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1166 E Adams Blvd, Los Angeles, CA 90011
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1166 E Adams Blvd Los Angeles, CA 90011

$869,000
  • 12 Beds
  • 6 Baths
  • 2,299 Sq.Ft.
For Sale
$869,000 Get Pre-Qualified
Map preview of 1166 E Adams Blvd, Los Angeles, CA 90011

Property Overview: 1166 E Adams Blvd Los Angeles, CA has 12 bedrooms, 6 bathrooms, 2,299 living square feet and 6,236 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Tiffany Sung Park | BRE #01938831 | Keller Williams Larchmont
Last checked: 13 minutes ago | Last updated: September 15th, 2024 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
6,236
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24436503
City
Los Angeles
County
Los Angeles
Time on Site
5 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $26,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $24,000
  • Pro Forma/Market Rent: $26,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $14,400
  • Pro Forma/Market Rent: $24,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $61,200
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1166 E Adams Blvd

No upcoming open houses

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Property Details for 1166 E Adams Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Security Features: Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Gated, Uncovered
Property Information
  • Total # of Units: 3
  • Parcel Number: 5119012004
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On E Adams Blvd, between S Central Ave and Naomi Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1166 E Adams Blvd

Last sold on August 8th, 2019

  • September, 2024

  • Sep 13, 2024

    Date

    Active

    CRMLS: 24436503

    $869,000

    Price

  • July, 2021

  • Jul 26, 2021

    Date

    Expired

    CRMLS: 21698514

    $2,100

    Price

  • Mar 8, 2021

    Date

    Withdrawn

    CRMLS: 21698514

    $2,100

    Price

  • Feb 27, 2021

    Date

    Active

    CRMLS: 21698514

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity or for Big family use. Side by side 2 units, each unit 2 bed 1 bath and fully remodeled and finished in 2019 from top to bottom. New roof, new electricity, new plumbing, new kitchen, new cabinets, plenty of parking spaces, many more. The garage is converted into 2 bed 1 bath as guest house, Office, or recreation room. Can be rented with one of units or separate. Close to 10 and 110 FWY, restaurants, DTLA.

  • June, 2021

  • Jun 26, 2021

    Date

    Expired

    CRMLS: 21697884

    $4,200

    Price

  • Mar 8, 2021

    Date

    Withdrawn

    CRMLS: 21697884

    $4,200

    Price

  • Feb 25, 2021

    Date

    Active

    CRMLS: 21697884

    $4,200

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity or for Big family use. Side by side 2 units, 2bed 1 bath each unit. total 4 bed 2 bath. fully remodeled and finished in 2019 from top to bottom. New roof, new electricity, new plumbing, new kitchen, new cabinets, plenty of parking spaces, many more. Close to 10 and 110 FWY, restaurants, DTLA. Property is fully vacant so there is no analysis to utilities.

  • August, 2019

  • Aug 8, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2019

  • May 26, 2019

    Date

    Expired

    CRMLS: 18410646

    $560,000

    Price

  • Dec 10, 2018

    Date

    Withdrawn

    CRMLS: 18410646

    $560,000

    Price

  • Nov 26, 2018

    Date

    Active

    CRMLS: 18410646

    $560,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment opportunity or owner to occupy one unit and rent out the other. SOLD AS-IS!! Interior has been demolished, repair/renovation has begun which buyer is to complete Repair/Renovation to their liking. Listing price is subject to changes once and when repair/renovation is completed by the seller. Detached garage has been converted into a space with no permit, best suitable for an office or a Recreation room.Please provide POF, Pre Loan Approval Letter with your offer. The Price would be $670,000 once remodel completed end of Dec

  • April, 2019

  • Apr 29, 2019

    Date

    Leased

    CRMLS: 19452042

    $4,200

    Price

  • Apr 5, 2019

    Date

    Active

    CRMLS: 19452042

    $5,500

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity or for Big family use. Side by side 2 units with 2 bed 1 bath guest house fully remodeled and finished in 2019 from top to bottom. New roof, new electricity, new plumbing, new kitchen, new cabinets, plenty of parking spaces, many more. The garage is converted into 2 bed 1 bath as guest house, Office, or recreation room. Can be rented with one of units or separate. Close to 10 and 110 FWY, restaurants, DTLA. Property is fully vacant so there is no analysis to utilities.

  • April, 2019

  • Apr 23, 2019

    Date

    Canceled

    CRMLS: 19452012

    $785,000

    Price

  • Apr 5, 2019

    Date

    Active

    CRMLS: 19452012

    $785,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity. Side by side 2 units with 2 bed 1 bath guest house fully remodeled and finished in 2019 from top to bottom. New roof, new electricity, new plumbing, new kitchen, new cabinets, plenty of parking spaces, many more. Garage is converted into 2 bed 1 bath as guest house, Office, or recreation room. Can be rented with one of units or separate. Close to 10 and 110 FWY, restaurants, DTLA.

  • October, 2018

  • Oct 26, 2018

    Date

    Sold

    CRMLS: 18395312

    $445,000

    Price

  • Oct 16, 2018

    Date

    Pending

    CRMLS: 18395312

    $385,000

    Price

  • Oct 12, 2018

    Date

    Active

    CRMLS: 18395312

    $385,000

    Price

  • Listing provided courtesy of CRMLS

    Great oppourtunity for a family or investor looking for a home in the Downtown Los Angeles area. With a little "TLC" this gem of a property can be yours. Please do not walk on property or disturb the owner.

  • October, 2018

  • Oct 26, 2018

    Date

    Sold (Public Records)

    Public Records

    $445,000

    Price

Show More

Tax History for 1166 E Adams Blvd

Assessed Value (2020): $453,900
Year Land Value Improved Value Assessed Value
2020 $306,000 $147,900 $453,900

Home Value Compared to the Market

This property vs the competition

1166 E Adams Blvd is listed 27.58% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $377.99 per/sqft which puts the price per square foot 50.78% lower than the median price per square foot for the city of Los Angeles.

About 1166 E Adams Blvd

Detailed summary of property

1166 E Adams Blvd is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 12 bedrooms, 6 bathrooms, roughly 2,299 living square feet, and sits on an approximately 6,236 square foot lot. 1166 E Adams Blvd was first listed on ArdentRealEstateGroup.com on September 13, 2024. The homeowner is currently asking $869,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 27.58% lower than the median priced home. Local competing homes currently for sale include 1623 E 33rd St, 3217 Morgan Ave and 876 E 41st Pl. While the average home in Los Angeles, CA is selling in 106 days, 1166 E Adams Blvd has a days on market of 5 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1166 E Adams Blvd Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1166 E Adams Blvd

Public county record property details
Beds
5
Baths
3
Year built
1905
Sq. Ft.
1,654
Lot Size
6,235
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
141
APN
5119-012-004

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$620,000
Median List Price/Sq.Ft.
$532
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
52
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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