$4,950,000
4905 W Adams Boulevard, Los Angeles CA 90016
Multi-Family (36 Units)
Property type
98 days
On market
$596
Price per sqft
0 cars
Garage
1964
Year built
13,644 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Logan Altman DRE #01965826, Altman Apartments LLC
Listing updated: Feb 27, 2026 at 08:16am.
Last checked: Jun 5, 2026 at 08:01pm
Source: CRMLS #SR26043366
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 34 | 0 | 1 | — | $51,247 | $51,247 | $52,000 | Partially |
| 1 | 1 | 1 | — | $1,795 | $1,795 | $1,795 | Unfurnished |
| 1 | 2 | 1 | — | $2,316 | $2,316 | $2,400 | Unfurnished |
# of Buildings: 1
# of Units Total: 36
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Refrigerator: 36
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
7.2x
List Price / Annual Gross Rent
Cap Rate
8.03%
NOI / List Price
Gross Scheduled Income: $685,007
Vacancy Allowance Rate: 5%
Operating Expense: $254,180
Net Operating Income: $397,612
Annual Operating Expenses
Cable TV: $10,800
Electric: $51,002
Fuel: $3,942
Insurance: $20,916
Licenses: $3,734
Maintenance: $45,000
New Taxes: $61,875
Pest Control: $1,764
Professional Management: $26,072
Trash: $6,335
Water / Sewer: $0
Interior
Interior Features: Balcony, Ceiling Fans, Granite Counters, Multiple Staircases, Wired For Data
Flooring: Tile
Cooling: Wall Window Units
Heating: Electric
Appliances: Electric Cooktop, Exhaust Fan, Microwave, Refrigerator, Water Heater
Fireplace: None
Laundry: None
Entry Location: Adams Blvd
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Foundation: Slab
Construction Materials: Drywall, Frame, Stucco
Common Walls: No Common Walls
Security Features: Closed Circuit Cameras, Carbon Monoxide Detectors, Security Gate, Gated Community, Resident Manager, Smoke Detectors
Lot Features: Corner Lot, Level, Over40 Units Acre, Near Public Transit, Rectangular Lot, Street Level
Pool: None
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
View: City Lights, Neighborhood
Road Frontage Type: Alley, City Street
Road Surface Type: Paved
Garage and Parking
Parking: Carport
Garage Spaces: 0
Uncovered Spaces: 23
Carport Spaces: 0
Parking Total: 23
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5049001045
Additional Parcels: No
Tax Lot: 190
Zoning: C2-1VL-CPIO
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Street Lights, Sidewalks, Urban, Gated
Nearby Schools
Nearby schools around the 4905 W Adams Boulevard, Los Angeles, CA 90016. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,960,000
Total Interest
$5,050,762
Total Payment
$9,010,762
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$30,336
per month
Property History for 4905 W Adams Boulevard
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90016.
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