1166 East Adams Boulevard

Los Angeles, CA 90011

$799,000
Price
6
Beds
3
Baths
2,299 Sq. Ft.
$348 / Sq. Ft.
2,299
Sq. Ft.
$348
per Sq. Ft.

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...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.
  1. Listed by Tiffany Sung Park • DRE #01938831 • Brokerage DRE #01364089 • Keller Williams Larchmont

Property Details for 1166 East Adams Boulevard

Zoning
LAR2
Parcel Number
5119012004
Total Units
3.0
Living Area
2299
Source Living Area
Estimated
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
6236
LISTING UPDATED: 11/06/2024 12:07 PM

Property Details for 1166 East Adams Boulevard

StatusActive
MLS #24-436503
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.14 AC / 6,236 SF
CountyLos Angeles County

Building Information for 1166 East Adams Boulevard

Stories1Residences-Year Built1905Building Size-Lot Size0.14 AC / 6,236 SF

Property Information for 1166 East Adams Boulevard

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
  • Water: Meter on Property
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is, Seller/Owner/Principal RE Licensed
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Actual Gross Annual Income: $0
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1432
  • Lot Size Square Feet: 6236
  • Lot Description: Fenced
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Driveway, Gated, Uncovered
  • Total Parking: 5
  • Parking Features: Driveway, Gated, Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Ceiling Fan, Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Other, Wall
  • Flooring: Laminate
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-13-2024
  • Tenant Pays: Gas, Electricity, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,164.00
  • Unit Actual Rent: $25,968.00
  • Unit Projected Rent: $27,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,164.00
  • Unit Actual Rent: $25,968.00
  • Unit Projected Rent: $27,600.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $24,000.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $168,187.00
  • Assessed Improvement Percent: 34.19
  • Assessed Land Value: $323,761.00
  • Assessed Land Percent: 65.81
  • Assessed Total Value: $491,948.00

Property History for 1166 East Adams Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1166 East Adams Boulevard

Taxable ValueLand$330,236Additions$171,550Total$501,786
Tax Record2024$6,434 ($536 / month)
Home Facts
Total Finished SqFt1,654 SqFtAbove Grade Finished SqFt1,654 SqFtLot Size6,236 SqFtStyleDuplexYear Built1905ZoningLAR2CountyLOS ANGELESAPN5119-012-004

Schools near 1166 East Adams Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Nevin Avenue Elementary School
PublicK to 5

Nava College Preparatory Academy
Public9 to 12

Santee Education Complex
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1166 East Adams Boulevard is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on September 13, 2024 by Keller Williams Larchmont, it's currently listed at $799,000. It has been on the market for a total of 58 days and was last sold on October 26, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Nevin Avenue Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Nava College Preparatory Academy. 1166 East Adams Boulevard is a 6-bed, 3-bath, 2,299 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Larchmont, Tiffany Sung Park, DRE #01938831

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.