630 E Adams Blvd Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated payment $20,221/month
Highlights
- New Construction
- Modern Architecture
- Wood Frame Window
- Multi-Level Bedroom
- No HOA
- 4-minute walk to Trinity Park Legends Court
About This Home
Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investment’s appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landlords avoid utility expenses, boosting profitability. The property’s prime location enhances its value and tenant appeal. Located less than 1.3 miles from USC’s West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks and vibrant attractions. Boasting an 85 Walk Score, tenants enjoy easy access to freeways, public transportation, and nearby shopping, dining, and entertainment. The neighborhood’s thriving rental market ensures long-term appreciation and consistent occupancy. Investors also gain peace of mind with a 1-year builder warranty, while the green-certified construction offers energy efficiency and reduced tenant utility costs. The property includes 12 parking spaces (8 covered garage spots and 4 uncovered), a rare and desirable feature in Los Angeles. Best of all, this property is exempt from rent control, allowing for maximum rental income and flexibility. Whether expanding your portfolio or seeking a high-performing investment, this property offers unmatched financial benefits, modern amenities, and strong market potential.
Listing Agent
Four Brothers Real Estate, Inc. Brokerage Phone: 949-413-7911 License #01941825 Listed on: 11/19/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $8,189
Year Built
- Built in 2024 | New Construction
Lot Details
- 8,479 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Open Parking Spaces
- 8 Car Garage
Home Design
- Modern Architecture
- Entry on the 1st floor
- Slab Foundation
- Fire Rated Drywall
- Composition Roof
- Vinyl Siding
- Stucco
Interior Spaces
- 10,760 Sq Ft Home
- 3-Story Property
- Wood Frame Window
- Vinyl Flooring
Kitchen
- Convection Oven
- Electric Range
- Range Hood
- Dishwasher
- Trash Compactor
- Disposal
Bedrooms and Bathrooms
- 22 Bedrooms
- Multi-Level Bedroom
- 20 Bathrooms
Laundry
- Laundry Room
- 220 Volts In Laundry
- Gas And Electric Dryer Hookup
Home Security
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- 220 Volts in Garage
- Water Heater
Additional Features
- Doors swing in
- Solar owned by seller
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 6 / 1
- Assessor Parcel Number 5128011005
- $399 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 6 Units
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Water Meters
- Insurance Expense $7,523
- Operating Expense $56,899
- Gross Income $286,800
- Net Operating Income $215,561
Security
- Carbon Monoxide Detectors
- Fire Sprinkler System
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,189 | $662,317 | $529,771 | $132,546 |
| 2024 | $8,189 | $649,332 | $519,384 | $129,948 |
| 2023 | $1,891 | $124,414 | $79,631 | $44,783 |
| 2022 | $1,815 | $121,975 | $78,070 | $43,905 |
| 2021 | $1,790 | $119,585 | $76,540 | $43,045 |
| 2019 | $1,744 | $116,040 | $74,271 | $41,769 |
| 2018 | $1,655 | $113,765 | $72,815 | $40,950 |
| 2016 | $1,577 | $109,350 | $69,989 | $39,361 |
| 2015 | $1,558 | $107,708 | $68,938 | $38,770 |
| 2014 | $1,573 | $105,599 | $67,588 | $38,011 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | For Sale | $3,700,000 | 0.0% | $344 / Sq Ft |
| 03/05/2025 03/05/25 | Rented | $4,100 | +9.1% | -- |
| 03/05/2025 03/05/25 | For Rent | $3,759 | 0.0% | -- |
| 03/03/2025 03/03/25 | Off Market | $3,700,000 | -- | -- |
| 03/03/2025 03/03/25 | Off Market | $3,759 | -- | -- |
| 01/30/2025 01/30/25 | For Rent | $3,759 | 0.0% | -- |
| 01/28/2025 01/28/25 | Off Market | $3,759 | -- | -- |
| 11/19/2024 11/19/24 | For Sale | $3,700,000 | 0.0% | $344 / Sq Ft |
| 08/28/2024 08/28/24 | Price Changed | $3,759 | -8.3% | $2 / Sq Ft |
| 07/30/2024 07/30/24 | For Rent | $4,100 | 0.0% | -- |
| 05/23/2023 05/23/23 | Sold | $636,555 | +8.8% | $549 / Sq Ft |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- |
| 12/06/2022 12/06/22 | For Sale | $585,000 | -- | $504 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,350,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24234576
APN: 5128-011-005
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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