Offering

The Offering

5614 W Adams Boulevard is a value-add seven-unit apartment building in one of Los Angeles' fastest-growing neighborhoods. All seven units are efficient 2BR/1BA layouts averaging approximately 715 square feet, with two units fully renovated in 2024 and one vacant unit taken to the studs and pre-fit for a turnkey finish. In-place rents average roughly $2,153, about 16% below the $2,500 achieved on renovated units, with additional ADU upside on the C2 corner lot.

1. 01

   Priced to sell at $1,795,000, just $256,429 per unit and $356.99 per square foot, below the comparable set at a 6.52% going-in cap

2. 02

   Roughly 16% mark-to-market upside; in-place rents average $2,153 versus $2,500 on renovated units

3. 03

   Two units fully renovated in 2024 with permits: new windows, flooring, kitchens, in-unit laundry, and mini-split HVAC

4. 04

   Turnkey value-add vacancy: one unit taken to the studs, passed rough MEP, and pre-fit for appliances and laundry

5. 05

   Major capital improvements since 2022: new roof, backflow preventer, central plumbing, landscaping, paint, and re-stucco

6. 06

   Efficient all-2BR/1BA mix averaging approximately 715 square feet

7. 07

   Development and ADU upside on a C2-1VL-CPIO corner lot in a Tier 2 TOC and High Quality Transit Corridor

8. 08

   Prime West Adams location: walk to the Metro E Line and Whole Foods, minutes to Culver City, USC, and Downtown LA