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1166 E Adams Blvd
Los Angeles CA 90011 US

$799,000

Active Listing ID 24-436503
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6 bed
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Lot: 0.14 Acres
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Other

$799,000

Active Listing ID 24-436503
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1166 E Adams Blvd 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.

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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s)
  • Floor Covering: Laminate

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 799000
  • unparsedaddress: 1166 E Adams Blvd
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90011
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1432
  • lotsizeunits: Acres
  • lotsizearea: 0.1432
  • livingarea: 2299
  • livingareaunits: Square Feet
  • latitude: 34.017513
  • longitude: -118.253044
  • listagentfullname: Tiffany Sung Park
  • listagentemail: TiffanyPark@KW.com
  • listagentkey: 3yd-CLAWCA-C112648
  • listagentmlsid: C112648
  • listagentpreferredphone: 3237622600
  • listagentofficephone: 3237622600
  • listofficekey: 3yd-CLAWCA-X74850
  • listofficemlsid: X74850
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1905
  • listingcontractdate: 2024-09-13
  • listagenturl: http://www.kwlarchmont.com
  • countyorparish: Los Angeles
  • parcelnumber: 5119-012-004
  • cooling: Ceiling Fan(s)
  • flooring: Laminate
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 5
  • parkingfeatures: Driveway, Gated
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.253044, 34.017513
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Listing Changed: 11/8/2024 8:55:02 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Tiffany Sung Park, Keller Williams Larchmont, TiffanyPark@KW.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.