We are pleased to present an excellent cash flow opportunity on a quiet street in West Adams. The charming craftsman is a 7 unit apartment building located in the West Adams submarket, between Normandie and Western Ave and south of Adams. The structures are wood frame stucco with 3 separate buildings. The two structures in the rear are bungalow style units and the structure in the front of a two story building. The zoning for the lot is LAR1 as most of the block consists of single family home or low density smaller apartments. The unit mix consists of (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath and (1) 2 Bed / 2 Bath / Den. The subject property is located just west of USC, south of Koreatown/Mid-City and has easy access to the 10 Freeway.
West Adams is a historic neighborhood characterized by tree-lined streets, well-preserved Victorian homes, Craftsman bungalows, and a neighborhood with unique charm and appeal. In recent years, West Adams has experienced a revitalization, attracting young professionals, artists, and families seeking a blend of historic ambiance and urban convenience. The neighborhood is home to a booming arts scene, with galleries, studios and cultural events adding vibrancy to the community. Residents enjoy proximity to major cultural attractions including the Natural History Museum and the California Science Center. Additionally, the neighborhood offers easy access to transportation corridors, including the Expo Line light rail, providing convenient connections to Downtown LA and Santa Monica.