BUNGALOWS on Adams! We are pleased to present a 6-unit bungalow community located at 634 E Adams consisting of 4 separate two-story bungalow structures and a rear two-story duplex for a total of 5 separate structures. The property currently operates at an 9.56 GRM and 6.54% CAP Rate on current rents with rental upside potential to a 5.25 GRM and 14.54% CAP Rate on pro-forma rents. The units consist of four (4) one bedroom one-bathroom standalone bungalows and (2) one bedroom one-bathroom units in the rear duplex totaling 4,188 rentable square feet located on an 8,575 square foot LARD1.5 lot. Nearby amenities include Trader Joe's, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center, and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
| MLS # | 26856489 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 52 |
| Listing Provided By | Kidder Mathews of California, Inc. | Casey Lins |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 4,188 |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 5 |
| Zoning | LARD1.5 |
| Acreage | 0.20 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Parking Features | None |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $865,000 low | high Med: $929,000 sqft: 4,188 low | high Med: 5,454 $ / sqft: $207 low | high Med: $184 On site: 52 low | high Med: 169 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $865,000 low | high Med: $929,000 sqft: 4,188 low | high Med: 5,454 $ / sqft: $207 low | high Med: $184 On site: 52 low | high Med: 169 | |