new - 1 day on rocket

630 E Adams Blvd, Los Angeles, CA, 90011

$3,700,000

0 Baths
Townhouse

Location

Image provided by Mapbox

Property Highlights

Home TypeTownhouse
Garage8 spaces
Year BuiltNew Const., 2024
HeatingCentral
CoolingCentral Air
FireplaceNone
MLS #OC24234576
Lot Size0.19 Acres
StatusActive

About 630 E Adams Blvd

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 investment’s 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 property’s prime location enhances its value and tenant appeal. Located less than 1.3 miles from USC’s West Entrance and 1.8 miles from the Los Angeles Memorial Coliseum and LAFC Stadium, the building benefits from proximity to key city landmarks and vibrant attractions. Boasting an 85 Walk Score, tenants enjoy easy access to freeways, public transportation, and nearby shopping, dining, and entertainment. The neighborhood’s thriving rental market ensures long-term appreciation and consistent occupancy. Investors also gain peace of mind with a 1-year builder warranty, while the green-certified construction offers energy efficiency and reduced tenant utility costs. The property includes 12 parking spaces (8 covered garage spots and 4 uncovered), a rare and desirable feature in Los Angeles. Best of all, this property is exempt from rent control, allowing for maximum rental income and flexibility. Whether expanding your portfolio or seeking a high-performing investment, this property offers unmatched financial benefits, modern amenities, and strong market potential.

Property Details

Property Features

Property Information:

  • Architectural Style: Modern
  • Year Built: 2024
  • Stories: 3

Listing Office:

  • Office Name: Four Brothers Real Estate, Inc.
  • Office Phone: (949) 413-7911
  • Listing Agent: Drew Dunn

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dishwasher, Electric Range, Disposal, Refrigerator, Range Hood, Trash Compactor, Vented Exhaust Fan, Water Heater
  • Flooring Type: Vinyl
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Rain Gutters

Parking Information:

  • Garage Space: 8 spaces

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Adams blvd and San Pedro St

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,700,000

Tax Information:

  • Annual Amount: $1,790
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

630 E Adams Blvd vs Los Angeles

1 DAY ON ROCKET

-37 Days

$3,700,000

+$2.6M More

KEY TAKEAWAY

This property is $2.6M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24234576

Listing Office:

  • Office Name: Four Brothers Real Estate, Inc.
  • Office Phone: (949) 413-7911
  • Listing Agent: Drew Dunn

IDX 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: 11/21/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,790$119,585
2020$1,744$118,360
2019$1,655$116,040
2018$1,622$113,765
2017$1,622$111,536

History based on county public records data.

Payment Calculator

$18.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$11.1K

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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.

Nearby Schools

school-card-donut-186639
3
/10
  • 28th Street School

  • 2807 Stanford Ave

  • 0.22 miles

  • Public District Grades KG-5

school-card-donut-186640
7
/10
  • Dolores Huerta Elementary School

  • 260 E 31st St

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-186641
3
/10
  • Quincy Jones Elementary

  • 900 E 33rd St

  • 0.55 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,780. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 630 E Adams Blvd

What is the listing price of this property?

The listing price of 630 E Adams Blvd property is $3,700,000.

What type of property is this?

The property 630 E Adams Blvd is a townhouse located in Los Angeles, California, 90011.

Is this property for sale now?

Active Listing: 630 E 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 $1,790 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 630 E Adams Blvd is 2024.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles90011630 E Adams Blvd

This home is located at 630 E Adams Blvd in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This home, which was built in 2024, sits on a 0.19 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $3,700,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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