Multifamily
5504-5506 West Adams Boulevard
5504 W Adams Blvd, Los Angeles, CA 90016
Listing Price: $2,850,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present 5504-5506 West Adams Boulevard. This mixed-use property offers nine total units, including five one-bedroom units, three two-bedroom units, and one commercial unit, situated on a 6,686 square foot parcel. Located in the premiere pocket of the West Adams neighborhood, this property is located just east of the West Adams Boulevard intersection with Fairfax Avenue. This sought-after location offers convenient access to fresh new eateries, employment centers and retail, from West Adams, and Culver City. West Adams is experiencing tremendous growth fueled by significant development activity and a growing roster of retail & office tenants. This family-owned and operated property is on the market for the first time in 20 years and offers 57% rental upside through interior and exterior renovations. The surrounding area is continuing to experience gentrification, making West Adams a compelling value-proposition for tenants who are getting priced out of neighboring submarkets. This neighborhood is poised for rent growth, making this investment opportunity even more attractive. 5504 West Adams Boulevard offers investors a chance to own a well-managed and maintained mixed use property with value-add potential in a desirable location, making this an excellent acquisition opportunity.
5504-5506 West Adams Boulevard
Investment Highlights
- There is 56 Percent Remaining Rental Upside Through Interior and Exterior Renovations.
- The West Adams Neighborhood is a Rapidly Growing Infill Urban Location Proximate to Culver City That has a Host of New Restaurants, Coffee Shops and Breweries.
- Developers like CIM Group, 4D Developments, Carmel Partners and Redcar Properties All Have Projects Under Way in this Neighborhood.
Exclusively Listed By
Financing By
Listing Price: $2,850,000
Investment Highlights
- There is 56 Percent Remaining Rental Upside Through Interior and Exterior Renovations.
- The West Adams Neighborhood is a Rapidly Growing Infill Urban Location Proximate to Culver City That has a Host of New Restaurants, Coffee Shops and Breweries.
- Developers like CIM Group, 4D Developments, Carmel Partners and Redcar Properties All Have Projects Under Way in this Neighborhood.
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present 5504-5506 West Adams Boulevard. This mixed-use property offers nine total units, including five one-bedroom units, three two-bedroom units, and one commercial unit, situated on a 6,686 square foot parcel. Located in the premiere pocket of the West Adams neighborhood, this property is located just east of the West Adams Boulevard intersection with Fairfax Avenue. This sought-after location offers convenient access to fresh new eateries, employment centers and retail, from West Adams, and Culver City. West Adams is experiencing tremendous growth fueled by significant development activity and a growing roster of retail & office tenants. This family-owned and operated property is on the market for the first time in 20 years and offers 57% rental upside through interior and exterior renovations. The surrounding area is continuing to experience gentrification, making West Adams a compelling value-proposition for tenants who are getting priced out of neighboring submarkets. This neighborhood is poised for rent growth, making this investment opportunity even more attractive. 5504 West Adams Boulevard offers investors a chance to own a well-managed and maintained mixed use property with value-add potential in a desirable location, making this an excellent acquisition opportunity.
Exclusively Listed By
Financing By
