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

$725,000 Sold Price as of 09/15/2023
  • 4 Beds
  • 0 Baths
  • 3,692 Sq.Ft.
Sold
$725,000 Sold Price as of 09/15/2023 Refinance Your Mortgage
Map preview of 217 E Adams Blvd, Los Angeles, CA 90011

Property Overview: 217 E Adams Blvd Los Angeles, CA has 4 bedrooms, -- bathrooms, 3,692 living square feet and 7,447 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: USC IS ONLY 7 MINUTES AWAY!!! Take advantage of this great opportunity of owning an investment in the booming downtown Los Angeles area. In addition to being within walking distance of the Metro Line Station, these units have very easy access to the 110 and 10 Freeway. All units have been fully leased out with long term tenants. The owner has replaced all plumbing, drains, sewer, and water lines and each unit now has its own water, electrical, and gas meter. Very low maintenance is needed to own this wonderful investment. These 4 units are conveniently located near the LA Memorial Coliseum, Staples Center, LA FC Stadium, LA Convention Center, Exposition Park, LAX, Fashion District, California Science Center, the Natural History Museum and so much more! ***Very low expenses, Tenants pay for it's own Water, electric, gas, trash and sewer bill***

Listed by Ariadna Cardenas | BRE #01781010 | Allstars Realty
Last checked: 2 minutes ago | Last updated: September 18th, 2023 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
7,447
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
DW23111847
City
Los Angeles
County
Los Angeles
Time on Site
378 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $965
  • Total Rent: $965
  • Pro Forma/Market Rent: $998
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $834
  • Total Rent: $834
  • Pro Forma/Market Rent: $867
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $803
  • Total Rent: $803
  • Pro Forma/Market Rent: $836
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,160
  • Total Rent: $1,160
  • Pro Forma/Market Rent: $1,210
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $45,144
  • Net Operating Income: $37,244
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,900
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $5,500
  • Trash: $0
  • Insurance: $2,000
  • Maintenance: $400
  • Water/Sewer: $0

Property Details for 217 E Adams Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5127036010
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Main St. and Maple Ave.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 217 E Adams Blvd

Last sold for $725,000 on September 15th, 2023

  • September, 2023

  • Sep 15, 2023

    Date

    Sold

    CRMLS: DW23111847

    $725,000

    Price

  • Jun 22, 2023

    Date

    Active

    CRMLS: DW23111847

    $700,000

    Price

  • January, 2022

  • Jan 31, 2022

    Date

    Withdrawn

    CRMLS: DW20205221

    $925,000

    Price

  • Jul 15, 2021

    Date

    Price Change

    CRMLS: DW20205221

    $925,000

    Price

  • Apr 22, 2021

    Date

    Price Change

    CRMLS: DW20205221

    $965,000

    Price

  • Dec 23, 2020

    Date

    Price Change

    CRMLS: DW20205221

    $975,000

    Price

  • Oct 1, 2020

    Date

    Active

    CRMLS: DW20205221

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    ***HUGE PRICE REDUCTION*** USC IS ONLY 7 MINUTES AWAY!!! Take advantage of this great opportunity of owning an investment in the booming downtown Los Angeles area. In addition to being within walking distance of the Metro Line Station, these units have very easy access to the 110 and 10 Freeway. All units have been fully leased out with long term tenants. The owner has replaced all plumbing, drains, sewer, and water lines and each unit now has its own water, electrical, and gas meter. Very low maintenance is needed to own this wonderful investment. These 4 units are conveniently located near the LA Memorial Coliseum, Staples Center, LA FC Stadium, LA Convention Center, Exposition Park, LAX, Fashion District, California Science Center, the Natural History Museum and so much more! ***Very low expenses, Tenants pay for it's own Water, electric, gas, trash and sewer bill***

  • October, 2015

  • Oct 29, 2015

    Date

    Sold (Public Records)

    Public Records

    $435,000

    Price

  • August, 2015

  • Aug 6, 2015

    Date

    Price Change

    CRMLS: RS15126933

    $555,000

    Price

  • Jul 23, 2015

    Date

    Price Change

    CRMLS: RS15126933

    $640,000

    Price

  • Jul 3, 2015

    Date

    Price Change

    CRMLS: RS15126933

    $675,000

    Price

  • Jun 12, 2015

    Date

    Price Change

    CRMLS: RS15126933

    $718,000

    Price

  • Listing provided courtesy of CRMLS

    !!!!!EXTREME PRICE REDUCTION!!!!!! SELLER WANTS TO SELL NOW!!!!!!!ATTENTION FIRST TIME HOME BUYERS AND INVESTORS!!!!!! Beautiful Four unit complex for sale!!!! This is a great income property occupied for long time tenants with a very good payment history!!!! Just a few blocks from USC, SELLER VERY MOTIVATED AND WILLING TO WORK VACATING ONE OF THE UNITS, they are a very spacious and in good condition units. The owner has done some upgrades to the units. It won't last long on the market!!!!!!!!! The attic has been converted to generate aditional rent!!!!!!

  • January, 2013

  • Jan 16, 2013

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

Show More

Tax History for 217 E Adams Blvd

Assessed Value (2020): $470,857
Year Land Value Improved Value Assessed Value
2020 $270,608 $200,249 $470,857

Home Value Compared to the Market

This property vs the competition

217 E Adams Blvd sold on September 15, 2023 for 45.05% lower 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 $189.6 per/sqft which puts the price per square foot 76.03% lower than the current median sale per square foot for the city of Los Angeles.

About 217 E Adams Blvd

Detailed summary of property

217 E Adams Blvd is a fourplex that recently sold in Los Angeles, CA 90011. This fourplex offered 4 bedrooms, -- bathrooms, roughly 3,692 living square feet, and sits on an approximately 7,447 square foot lot. 217 E Adams Blvd was first listed on ArdentRealEstateGroup.com on June 23, 2023. The homeowner sold the property for $725,000. 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 45.05% lower than the current median priced home. Local homes that are currently for sale include 1623 E 33rd St, 1170 E 46th St and 3217 Morgan Ave. While the average home in Los Angeles, CA is selling in 100 days, 217 E Adams Blvd has a days on market of 42 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 217 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 217 E Adams Blvd

Public county record property details
Beds
5
Baths
3
Year built
1903
Sq. Ft.
3,692
Lot Size
7,447
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5127-036-010

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
$640,000
Median List Price/Sq.Ft.
$486
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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Thinking of Selling?
Call, Text or Message
(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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