$869,000
Active
19 Days Online
6 Beds3 Baths2,299 SQFT
Active

1166 E Adams Boulevard Los Angeles, CA 90011

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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 TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site18 Days
  • MLS StatusActive
  • MLS ID Number24436503
  • Home Size Source Estimated
  • Year Built1905
  • Lot Size0.1432 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking DrivewayGatedUncovered
  • Parking Spaces 5
  • Number of Stories 11
  • Acreage 0.1432
  • Security Gated CommunityCarbon Monoxide Detector(s)Smoke Detector(s)
  • Zoning LAR2
  • Listing Conditions Standard
  • Property Condition Updated/ Remodeled
  • Direction Faces South

Interior Features

  • Heating Wall Furnace
  • Flooring Laminate
  • Interior Ceiling Fan(s)

Community Features

  • Senior Community No
  • MLS Area C42 - Downtown L.A.
  • Security Features Gated CommunityCarbon Monoxide Detector(s)Smoke Detector(s)

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Monthly Payment (Est.)

$4,204
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