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1166 Adams Boulevard
Los Angeles, CA 90011
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.
PROPERTY INFORMATION
| MLS # | 24436503 | Lot Size | 6,236 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 799,000
Price Per SqFt: $ 348 |
DOM | 236 Days |
| Address | 1166 Adams Boulevard | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,299 Sq. Ft. |
| Postal Code | 90011 | Garage | N/A |
| County | Los Angeles | Year Built | 1905 |
| Bed / Bath | 6 / 0 | Parking | 5 |
| Built In | 1905 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Flooring Information | Laminate |
| InteriorFeatures Information | Ceiling Fan(s) |
| SecuritySafety | Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $852
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/13/2024 | Listed | $869,000 |
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Listing provided courtesy of Tiffany Sung Park, Keller Williams Larchmont. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
