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 Details
Price:
$799,000
MLS #:
24436503
Status:
Active Under Contract
Baths:
0
Address:
1166 E Adams Boulevard
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Sep 13, 2024
State:
CA
ZIP:
90011
Lot Size:
6,236 sqft / 0.14 acres (approx)
Year Built:
1905
See this Listing
Mortgage Calculator
Schools
Interior
Flooring
Laminate
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Driveway, Gated, Uncovered
Parking Spots
5.00
Security Features
Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Sewer Paid
Stories Total
1
Financial
Tenant Pays
Gas, Electricity, Trash Collection, Water
Map
Community
- Address1166 E Adams Boulevard Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
Similar Listings Nearby
- 128 N Alvarado Street
Los Angeles, CA$1,030,000
3.57 miles away
- 1709 Sichel Street
Los Angeles, CA$1,030,000
3.83 miles away
- 705 W 41st Drive
Los Angeles, CA$1,029,000
1.98 miles away
- 914 W 41st Street
Los Angeles, CA$1,025,000
2.23 miles away
- 2120 Sheridan Street
Los Angeles, CA$1,019,999
3.42 miles away
- 4231 Walnut Street
Bell, CA$1,000,000
4.75 miles away
- 4124 Clara Street
Cudahy, CA$1,000,000
4.85 miles away
- 843 N Gage Avenue
Los Angeles, CA$1,000,000
4.36 miles away
- 2819 E 3rd Street
Los Angeles, CA$1,000,000
3.10 miles away
- 200 N Reno Street
Los Angeles, CA$1,000,000
4.13 miles away
Courtesy of Keller Williams Larchmont. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1166 E Adams Boulevard
Los Angeles, CA
LIGHTBOX-IMAGES