1166 East Adams Boulevard
$799,000
6
3
2,299
2,299
$348
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.
- Listed by Tiffany Sung Park • DRE #01938831 • Brokerage DRE #01364089 • Keller Williams Larchmont
Property Details for 1166 East Adams Boulevard
Zoning
LAR2
Parcel Number5119012004
Total Units3.0
Living Area2299
Source Living AreaEstimated
AreaDowntown L.A. (C42)
Vacancy Rate0
Lot Size Area6236
LISTING UPDATED: 11/06/2024 12:07 PM
Property Details for 1166 East Adams Boulevard
Status | Active |
---|---|
MLS # | 24-436503 |
Days on Market | 71 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1905 |
Lot Size | 0.14 AC / 6,236 SF |
County | Los 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
Property History for 1166 East Adams Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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