1166 E Adams Blvd Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,299 sqft
Price per Sqft $347
MLS Listing ID 24-436503
Bedrooms 6
Year Built 1905
Lot Size 6,236 Sqft
Property Description
Rent Increases from November 2024! Tenants pay all utilities! Explore a lucrative investment with this strategically located 3-unit income property; situated just south of Downtown Los Angeles (DTLA). Perfectly positioned, this property is a short 6-minute drive to USC, making it an attractive option for students and professionals alike. Each of the three units offers a spacious layout with 2 bedrooms and 1 full bath. The front building was fully reimagined in 2019, featuring contemporary upgrades that include modern kitchens with stainless steel appliances, stylish bathrooms, and fresh flooring throughout. The back building has been expertly converted from a garage into a comfortable 2-bedroom, 1-bathroom unit, also fully renovated in 2019. This unit provides additional rental potential and complements the front building's appeal. Enjoy the convenience of being just minutes away from FWY, USC, and DTLA, with easy access to public transportation, shopping, dining, and entertainment. This location is highly desirable for renters seeking proximity to major urban amenities. Tenants pay all utilities. With its recent renovations, high-demand location, and stable rental income, this property presents an excellent investment opportunity. Whether you're looking for a steady income stream or long-term appreciation, this property delivers. Photos are before tenants moved in.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Other, Wall
Cooling Ceiling Fan, Air Conditioning
Flooring Laminate
Equipment Ceiling Fan
Exterior
Parking Features Driveway, Gated, Uncovered
Garage Spaces 5.0
Building
Lot Description Fenced
Story 1
Sewer In Connected and Paid
Water Meter on Property
Others
Special Listing Condition Standard