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1216 E Adams Blvd, Los Angeles, CA 90011
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1216 E Adams Blvd Los Angeles, CA 90011

$2,040,000 Sold Price as of 02/15/2022
  • 14 Beds
  • 8 Baths
  • 5,190 Sq.Ft.
Sold
$2,040,000 Sold Price as of 02/15/2022 Refinance Your Mortgage
Map preview of 1216 E Adams Blvd, Los Angeles, CA 90011

Property Overview: 1216 E Adams Blvd Los Angeles, CA has 14 bedrooms, 8 bathrooms, 5,190 living square feet and 6,049 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: NEWER CONSTRUCTION (COMPLETED IN 2018), 4 units in two separate buildings, Total 5,190 Sq Ft., The Front duplex are both 3 bedrooms and 2 baths, Rear duplex are both 4 bedrooms and 2.5 baths. 3 Large two car garages with alley access and two on site parking. Great area close to shopping centers, freeway, and USC. All units are separately metered for Water, Gas and electric (paid by tenants). All tenants are stable good tenants who are all current with their rents (Total monthly rents $10,900). Completely Gated with secured windows and new walls. Tiled and Laminated floors, Granite countertops. Great investment, a must see. Please drive by only. interior inspection upon accepted offer and an open escrow. PLEASE DO NOT DISTURB THE TENANTS OR WALK ON THE PROPERTY.

Listed by Mike Hassani | BRE #01309514 | Home Team Realty
Last checked: 3 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
6,049
HOA Dues
$0/mo
Year built
2018
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21788052
City
Los Angeles
County
Los Angeles
Time on Site
1014 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: --
  • Net Operating Income: $110,246
  • Gross Operating Income: $130,800
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $18,638
  • Insurance: $1,916

Property Details for 1216 E Adams Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Smoke Detector(s), Window Bars
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage - Two Door, Assigned, Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5119021014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Central Ave and Adams Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1216 E Adams Blvd

Last sold for $2,040,000 on February 15th, 2022

  • September, 2021

  • Sep 26, 2021

    Date

    Active

    CRMLS: 21788052

    $2,100,000

    Price

  • August, 2021

  • Aug 10, 2021

    Date

    Canceled

    CRMLS: 21763206

    $2,700

    Price

  • Jul 20, 2021

    Date

    Active

    CRMLS: 21763206

    $2,700

    Price

  • Listing provided courtesy of CRMLS

    Just Completed in 2018, 3 bedrooms, 2 baths, 1200-1300 sq ft on a huge lot. Complete separate utilities (Gas, Electric and water meters are separate) in a beautiful street very desirable residential area close to shopping centers and freeways and USC. Completely gated, secured windows. Tiled floors, Laminated floors in bedrooms. Kitchen granite countertops. Very spacious Two car garage Ready to move in.

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: 20628752

    $2,800

    Price

  • Sep 16, 2020

    Date

    Withdrawn

    CRMLS: 20628752

    $2,800

    Price

  • Sep 5, 2020

    Date

    Active

    CRMLS: 20628752

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Newer Construction! Just Completed in 2018, 4 bedrooms, 2.5 baths, 1200-1300 sq ft on a huge lot. Separate utility Meters (Gas, Electric, and water meters are separate) in a beautiful street very desirable residential area close to shopping centers and freeways, and USC. Completely gated, secured windows. Tiled floors, Laminated floors in bedrooms. Kitchen granite countertops.Two-car garage. Ready to move in. Showing Remarks: call listing agent to arrange.

  • February, 2020

  • Feb 1, 2020

    Date

    Expired

    CRMLS: 19534832

    $2,600

    Price

  • Jan 6, 2020

    Date

    Withdrawn

    CRMLS: 19534832

    $2,600

    Price

  • Dec 5, 2019

    Date

    Active

    CRMLS: 19534832

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Newly built in 2018, 3 Bedrooms, 2 full baths, 1200-1300 Sq Ft on a huge lot. In a duplex setting. completely separate with separate entry and separate Utilities (Gas, Electric and Water Meter are all separately metered). In a very desirable street close to shopping centers, freeways, and The USC. completely gated, secured windows. Tiled floors, Laminated floors in bedrooms. Kitchen granite countertops. Two car garage. ready to move in.

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: SB18221253

    $2,750

    Price

  • Sep 18, 2018

    Date

    Withdrawn

    CRMLS: SB18221253

    $2,750

    Price

  • Sep 10, 2018

    Date

    Active

    CRMLS: SB18221253

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Brand New! Just Completed in 2018, 4 bedrooms, 2 1/4 baths, 1400 sq ft on a huge lot. Two Duplexes but each duplex is completely separate with separate entries and separate utilities (Gas, Electric and water meters are separate) in a beautiful street very desirable residential area close to shopping centers and freeways and USC. Completely gated, secured windows. Tiled floors, Laminated floors in bedrooms. Kitchen granite countertops.Two car garages each unit and parking for one unit.Ready to move in.

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: SB18221214

    $2,550

    Price

  • Sep 18, 2018

    Date

    Withdrawn

    CRMLS: SB18221214

    $2,550

    Price

  • Sep 10, 2018

    Date

    Active

    CRMLS: SB18221214

    $2,550

    Price

  • Listing provided courtesy of CRMLS

    Brand New! Just Completed in 2018, 3 bedrooms, 2 baths, 1200-1300 sq ft on a huge lot. Two Duplexes but each duplex is completely separate with separate entries and separate utilities (Gas, Electric and water meters are separate) in a beautiful street very desirable residential area close to shopping centers and freeways and USC. Completely gated, secured windows. Tiled floors, Laminated floors in bedrooms. Kitchen granite countertops.Two car garages each unit and parking for one unit.Ready to move in.

  • October, 2017

  • Oct 24, 2017

    Date

    Sold

    CRMLS: SR17223810

    $408,000

    Price

  • Oct 9, 2017

    Date

    Pending

    CRMLS: SR17223810

    $414,900

    Price

  • Sep 28, 2017

    Date

    Active

    CRMLS: SR17223810

    $414,900

    Price

  • Listing provided courtesy of CRMLS

    This amazing gem has too much to offer! Minutes away from USC this 3 Bedroom 2 Bathroom house offers plenty of PARKING space!! ELECTRIC GATE parking for two large vehicles PLUS a two car GARAGE and ALLEY ACCESS for an additional 3 car parking area. This property is a LARD 1.5 ZONING on a 6,046 Square Foot Lot . UPDATED Kitchen with GRANITE counter tops an TILE flooring throughout living area and kitchen. Built in 1985 with a NEWER ROOF aprox. 1yr. old. Make your appointment today this will move FAST!

  • October, 2017

  • Oct 20, 2017

    Date

    Sold (Public Records)

    Public Records

    $408,000

    Price

  • July, 2000

  • Jul 21, 2000

    Date

    Sold (Public Records)

    Public Records

    $157,000

    Price

Show More

Tax History for 1216 E Adams Blvd

Assessed Value (2020): $1,036,483
Year Land Value Improved Value Assessed Value
2020 $424,483 $612,000 $1,036,483

Home Value Compared to the Market

This property vs the competition

1216 E Adams Blvd sold on February 15, 2022 for 60.91% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $394.99 per/sqft which puts the price per square foot 50.06% lower than the current median sale per square foot for the city of Los Angeles.

About 1216 E Adams Blvd

Detailed summary of property

1216 E Adams Blvd is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 14 bedrooms, 8 bathrooms, roughly 5,190 living square feet, and sits on an approximately 6,049 square foot lot. 1216 E Adams Blvd was first listed on ArdentRealEstateGroup.com on September 26, 2021. The homeowner sold the property for $2,040,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 60.91% higher than the current median priced home. Local homes that are currently for sale include 240 E 60th St, 2005 Magnolia Ave and 1820 W 11th St. While the average home in Los Angeles, CA is selling in 100 days, 1216 E Adams Blvd has a days on market of 49 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1216 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 1216 E Adams Blvd

Public county record property details
Beds
14
Baths
10
Year built
2018
Sq. Ft.
5,178
Lot Size
6,048
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
134
APN
5119-021-014

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
$649,000
Median List Price/Sq.Ft.
$493
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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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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