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Listed by Martin Ensbury • Lyon Stahl Investment Real Estate, Inc.
$ 5,150,000
Est. payment | /mo
20,852 SqFt
$ 5,150,000
Est. payment | /mo
20,852 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 20,852 sqft
Price per Sqft $246
MLS Listing ID CRSB25145990
HOA Y/N No
Year Built 1961
Lot Size 0.486 Acres
Property Sub-Type Other
Source Datashare California Regional
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 prope
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
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