For Sale

Listed by Sean Rosenzweig from Marcus & Millichap

Source: Combined LA Westside Multiple Listing Service, Inc #23253861

5504 West Adams Boulevard, Los Angeles, CA, 90016

$2,700,000

11
8
5
6572 sq. ft.
6686 sq. ft.

Other

•

30+ days on the market

What's around 5504 West Adams Boulevard

About this property

I am pleased to present 5504-5506 West Adams Boulevard. This mixed-use property offers nine total units, including five one-bedroom units, three two-bedroom units, and one commercial unit, situated on a 6,686 square foot parcel. Located in the premiere pocket of the West Adams neighborhood, this property is located just east of the West Adams Boulevard intersection with Fairfax Avenue. This sought-after location offers convenient access to fresh new eateries, employment centers and retail, from West Adams, and Culver City. West Adams is experiencing tremendous growth fueled by significant development activity and a growing roster of retail & office tenants. This family-owned and operated property is on the market for the first time in 20 years and offers 57% rental upside through interior and exterior renovations. The surrounding area is continuing to experience gentrification, making West Adams a compelling value-proposition for tenants who are getting priced out of neighboring submarkets. This neighborhood is poised for rent growth, making this investment opportunity even more attractive. 5504 West Adams Boulevard offers investors a chance to own a well-managed and maintained mixed use property with value-add potential in a desirable location, making this an excellent acquisition opportunity.

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