Investment Overview

Marcus & Millichap is pleased to present 5614 W Adams Boulevard, a seven-unit multifamily investment opportunity located in one of Los Angeles’ fastest-growing neighborhoods. Built in 1961 and subject to the City of Los Angeles Rent Stabilization Ordinance, the property features a desirable unit mix of all 2-Bedroom, 1-Bath units, averaging approximately 715 square feet each. Ownership has made substantial capital improvements since acquiring the property in 2022, including: • New Roof Installation (2022) • Backflow Water Preventer Installation (2023) • Major Central Plumbing Upgrades (late 2023) • Landscaping Investment, Exterior Painting, and Re-Stuccoing (2024) • Installation of Communal Washer and Dryer (2024) Additionally, two units were fully remodeled in 2024 with permits, featuring new double-pane windows, flooring, kitchen cabinetry, appliances, in-unit washer and dryer, and mini-split HVAC systems. Two units are currently vacant, including one that has been fully demolished and passed rough mechanical, electrical, and plumbing (MEP) inspections. The unit has been retrofitted to accommodate a washer/dryer in the closet, dishwasher, oven range, hood, refrigerator, and mini-split HVAC system, offering an investor the opportunity to close up the walls and finish the unit to their own design specifications. In-place rents average approximately $1,945 per month, significantly below market for comparable renovated units in the area. This presents a ~20 Percent rental upside through turnover and interior upgrades. Additional highlights include a completed soft-story seismic retrofit with Certificate of Compliance issued in 2019, upgraded plumbing and electrical systems, tankless water heaters, and an on-site laundry room with owned machines. The site includes seven parking spaces (three covered, four uncovered). Zoned C2-1VL-CPIO and totaling 6,162 Square Feet, the property is located in a Tier 2 Transit Oriented Communities (TOC) area and a High Quality Transit Corridor, allowing for future density increases, mixed-use entitlement, or ADU additions. The lot configuration may support one or more detached ADUs, offering further income potential without pursuing zone changes or complex entitlements. Located just west of La Cienega Boulevard, the property is walking distance to the La Cienega/Jefferson Metro Station, Cumulus District, and Whole Foods, with convenient access to Culver City, USC, Kaiser Permanente, and Downtown Los Angeles. The West Adams corridor continues to experience strong renter demand driven by its evolving retail, dining, and cultural landscape. 5614 W Adams Blvd offers a compelling blend of current income, significant rental upside, permitted renovation progress, and long-term development flexibility, an ideal opportunity for both value-add and buy-and-hold investors.