1325 West Adams Boulevard

Los Angeles, CA 90007

$2,803,000
Last Sold Price
14
Beds
7
Baths
4,725 Sq. Ft.
$593 / Sq. Ft.
4,725
Sq. Ft.
$593
per Sq. Ft.

Description

We are pleased to offer the opportunity to acquire this high yield 7.65% Cap furnished three (3) unit, 12 bedroom + 5.5 bathroom house + two (2) studio Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property is approximately 4,725 rentable square feet on an oversized 10,324 square foot lot. The property has two (2) separate structures, with a unit mix of a large Single Family Residence...We are pleased to offer the opportunity to acquire this high yield 7.65% Cap furnished three (3) unit, 12 bedroom + 5.5 bathroom house + two (2) studio Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property is approximately 4,725 rentable square feet on an oversized 10,324 square foot lot. The property has two (2) separate structures, with a unit mix of a large Single Family Residence comprised of fully permitted 12 bedrooms & 5.5 bathrooms. As well as an additional structure in the rear consisting of 2 studio units (1 studio non-conforming). The main house was remodeled in 2019, with brand new flooring, updated electrical, and an in-unit washer & dryer. The two studio units have recently been completed 2021, featuring brand new kitchenettes & appliances in addition to being fully furnished. The investment is 100% occupied with USC students and fully leased for the 2022-2023 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk lease investment that is poised for continued growth and excellent operating fundamentals. The property is currently grossing $19,950 per month with the tenants paying for the utilities including Water/Gas/Electric. In addition, this property has the benefit of substantially reduced property taxes as the property is under the Mill's Act (current owner paying $9,001 annually in property tax).
  1. Listed by Adam Shamooelian • DRE #02116849 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1325 West Adams Boulevard

Zoning
LARD1.5
Parcel Number
5055004003
Total Units
3.0
Living Area
4725
Source Living Area
Owner
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
10324

Location

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Sold By Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Add your commute
LISTING UPDATED: 07/14/2023 12:28 PM

Property Details for 1325 West Adams Boulevard

StatusSold
MLS #23-264121
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1899
Lot Size0.24 AC / 10,324 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Sold By Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Add your commute

Building Information for 1325 West Adams Boulevard

Stories2Residences-Year Built1899Building Size-Lot Size0.24 AC / 10,324 SF

Payment Calculator

$16,067 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,297

Property Taxes

$770

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1325 West Adams Boulevard

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multi Family
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $239,400
  • Net Operating Income: $221,564.00
  • Gross Income: $239,400
  • Gross Rent Multiplier: $12.09
  • Total Annual Expense: 28170
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.237
  • Lot Size Square Feet: 10324
  • Lot Size Dimensions: 100x103
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 6
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-26-2023
Unit Details
Unit 1 Information
  • Unit Beds: 12
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $16,100.00
  • Unit Actual Rent: $16,100.00
  • Unit Projected Rent: $17,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,050.00
  • Unit Actual Rent: $2,050.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $154,200.00
  • Assessed Improvement Percent: 21.9
  • Assessed Land Value: $550,000.00
  • Assessed Land Percent: 78.1
  • Assessed Total Value: $704,200.00

Property History for 1325 West Adams Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1325 West Adams Boulevard

Taxable ValueLand$550,000Additions$154,200Total$704,200
Tax Record2023$9,237 ($770 / month)
Home Facts
Beds7Total Finished SqFt4,225 SqFtAbove Grade Finished SqFt4,225 SqFtStories2Lot Size10,324 SqFtStyleSingle Family ResidenceYear Built1899ZoningLARD1.5CountyLOS ANGELESAPN5055-004-003

Schools near 1325 West Adams Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.