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4905 W Adams Boulevard

Los Angeles, CA 90016
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Bed 0

Bed

Bath 0

Bath

SqFt8,299

Sqft

SqFt13,644

Sqft(Lot)

Discover a prime investment opportunity at West Adams Studios! Located at 4905 W Adams Blvd, Los Angeles, CA 90016, this 36-unit property in the thriving West Adams market presents an attractive option for savvy investors. Renovated in 2018 with over $500,000 in upgrades, including new plumbing, electrical systems, and modern finishes, this turn-key asset promises a hassle-free ownership experience. Boasting a high-efficiency micro-unit model, with studios comprising 91% of the unit mix, West Adams Studios offers a lucrative rental yield per square foot. With a current cap rate of 8.03%, this property demonstrates strong stabilized income generation potential. Don't miss out on this opportunity to invest in a well-maintained property in a desirable location with excellent income prospects. Take the next step towards maximizing your real estate portfolio with West Adams Studios! Turn-Key Renovated Asset with Significant Capital Improvements: This 36-unit apartment building underwent a comprehensive renovation in 2018, with over $500,000 in completed upgrades. The renovation included new plumbing, electrical systems, drywall, paint, flooring, and cabinetry, offering a modernized, turn-key investment for savvy investors. Proven "Micro Unit" Model Maximizing High PSF Rental Yield: Comprised primarily of studio units (91% of the unit mix), the property utilizes a high-efficiency micro-unit model that is easier to rent in the Los Angeles market. This design yields an impressive actual rent of $5.40 per square foot—with some units reaching as high as $6.67 PSF—justifying the asset’s valuation through proven rental performance. Substantial Built-in Value Add via ADU Potential: The property offers an unparalleled opportunity to capitalize on the city's Accessory Dwelling Unit (ADU) ordinance. Investors can potentially add 9+ units in the existing parking areas, significantly increasing the total unit count and exponentially growing the property’s longterm asset value. Exceptional Current Yield and Financial Stability: Offered at $4,950,000, the asset delivers a strong current CAP rate of 8.03% and a 9.99% Cash-on-Cash return. Maintaining a robust 95% occupancy rate, the property acts as a "cash flow machine," providing immediate and reliable Net Operating Income of $397,612.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,950,000

AD Id : 75675881

MLS Id : SR26043366

Lot Size : 13,644 Sqft

Living Area Size : 8,299

Year Built : 1964

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: Balcony,Ceiling Fan(s),Granite Counters,Multiple Staircases,Wired for Data Property Appliances: Electric Cooktop,Exhaust Fan,Microwave,Refrigerator,Water Heater Fireplace: None Flooring: Tile
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Electric Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1964 Building Area Total: 8,299 Construction: Drywall,Frame,Stucco
  • Foundation

    Slab

    Security Features

    Closed Circuit Camera(s),Carbon Monoxide Detector(s),Security Gate,Gated Community,Resident Manager,Smoke Detector(s)
  • Pool Features

    None

    Laundry Features

    None

    Fencing

    Wrought Iron

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3132
  • Lot Size Source: Assessor Lot Size Square Feet: 13644

  • Listing Price Information

    Original List Price: 4,950,000 Listing Contract Date: 2026-02-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5049001045

  • Garage and Parking

    Garage Description: Carport

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C16 - Mid Los Angeles Directions: I-10 exit La Brea south bound take a left on Adams Blvd Zoning: C2-1VL-CPIO Source Property Type: Residential Income Area: C16 - Mid Los Angeles Property SubType: Apartment
  • Building and Construction

    Property Age: 62 Common Walls: No Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Adams Blvd Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2219 Crenshaw Boulevard, Los Angeles, CA, 90016 $1,695,000 10 -- 6,236 6,236 SqFt
2251 Crenshaw Boulevard, Los Angeles, CA, 90016 $2,395,000 16 -- 9,000 9,000 SqFt
4400 W Washington Boule.., Los Angeles, CA, 90016 $1,899,000 16 -- 5,624 5,624 SqFt
2025 West Boulevard, Los Angeles, CA, 90016 $1,098,000 3 2 1,769 1,769 SqFt
3809 W 30th Street, Los Angeles, CA, 90016 $1,180,000 6 -- 5,213 5,213 SqFt
1934 Vineyard Avenue, Los Angeles, CA, 90016 $1,379,000 3 2 2,042 2,042 SqFt
3018 S Victoria Avenue, Los Angeles, CA, 90016 $850,000 3 1 1,550 1,550 SqFt
2807 Somerset Drive, Los Angeles, CA, 90016 $1,399,000 3 2 1,585 1,585 SqFt
2919 Somerset Drive, Los Angeles, CA, 90016 $999,000 3 2 1,049 1,049 SqFt
2636 Virginia Road, Los Angeles, CA, 90016 $3,250,000 16 -- 6,936 6,936 SqFt

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ByOwner last updated this listing 06/13/2026 @ 00:17

MLS: SR26043366 LISTED BY: Logan Altman, Altman Apartments LLC 310-903-0222 SOURCE: CRMLS

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