1166 E Adams Boulevard
Los Angeles, CA 90011
- – beds
- – baths
- – sqft
- 6,236 sqft lot
- 1905 build
- – on site
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.
Last checked:
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Last updated Nov 6, 2024
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MLS# 24436503 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1905
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New Construction:No
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Faces:South
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Building Area Total:2299.00
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# of Buildings:2
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Total Number Of Units:3
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Stories Total:1
Interior
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Features:Ceiling Fan(s)
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Levels:One
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Flooring:Laminate
Financial & Terms
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Disclosures:Principal Is RE Licensed
Location
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Directions:On E Adams Blvd, between S Central Ave and Naomi Ave
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Latitude:34.01751300
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Longitude:-118.25304400
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:LAR2
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Lot Size Area:6236.0000
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Lot Size Acres:0.1432
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Lot Size SqFt:6236.00
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Security Features:Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s)
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5119012004
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Utilities
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Sewer:Sewer Paid
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway, Gated, Uncovered
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Parking Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/11/24
Oct 11, 2024
|
Price Changed | CRMLS_CA | $799,000 | -8.1% |
|
9/13/24
Sep 13, 2024
|
Listed / Active | CRMLS_CA | $869,000 | 95.3% (16.2% / YR) |
|
10/26/18
Oct 26, 2018
|
CRMLS_CA | $445,000 |
