Property Detail

5614 Adams

Los Angeles CA 90016

$1,895,000

Status: Active

Property Details

Description

We pleased to present 5614 W Adams Boulevard, a seven-unit multifamily offering located in one of Los Angeles' fastest-growing submarkets. This investment combines stable in-place income, permitted renovation progress, rental upside, and long term development potential appealing to both value-add and buy-and-hold investors. Built in 1961 and subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), the property consists of seven two-bedroom, one-bath units averaging 715 square feet. The 6,162-square-foot lot is zoned C2-1VL-CPIO, supporting by-right multifamily or commercial uses. Since acquisition in 2022, ownership has completed extensive capital improvements, including a new roof, major central plumbing upgrades, and a backflow water preventer. In 2024, ownership also completed landscaping, full exterior paint and re-stuccoing, and added a communal washer and dryer. Two units were fully renovated in 2024 with permits, featuring new double-pane windows, updated flooring, modern kitchen cabinetry, new appliances, in-unit washer/dryers, and mini-split HVAC systems. A third unit is currently vacant and down to the studs, with rough MEP inspections already passed and infrastructure in place for a washer/dryer, kitchen appliances, and mini-split HVACgiving an investor the opportunity to complete the unit to their own design. In-place rents present approximately 18% upside through continued turnover and interior upgrades. Additional building features include upgraded plumbing and electrical systems, tankless water heaters, and a soft-story seismic retrofit with Certificate of Compliance issued in 2019. The property includes seven parking spacesthree covered and four uncovered. Located in a Tier 2 TOC and High Quality Transit Corridor, the site offers future development flexibility, including increased density, mixed-use entitlement, or detached ADUs. The lot configuration may support one or more ADUs without requiring a zone change or complex entitlement process. Just west of La Cienega Boulevard, the property is walkable to the La Cienega/Jefferson Metro Station, the Cumulus District, and Whole Foods, with close proximity to Culver City, USC, Kaiser Permanente, and Downtown LA. The West Adams corridor continues to attract strong renter demand fueled by its evolving retail, dining, and cultural landscape. 5614 W Adams Boulevard presents a rare blend of current cash flow, tangible value-add potential, and long-term development upside in a prime infill location.

Map Location

Listing provided courtesy of Filip Niculete of Marcus & Millichap. Last updated 2025-12-19 09:11:26.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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