and neighborhood parks, creating a dynamic yet community-oriented atmosphere. With its prime location, strong rental fundamentals, and proximity to key Los Angeles landmarks, this West Adams income property presents an exceptional investment opportunity.

Listing Agent

Darrell Burns

Savient Financial, Inc. Brokerage Phone: 949-632-3991 License #01305235 Listed on: 03/02/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Front Yard
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 6,215 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Property is near park and public transit
  • Overhead Utilities

Listing and Financial Details

  • Legal Lot and Block 3 / G
  • Tax Tract Number 4981
  • Assessor Parcel Number 5051024003
  • $1,304 per year additional tax assessments

Community Details

Overview

  • 8 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Insurance Expense $5,000
  • Maintenance Expense $10,119
  • Other Expense $8,219
  • Professional Management Expense $4,497
  • Operating Expense $25,050
  • Gross Income $87,809
  • Net Operating Income $62,759

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

7,502 Sq Ft Lot

Listing Details

  • Professional Management Expense: 4497.00
  • Property Attached: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5051024003
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 189.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Street Lights, Storm Drains, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Landscaped, Utilities - Overhead, Level, Near Public Transit, Park Nearby, Front Yard, 6-10 Units/Acre
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Multi Family

  • Gross Income: 87809.00
  • Gross Scheduled Income: 87809.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 7502.0000 Square Feet
  • Maintenance Expense: 10119.00
  • Net Operating Income: 62759.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 25050.00
  • Other Expense: 8219.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Expenses: 25050.00

Tax Info

  • Tax Block: G
  • Tax Lot: 3
  • Tax Tract Number: 4981
  • TaxOtherAnnualAssessmentAmount: 1304.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,814 $136,745 $34,049 $102,696
2024 $2,814 $134,065 $33,382 $100,683
2023 $2,785 $131,437 $32,728 $98,709
2022 $2,705 $128,861 $32,087 $96,774
2021 $2,638 $126,335 $31,458 $94,877
2019 $2,587 $122,590 $30,526 $92,064
2018 $2,450 $120,187 $29,928 $90,259
2016 $2,251 $115,522 $28,767 $86,755
2015 $2,231 $113,787 $28,335 $85,452
2014 $2,295 $111,559 $27,780 $83,779
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2026 03/25/26 Price Changed $1,180,000 -8.9% $190 / Sq Ft
03/21/2026 03/21/26 Pending -- -- --
03/14/2026 03/14/26 Price Changed $1,295,000 -5.8% $208 / Sq Ft
03/02/2026 03/02/26 For Sale $1,375,000 -- $221 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

About the Listing Agent

Darrell Burns

Savient Financial, Inc.

(833) 632-6773

Section Image

Formerly StoneHill Capital, Inc., Mr. Burns established Savient Financial, Inc., to focus more on real estate and project financing opportunities. In 1989, his focus was on "Asset Management," now called, Loss Mitigation. In 1992 Mr. Burns learned the art of Land Swapping, which is a technique that allows a Broker/Negotiator to contact a U.S. Naval Base, and negotiate the swapping of military owned land with an investor, or client's land of equal or more value.

By 1996 Mr. Burns began

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26045387

California Regional Multiple Listing Service (CRMLS)
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