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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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3812 W Adams Boulevard Los Angeles, CA 90018
$3,400,000 0 beds, 0 baths
0 sqft
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Photo of Jesse Hlubik

Jesse Hlubik REALTORĀ® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Agent Remarks

We are pleased to present 3812 West Adams Blvd, a 100% affordable 106-unit multifamily development project sitting on a 15,325 square foot R3-1-O zoned lot, located in the Jefferson Park neighborhood of Los Angeles. The proposed development features a 6-story structure with Type III-A over Type I-A construction that spans a total floor area of 55,120 square feet. The project will be delivered with RTI (Ready to Issue) plans for 85 affordable units and 17 on-grade parking spaces. The plans for the 21 ADUs can be submitted to plan check to be approved with the only condition being the certificate of occupancy for the original project. This process can be initiated by the Seller during escrow or by the Buyer after the sale. The parking lot can also be restriped to accommodate for 25 parking spaces.The parcel currently features an existing 8-unit multifamily property that will be delivered vacant at the close of escrow, a HUGE bonus for developers looking to avoid new higher mandatory relocation fees for Ellis Act evicted tenants. The project will include a total of 43,952 rentable square feet spread across 101 one-bedroom units and 4 two-bedroom units. Of these 106 units, 85 units will be reserved for low-income tenants (80% AMI or lower), 15 units will be reserved for moderate-income tenants (120% AMI or lower), 4 units will be reserved for very low-income tenants (50% of AMI or lower), and 1 unit will be reserved for an extremely low-income tenant (30% of AMI or lower). There will be 1 unit reserved for an on-site manager. Rents will follow the parameters of HCD Schedule IV and TCAC Schedule IX. 3812 West Adams Blvd is located just east of Crenshaw Blvd. along one of the active thoroughfares in Los Angeles and boasts a walk score of 81. The property is located within a half mile of multiple bus stops and about 1 mile from the Expo/Crenshaw Metro rail stations which will provide tenants with access to from East to West LA, Downtown LA, Santa Monica, Inglewood, and LAX via the E and K lines. The property is also within a half mile of freeway access in either direction.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25514957
List price is $3,400,000
Beds: 0
Baths: 0
0.35 acres
Lot size: 0.3522
County: Los Angeles
Zoning: R3-1-O
MLS area: C16 - Mid Los Angeles

Last Updated: 4/3/2025

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.032203, -118.326580.
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Listing Agent: Sevak Keshishian
Lic#: 01801928
Office Name: Sherman Oaks

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Jesse Hlubik

Jesse Hlubik REALTORĀ® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com

Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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