1166 E Adams Boulevard
Los Angeles, CA, 90011
$799,000
Beds
0 Baths
SqFt
0.14 Acres
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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
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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

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