1166 E Adams Blvd, Los Angeles, CA 90011 – 24-436503

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$799,000

Est. payment - /mo

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6 BD

3 BA

2,299 SqFt

Active Under Contract

1166 E Adams Blvd Los Angeles, CA 90011

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/15/2024 06:23 PM

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

Construction Status Updated/Remodeled

Year Built 1905

Lot Size 6,236 Sqft

Acres 0.1432

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

Level or Stories One

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Larchmont