A turnkey 12-unit multifamily asset, 4309 W Adams Blvd is an ideal 1031 exchange upleg. The headache-free investment offers robust market rents and a fully renovated property. The new owner will generate strong rents at a healthy $2.65/SF from day one as well as benefit from long-term appreciation in a rapidly elevating neighborhood. Add up to an additional +/-3,000 SF by building four ADUs in the rear of the generously sized lot. From James Beard-nominated Chef Keith Corbin of Alta Adams, the always buzzy Tartine and Mizlala restaurants, to CIM's numerous residential, commercial, and office developments, the neighborhood's energy is positive and electric. There is demonstrated demand for newly renovated dual-entrance units in smaller secure buildings with dedicated parking. Centrally located between Culver City and Downtown LA, the subject property offers financial and development incentives to the savvy investor, whether tax deferment within an Opportunity Zone or 7-floor by-right development potential as a TOD Tier 4 site in the Crenshaw Corridor Specific Plan.
Property Details
Property Features
Property Information:
Year Built: 1954
Stories: 2
Living Area: 8,850 SqFt
Listing Office:
Office Name: Maher Commercial Realty
Office Phone: (310) 464-1453
Listing Agent: Nicole Lu
Interior Features
Interior Information:
Appliances: Refrigerator
Flooring Type: Laminate
Bedroom and Bathroom Information:
Total Bedroom Count: 12
Exterior Features
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.25 Acres
Other
Directions Information:
Directions: South on Crenshaw Blvd, West on W. Adams Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $4,175,000
Price Per SqFt: $472/SqFt
Tax Information:
Annual Amount: $22,565
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.1M more than the Median Sold Price and $168/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24439523
Listing Office:
Office Name: Maher Commercial Realty
Office Phone: (310) 464-1453
Listing Agent: Nicole Lu
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 01, 2017
Mar 01, 2017Home Sold
$1,695,000
Dec 18, 1995
Dec 18, 1995Home Sold
$239,000
Mar 28, 1989
Mar 28, 1989Home Sold
$550,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$22,565
$1,817,880
2020
$21,907
$1,798,746
2019
$21,696
$1,763,478
2018
$5,288
$1,728,900
2017
$5,288
$357,843
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Virginia Road Elementary
2925 Virginia Rd
Distance between this listing and this school0.53 miles
Public District Grades KG-5
3
/10
6th Avenue Elementary School
3109 6th Ave
Distance between this listing and this school0.65 miles
Public District Grades KG-5
4
/10
Arlington Heights Elementary School
1717 7th Ave
Distance between this listing and this school0.72 miles
Public District Grades KG-5
Nearby Schools
3
/10
Isana Nascent Academy
3417 W Jefferson Blvd
Distance between this listing and this school0.48 miles
Public Charter Grades KG-8
3
/10
Johnnie Cochran Jr. Middle School
4066 W Johnnie Cochran Vis
Distance between this listing and this school0.74 miles
Public District Grades 6-8
4
/10
Pico Pico Middle School
1512 Arlington Ave
Distance between this listing and this school1.25 miles
Public District Grades 6-8
Nearby Schools
7
/10
Math and Science College Preparatory
3202 W Adams Blvd
Distance between this listing and this school0.77 miles
Public Charter Grades 9-12
2
/10
Dorsey High School
3537 Farmdale Ave
Distance between this listing and this school1.09 miles
Public District Grades 9-12
1
/10
View Park Continuation
4701 Obama Blvd
Distance between this listing and this school1.18 miles
The neighbors living near this home have an average income of $31,604. The most common annual income of people living in Los Angeles, CA is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4309 W Adams Blvd
What is the listing price of this property?
The listing price of 4309 W Adams Blvd property is $4,175,000.
What type of property is this?
The property 4309 W Adams Blvd is a house located in Los Angeles, California, 90018.
Is this property for sale now?
Active Listing: 4309 W Adams Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $22,565 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 1, 2017 for $1,695,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 4309 W Adams Blvd has 12 bedrooms and 12 bathrooms.
What is the square footage of this property?
The property 4309 W Adams Blvd is 8,850 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4309 W Adams Blvd is 1954.
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This home is located at 4309 W Adams Blvd in Los Angeles, CA and zip code 90018 in the West Adams Terrace neighborhood. This 8,850 square foot home, which was built in 1954, sits on a 0.25 acre lot. Features: 12 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since September 15, 2024 and is currently priced at $4,175,000.
While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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