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1329 E ADAMS BLVD Los Angeles, CA 90011
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Key Details
Sold Price $1,285,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,784 sqft
Price per Sqft $268
MLS Listing ID 22-133959
Sold Date 06/16/22
Bedrooms 9
Year Built 1940
Lot Size 6,750 Sqft
Property Sub-Type Multi-Family
Property Description
LOW cost of entry into multifamily. Cash flowing property for first time investor or local apartment owner looking to add to their portfolio. 1329 E Adams blvd is a 7-unit Multi-family asset located in South Los Angeles. The property boasts a desirable unit mix of one(1)three-bedroom, and six(6) one-bedroom units. 1329 E Adams Blvd consists of two separate building structures totaling 4,784 square feet sitting on a 6,750 square foot lot. There is ample parking with 7 on site parking spots. This asset commands strong cash flow but still has 49% upside in the currents rents. This area just south of Downtown L.A. has been seeing an influx of development as investors push south from Downtown and north from USC. Please do not disturb the tenants. All showings will be subject to an accepted offer.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LARD1.5
Rooms
Other Rooms Shed(s)
Interior
Heating Other, Wall Gas
Cooling Wall/Window, Other
Equipment Other
Exterior
Parking Features Assigned
Garage Spaces 7.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with RE/MAX One