1475 W Adams Blvd - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$3,595,000 USD
424-653-1854
1475 W Adams Blvd, Los Angeles, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/36
null | 6.75% Cap Rate

1475 W Adams Blvd
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Strong cash flow opportunity with 6.75% cap rate and 7.46% CoC return
  • Meticulously restored and modernized 1920's vintage asset
  • Only 5 minutes to USC
  • Within the Patrol Zone, offering an increased level of police protection
  • Close to DTLA, Expo Park, Lucas Museum Koreatown, Miracle Mile and more
  • Walker’s Paradise with Walkscore of 91

OVERVIEW

Kidder Mathews, as exclusive listing agent, is pleased to present Casa Catalina, a fully renovated and stabilized 24-unit 1920s-era apartment building located just half a mile from USC within the Public Safety Patrol Zone. Priced at a 6.75% cap rate and 8.91 GRM, the property offers investors strong in-place cash flow, a 7.46% cash-on-cash return at list price, and minimal future capital requirements in one of Los Angeles' most supply-constrained rental markets. The unit mix consists of 6 one-bedroom units and 18 studios, with 19 of 24 units fully renovated. Interior upgrades feature hardwood-style flooring, granite countertops, stainless steel appliances, custom bathroom vanities, and designer lighting. Recent building improvements include a newly furnished lobby, secured entry with intercom access, on-site laundry facilities, and a resident lounge in the rear courtyard. With a Walk Score of 91, residents enjoy a highly walkable location near USC Village, offering immediate access to national retailers, dining, and fitness amenities. Its central positioning also provides excellent connectivity to Downtown LA, Koreatown, and West Adams/Mid-City. This is a rare opportunity to acquire a fully modernized, stabilized asset that retains its original charm while offering contemporary comforts — perfectly positioned to deliver long-term value for investors seeking a high-quality, well-located rental property in Los Angeles.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

24

PRICE/UNIT

$149,792

CAP RATE

6.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Catalina

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,813 SF

ZONING

LAC2

APN/PARCEL ID

5054-027-009

ASK ABOUT THIS PROPERTY

Darin BeebowerKidder MathewsMore Info
424-653-1854

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Darin BeebowerKidder MathewsMore Info
424-653-1854

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.