Description
The RCRE Group of RE/MAX Commercial proud to present "Adams Arts 4", a 4 unit apartment community located near the trending West Adams / Culver Arts District.Stylish and chic, "Adams Arts 4" has many upgrades and is well maintained. 3 units are 1 bed + 1 bath and the rear unit upstairs is a large 2 + 2. All but the front unit has been recently renovated making for excellent upside opportunity with the final turnover. Additionally, the garages are large and present an easy build opportunity for a 5th ADU unit. As a passive investment, the projected 5 year IRR (internal rate of return) is estimated to be 21% year over year! With the last unit turnover your returns could far exceed this. With the exterior and major systems in excellent condition, a new owner just needs to come in with a down payment and some reserves for the future. With pricing set at compelling economic metrics, this property should be an easy deal to buy, an easy deal to own, and an easy deal to win with!
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5BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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3,599SQFT
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$361$/SQFT
School Ratings & Info
Description
The RCRE Group of RE/MAX Commercial proud to present "Adams Arts 4", a 4 unit apartment community located near the trending West Adams / Culver Arts District.Stylish and chic, "Adams Arts 4" has many upgrades and is well maintained. 3 units are 1 bed + 1 bath and the rear unit upstairs is a large 2 + 2. All but the front unit has been recently renovated making for excellent upside opportunity with the final turnover. Additionally, the garages are large and present an easy build opportunity for a 5th ADU unit. As a passive investment, the projected 5 year IRR (internal rate of return) is estimated to be 21% year over year! With the last unit turnover your returns could far exceed this. With the exterior and major systems in excellent condition, a new owner just needs to come in with a down payment and some reserves for the future. With pricing set at compelling economic metrics, this property should be an easy deal to buy, an easy deal to own, and an easy deal to win with!
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T22:42:20.17. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.