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1853 W Adams Blvd, Los Angeles, CA 90018
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1853 W Adams Blvd Los Angeles, CA 90018

$1,225,000 Sold Price as of 05/24/2019
  • 16 Beds
  • 16 Baths
  • 4,752 Sq.Ft.
Sold
$1,225,000 Sold Price as of 05/24/2019 Refinance Your Mortgage
Map preview of 1853 W Adams Blvd, Los Angeles, CA 90018

Property Overview: 1853 W Adams Blvd Los Angeles, CA has 16 bedrooms, 16 bathrooms, 4,752 living square feet and 6,650 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Priced to sell! Excellent Four Plex income property for investors who are looking for a nice cash flow with more upside rent potential! This 4-unit residential income property is in a prime location only minutes away from USC, Downtown, and Korea Town. Easy access to the 10 & 110 FWY. Currently, TWO units have been completely remodeled and ready for new tenants at $2300 per unit, $4600 total. The projected income from all four units (2 existing and 2 new lease) would be around $82,800 of annual gross rent, which already at 5.3+% Cap! and it still has huge upside rent potential from the other two units that are paying under market rent. Amazing and rare find opportunity for savvy investors who are seeking for a great potential yet safe investment in income and property value. Commercial zoning for this property (LAC1) allows for many commercial uses. The total building size is 4,752 sq.ft, very spacious units each about 1200 sq.ft. on a 6,650 sq.ft. lot and 6 parking spaces.

Listed by Jung Lee | BRE #02015973 | Keller Williams Larchmont
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,650
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19447714
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $2,359
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,059
  • Total Rent: --
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Improvements Total: $101,219
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1853 W Adams Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5058020013
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
Location / Neighborhood
Location Information
  • Directions: East of Western Ave, Adams Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1853 W Adams Blvd

Last sold on July 11th, 2019

  • October, 2020

  • Oct 21, 2020

    Date

    Expired

    CRMLS: 20572008

    $1,395,000

    Price

  • May 11, 2020

    Date

    Withdrawn

    CRMLS: 20572008

    $1,395,000

    Price

  • Apr 20, 2020

    Date

    Active

    CRMLS: 20572008

    $1,395,000

    Price

  • Listing provided courtesy of CRMLS

    1853 W ADAMS BLVD IS A GREAT 4-UNIT RESIDENTIAL INCOME PROPERTY LOCATED IN WEST ADAMS.PRIME LOCATION ONLY MINUTES FROM DOWNTOWN LOS ANGELES,USC,CULVER CITY AND KOREA TOWN.EASY ACCESS TO THE 10 FWY.

  • July, 2019

  • Jul 11, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2019

  • May 24, 2019

    Date

    Sold

    CRMLS: 19447714

    $1,225,000

    Price

  • May 14, 2019

    Date

    Pending

    CRMLS: 19447714

    $1,249,000

    Price

  • Apr 18, 2019

    Date

    Active Under Contract

    CRMLS: 19447714

    $1,249,000

    Price

  • Mar 26, 2019

    Date

    Active

    CRMLS: 19447714

    $1,249,000

    Price

  • May, 2019

  • May 23, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,225,000

    Price

  • May, 2019

  • May 1, 2019

    Date

    Expired

    CRMLS: PF19024765

    $1,250,000

    Price

  • Mar 21, 2019

    Date

    Withdrawn

    CRMLS: PF19024765

    $1,250,000

    Price

  • Mar 15, 2019

    Date

    Hold

    CRMLS: PF19024765

    $1,250,000

    Price

  • Feb 26, 2019

    Date

    Price Change

    CRMLS: PF19024765

    $1,250,000

    Price

  • Feb 26, 2019

    Date

    Active

    CRMLS: PF19024765

    $1,200,000

    Price

  • Feb 19, 2019

    Date

    Hold

    CRMLS: PF19024765

    $1,200,000

    Price

  • Feb 4, 2019

    Date

    Active

    CRMLS: PF19024765

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Priced to sell! It won’t last! Excellent Four Plex income property for investors who are looking for a nice cash flow with more upside rent potential! This 4-unit residential income property is in a prime location only minutes away from University of Southern California (USC), Downtown, and Korea Town. Easy access to the 10 & 110 FWY. Currently, TWO units have been completely remodeled and ready for new tenants at $2300 per unit, $4600 total. The projected income from all four units (2 existing and 2 new lease) would be $82,800 of annual gross rent, which already at 5.3+% Cap! and it still has huge upside rent potential from the other two units that are paying under market rent. Rare find opportunity for savvy investors who are seeking for a great potential yet safe investment in income and property value. While making positive cash flow as current projection, market value rent could be as high as $110,400 annum. Commercial zoning for this property (LAC1) allows for many commercial uses such as retail stores, clinics and offices/businesses. The total building size is 4,752 sq.ft, very spacious units each about 1200 sq.ft. on a 6,650 sq.ft. lot. The building consist of two 2-bed/1.5 bath, one 2 bed + Den/2 bath, one 1-bed+Den/1.5 bath with 6 parking spaces(Gated). 3 units have laundry hookup, All units are separately metered for electric & gas, Very easy maintenance.

  • April, 2019

  • Apr 22, 2019

    Date

    Expired

    CRMLS: PF19039797

    $2,100

    Price

  • Mar 19, 2019

    Date

    Withdrawn

    CRMLS: PF19039797

    $2,100

    Price

  • Mar 2, 2019

    Date

    Price Change

    CRMLS: PF19039797

    $2,100

    Price

  • Feb 22, 2019

    Date

    Active

    CRMLS: PF19039797

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Totally renovated large 1 Bed plus Den/ 1 full bath plus 1/2 bath unit. Conveniently built & designed to share with roommates. Located close to Downtown, USC, Koreatown. 1 assigned parking spaces. Pets are approved for potty trained only. Easy showing. Short-term lease option available.

  • April, 2019

  • Apr 21, 2019

    Date

    Expired

    CRMLS: PF19039398

    $2,400

    Price

  • Mar 19, 2019

    Date

    Withdrawn

    CRMLS: PF19039398

    $2,400

    Price

  • Mar 2, 2019

    Date

    Price Change

    CRMLS: PF19039398

    $2,400

    Price

  • Feb 22, 2019

    Date

    Active

    CRMLS: PF19039398

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Totally renovated large (1200 sq.ft) 2 Bed/2 Bath unit. Conveniently built & designed to share with roommates. Located close to Downtown, USC, Koreatown. 2 assigned parking spaces. Pets are approved for potty trained only. Easy showing. Short-term lease option available . https://youtu.be/mG1jAjp9oKY

  • November, 2018

  • Nov 21, 2018

    Date

    Canceled

    CRMLS: AR18225783

    $1,100,000

    Price

  • Nov 20, 2018

    Date

    Withdrawn

    CRMLS: AR18225783

    $1,100,000

    Price

  • Sep 15, 2018

    Date

    Active

    CRMLS: AR18225783

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Growth Investment Group is proud to present 1853 W Adams Blvd, a 4-unit residential income property built in 1913 located in the city of Los Angeles. This property is located in a prime area just minutes away from the University of Southern California (USC), LA Convention Center, Staples Center, LA Live, and California Science Center. This property is also located in a convenient location with easy access to the 10 FWY and 110 FWY. The units are 100% occupied and is perfect for a value-add investor looking to acquire an investment property and increase its income potential. 1853 W Adams Blvd offers a superb unit mix of (1) 1B+2B and (3) 2B +2B. The total size of the building is 4,752 square feet and the total lot size is 6,650 square feet. Commercial zoning for this property (LAC1) allows for many commercial uses such as banks, clubs, hotels, child care, parking areas, retail stores, offices or businesses, and clinics. This property has a gated entrance with 6 individual parking spaces and individual meters for both gas and electricity.

  • September, 2018

  • Sep 1, 2018

    Date

    Expired

    CRMLS: 18349968

    $1,199,000

    Price

  • Jul 10, 2018

    Date

    Price Change

    CRMLS: 18349968

    $1,199,000

    Price

  • Jun 1, 2018

    Date

    Active

    CRMLS: 18349968

    $1,260,000

    Price

  • Listing provided courtesy of CRMLS

    Huge Price Reduction! Beautiful 4 unit building in a commercial zone with great potential for a smart and savvy investor. Located in a commercially growing area. There are not enough commercial spaces for lease available in this area, so it is in high demand. It can be used as a residential property or as a commercial building for even higher commercial rental income. The property is well maintained. 6 parking spots available. The building is high quality, strong. It has full of characters, but is not designated as HPOZ. It is quiet and peaceful inside. It has high ceilings with beautiful ceiling moldings. It has 4 separate gas and electric lines, and one water meter. The building has new exterior paint. The property just passed housing inspection. The property is sold "as-is". Please do not disturb the tenants. Drive-by only. Close to USC, Downtown, Koreatown, Hancock Park, Silver Lake, Hollywood, and Larchmont Village. Santa Monica Beach is only 15 minutes awa

  • January, 2018

  • Jan 26, 2018

    Date

    Sold

    CRMLS: PW17272992

    $1,000,000

    Price

  • Dec 28, 2017

    Date

    Active Under Contract

    CRMLS: PW17272992

    $959,999

    Price

  • Dec 12, 2017

    Date

    Active

    CRMLS: PW17272992

    $959,999

    Price

  • Listing provided courtesy of CRMLS

    Calling all Investors for this great 4Plex situated in a great location near USC, Mt St Mary University, and close to Downtown LA. This property has Three Units with 2 bedrooms and 1.5 bath each and One Unit has 1 Large Bedroom and 1.5 bath. 7 Carports are located in the back with a Storage Unit. Submit your offer subject to Inspection. Nice & clean unit very visible from the street.

  • November, 2017

  • Nov 1, 2017

    Date

    Expired

    CRMLS: SR16720549

    $999,999

    Price

  • Feb 15, 2017

    Date

    Price Change

    CRMLS: SR16720549

    $999,999

    Price

  • Oct 7, 2016

    Date

    Active

    CRMLS: SR16720549

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Price Reduction, Good investment opportunity,. Two story Four Plex, all rented. Located on a rent control area, close to the coliseum, parks, school and shopping area. Each unit are 2 Br. 1.5 Bath, the complex have a total of 7 parking spaces and a Shed that is use for storage and bring additional income. Property also have a basement. Total rent income is $4,875.00 per month.

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Tax History for 1853 W Adams Blvd

Assessed Value (2020): $1,249,500
Year Land Value Improved Value Assessed Value
2020 $937,380 $312,120 $1,249,500

Home Value Compared to the Market

This property vs the competition

1853 W Adams Blvd sold on May 24, 2019 for 11.52% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $262.84 per/sqft which puts the price per square foot 63.7% lower than the current median sale per square foot for the city of Los Angeles.

About 1853 W Adams Blvd

Detailed summary of property

1853 W Adams Blvd is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 4,752 living square feet, and sits on an approximately 6,650 square foot lot. 1853 W Adams Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,225,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.52% higher than the current median priced home. Local homes that are currently for sale include 2242 W 29th St, 1520 W 37th St and 1261 W 35th Pl. While the average home in Los Angeles, CA is selling in 106 days, 1853 W Adams Blvd has a days on market of 21 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 1853 W Adams Blvd Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1853 W Adams Blvd

Public county record property details
Beds
7
Baths
8
Year built
1913
Sq. Ft.
4,752
Lot Size
6,650
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5058-020-013

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,800
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,040,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
62
Median Sale to List Price %
104.1%
Avg Days on Market
38
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

Thinking of Selling?

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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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