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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 799,000

Est. payment -/mo

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Price Dropped by $70K

1166 E Adams BLVD Los Angeles, CA 90011

6 Beds

3 Baths

2,299 SqFt

UPDATED:

10/12/2024 01:32 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,299 sqft

Price per Sqft $347

MLS Listing ID 24436503

Bedrooms 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1905

Lot Size 6,237 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 C42 - Downtown L.A.

Zoning LAR2

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Flooring Laminate

Fireplace No

Exterior

Garage Driveway, Gated, Uncovered

Community Features Gated

Parking Type Driveway, Gated, Uncovered

Total Parking Spaces 5

Building

Faces South

Story 1

Entry Level One

Sewer Sewer Tap Paid

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5119012004

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Special Listing Condition Standard

Listed by Tiffany Sung Park • Keller Williams Larchmont

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

1166 E Adams BLVD Los Angeles, CA 90011

Key Details

Location

Interior

Exterior

Building

Others

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1166 E Adams BLVD