1166 E Adams Boulevard
Los Angeles, CA 90011
$70,000.00 (-8.06%)
Active for $799,000
Beds: 6 Baths: 3 Structure Size: 2,299 sqft Lot Size: 6,236 sqft
| MLS | 24436503 |
| Year Built | 1905 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $799,000 |
| Structure Size | 2,299 sqft |
| Lot Size | 6,236 sqft |
| Beds | 6 |
| Baths | 3 |
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 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.
Listing information courtesy of: Tiffany Sung Park, Keller Williams Larchmont 213-248-5985. *Based on information from the Association of REALTORS/Multiple Listing as of 11/21/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Marlin Dginguerian and Associates
REALTORS®
Direct: 818.415.1516
Email: Email Me
DRE: 01930762
DRE #01873088
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