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$3,700,000
Listing Price2beds
1baths
1,160sqft
8,479sqft lot
630 E Adams Blvd, Los Angeles, CA 90011
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investments appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landlords avoid utility expenses, boosting profitability. The propertys prime location enhances its value and tenant appeal. Located less than 1.3 miles from USCs West Entrance and 1.8 miles from the Los Ange
Interior Details
1160
2
1
Has Heating:
Yes
Heating Type:
Floor/wall Furnace
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
8479
Yes
No
Type:
Garage, Attached
Location:
N/A
Status:
N/A
Number of Spaces:
2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
N/A
N/A
N/A
Composition Shingle
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$1,744
$75,756
$42,604
--%
$118,360
2019
$1,744
$74,271
$41,769
--%
$116,040
2018
$1,655
$72,815
$40,950
--%
$113,765
2017
$1,621
$71,388
$40,148
--%
$111,536
2016
$1,576
$69,989
$39,361
--%
$109,350
2014
$1,572
$67,588
$38,011
--%
$105,599
2013
$1,573
$67,283
$37,840
--%
$105,123
2012
$1,552
$65,964
$37,099
--%
$103,063
Average Home Price in 90011
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles





