1335 1337 E Adams Boulevard, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$1,999,000
1335 1337 E Adams Boulevard, Los Angeles, California 90011
0Bed
0Bath
4,266Sqft
6,743Lot
Year Built
1941
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
FR24244366
Home ConditionFair
Features
Good View: Neighborhood
ViewNeighborhood
About this home
INCOME-GENERATING 4-PLEX Property Address: 1335 E Adams Blvd, Los Angeles, CA 90011 Property Overview: This unique 4-plex offers two buildings with four income-producing units, located in a highly desirable area near USC, Crypto Arena, the LA Convention Center, and downtown Los Angeles. Front Building: Unit 1: 4 Bedrooms, 1 Bath – Currently rented for $1,700/month Unit 2: 4 Bedrooms, 2 Baths – Currently rented for $1,720/month ?? Rent Opportunity: Current rents are significantly below market rates, providing ample room for growth. Back Building (Remodeled in 2022): Unit 1: 3 Bedrooms, 1 Bath – Rented at $2,500/month Unit 2: 3 Bedrooms, 1 Bath – Rented at $2,500/month Seller/creative financing available
Nearby schools
4/10
Nevin Avenue Elementary School
Public,•K-5•0.3mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.4mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.7mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.7mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.7mi
2/10
Harmony Elementary School
Public,•K-5•0.9mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.1mi
2/10
Hooper Avenue Elementary School
Public,•1-5•1.4mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.4mi
2/10
Holmes Avenue Elementary School
Public,•K-6•1.5mi
2/10
Aurora Elementary School
Public,•K-5•1.5mi
5/10
Lillian Street Elementary School
Public,•K-6•2.1mi
5/10
Estrella Elementary School
Public,•K-5•2.3mi
5/10
Pacific Boulevard School
Public,•K-5•2.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.0mi
3/10
George Washington Carver Middle School
Public,•6-8•1.1mi
6/10
Vernon City Elementary School
Public,•K-7•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.9mi
3/10
Thomas A. Edison Middle School
Public,•6-8•2.4mi
3/10
Henry T. Gage Middle School
Public,•6-8•3.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.5mi
5/10
Santee Education Complex
Public,•9-12•1.1mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.6mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.7mi
4/10
Huntington Park Senior High School
Public,•9-12•2.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.4mi
Price History
Date
Event
Price
05/26/06
Sold
$760,000
08/15/00
Sold
$161,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 4,266 | 1,988 | 96% |
| Lot Size | 6,743 | 5,364 | 84% |
| Price | $2M | $710K | 96% |
| Price per square foot | $469 | $349 | 84% |
| Built year | 1941 | 1923 | 76% |
| HOA | |||
| Days on market | 335 | 167 | 92% |
Condition Rating
Fair
The property was built in 1941. While one building was remodeled in 2022, the images show that the kitchens and bathrooms in at least some of the units are outdated. The appliances appear to be older models, and the overall style is dated. The property requires minor updates or repairs to bring it up to modern standards.
Pros & Cons
Pros
Income Potential: The property is an income-generating 4-plex with existing rental income from all units.
Location: Located in a desirable area near USC, Crypto Arena, the LA Convention Center, and downtown Los Angeles, offering convenient access to amenities and attractions.
Value Add Opportunity: Current rents are significantly below market rates, providing ample room for rent increases and increased income.
Cons
Property Age: The property was built in 1941, which may require ongoing maintenance and potential upgrades.
Below Market Rent: The front building units are rented at below market value.