John E Burge

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4905 W Adams BoulevardLos Angeles, CA 90016

Multi-Family · 8,299 Sq. ft. | 0.31 Acres
$4,950,000 Active

4905 W Adams Boulevard Overview

Time on Site:
123 days
Visits:
0

Discover a prime investment opportunity at West Adams Studios! Located at 4905 W Adams Blvd, Los Angeles, CA 90016, this 36-unit property in the thriving West Adams market presents an attractive option for savvy investors. Renovated in 2018 with over $500,000 in upgrades, including new plumbing, electrical systems, and modern finishes, this turn-key asset promises a hassle-free ownership experience. Boasting a high-efficiency micro-unit model, with studios comprising 91% of the unit mix, West Adams Studios offers a lucrative rental yield per square foot. With a current cap rate of 8.03%, this property demonstrates strong stabilized income generation potential. Don't miss out on this opportunity to invest in a well-maintained property in a desirable location with excellent income prospects. Take the next step towards maximizing your real estate portfolio with West Adams Studios! Turn-Key Renovated Asset with Significant Capital Improvements: This 36-unit apartment building underwent a comprehensive renovation in 2018, with over $500,000 in completed upgrades. The renovation included new plumbing, electrical systems, drywall, paint, flooring, and cabinetry, offering a modernized, turn-key investment for savvy investors. Proven Micro Unit Model Maximizing High PSF Rental Yield: Comprised primarily of studio units (91% of the unit mix), the property utilizes a high-efficiency micro-unit model that is easier to rent in the Los Angeles market. This design yields an impressive actual rent of $5.40 per square foot—with some units reaching as high as $6.67 PSF—justifying the asset’s valuation through proven rental performance. Substantial Built-in Value Add via ADU Potential: The property offers an unparalleled opportunity to capitalize on the city's Accessory Dwelling Unit (ADU) ordinance. Investors can potentially add 9+ units in the existing parking areas, significantly increasing the total unit count and exponentially growing the property’s longterm asset value. Exceptional Current Yield and Financial Stability: Offered at $4,950,000, the asset delivers a strong current CAP rate of 8.03% and a 9.99% Cash-on-Cash return. Maintaining a robust 95% occupancy rate, the property acts as a cash flow machine, providing immediate and reliable Net Operating Income of $397,612.

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4905 W Adams Boulevard Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,299
  • Price/Sq.ft. $596
  • Lot 0.31 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Cable TV Expense: 10800.0
  • Electric Expense: 51002.0
  • Fuel Expense: 3942.0
  • Gross Income: 651792.0
  • Gross Scheduled Income: 685007.0
  • Insurance Expense: 20916.0
  • Maintenance Expense: 45000.0
  • Net Operating Income: 397612.0
  • New Taxes Expense: 61875.0
  • Operating Expense: 254180.0
  • Trash Expense: 6335.0

Building Information

  • New Construction: No
  • Year Built: 1964

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C16 - Mid Los Angeles
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Curbs,Street Lights,Sidewalks,Urban,Gated

Rent/Lease Information

  • Land Lease: No

General Information

  • Disclosures: Familial Relation,Principal is Real Estate Licensed,Rent Control
  • Listing Terms: Cash,Cash to New Loan,Conventional,1031 Exchange
  • Parcel Number: 5049001045
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: C2-1VL-CPIO

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 8299.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Electric Cooktop,Exhaust Fan,Microwave,Refrigerator,Water Heater
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: Adams Blvd
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Tile
  • Foundation Details: Slab
  • Interior Features: Balcony,Ceiling Fan(s),Granite Counters,Multiple Staircases,Wired for Data
  • Laundry Features: None
  • Levels: Two
  • Security Features: Closed Circuit Camera(s),Carbon Monoxide Detector(s),Security Gate,Gated Community,Resident Manager,Smoke Detector(s)
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 23.0
  • Parking Features: Carport
  • Parking Total: 23.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Corner Lot,Level,Over 40 Units/Acre,Near Public Transit,Rectangular Lot,Street Level
  • Lot Size Acres: 0.3132
  • Lot Size Area: 13644.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 13644.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Construction Materials: Drywall,Frame,Stucco
    • Property Attached: No

    General Information

    • Carport: Yes
    • Fencing: Wrought Iron
    • Number Of Units Total: 36
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: Alley,City Street
    • Sewer: Public Sewer
    • Utilities: Cable Connected,Electricity Connected,Sewer Connected,Water Connected

    4905 W Adams Boulevard Neighborhood

    Community

    90016 (LOS ANGELES) Demographics

    35
    Median Age
    12,765
    Population Density (per sq. mile)
    33%
    College Educated
    $49,958
    Estimated Median Income
    6,180
    Estimated Total Home Owners
    11,342
    Estimated Total Renters
    35% / 65%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    4905 W Adams Boulevard Monthly Cost

    $
    $ %
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    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    4905 W Adams Boulevard Market Data

    Based on the last 30 days in this zip code

    $949,295
    Average List Price
    $715
    Average Price per Square Foot
    25
    Properties Sold
    81
    Average Days on Market
    273
    Properties for Sale
    Calculations provided by Reliance Network

    4905 W Adams Boulevard History

    Date Event Value Agent
    2/27/2026Source: CRMLS Added to Database
    February 27, 2026
    Listing provided courtesy of Altman Apartments LLCLogan Altman- MLS# SR26043366MLS ProviderContact Information: [email protected] - 310-903-0222
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