125 E Adams, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$1,200,000$7,674/sqft
125 E Adams, Los Angeles, California 90011
0Bed
0Bath
7,674Sqft
7,446Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Ready-to-Issue (RTI) Development Plans: The property comes with approved plans for 8 units, significantly de-risking the development process and saving substantial time and costs associated with planning and permits.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 7674, other record living area = 3269.
Compared to the nearby listings
Price:$1.20M vs avg $699.0K (+$501,000)90%
Size:7,674 sqft vs avg 2,076 sqft97%
Price/sqft:$156 vs avg $3373%
More Insights
Built in 1920 (106 years old).
Condition: The MLS listing explicitly states this is a 'Vacant lot with RTI to construct 3 story, 2 duplex, total 8 units.' The provided image is a rendering of the proposed new construction, not an existing structure. Therefore, there is no habitable property to assess for condition, kitchen, or bathrooms. The property's value is solely based on the land and its potential for redevelopment, aligning with the 'tear-down' criteria, as there is no existing livable structure.
Year Built
1920
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$156
HOA
-
Days on market
-
Sold On
-
MLS number
DW25279613
Home ConditionTear down
Features
View
About this home
Great Opportunity Investors, Vacant lot with RTI to construct 3 story, 2 duplex, total 8 units with 3 Bedroom & 2 Bath each unit. Very convenient location. this site comes RTI (Ready to Issue) with approved plans for 8 units — all that’s left is to pull the permits and start building. Located in a high-demand area of L.A., this is a rare opportunity for investors and developers. DON?'T MISS ?IT!!!!!!.
C
Chris Limon
Listing Agent
Nearby schools
5/10
Dolores Huerta Elementary School
Public,•K-5•0.3mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.7mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
3/10
Trinity Street Elementary School
Public,•K-5•0.9mi
4/10
Norwood Street Elementary School
Public,•K-5•1.0mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.0mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.0mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.2mi
2/10
Harmony Elementary School
Public,•K-5•1.3mi
2/10
John W. Mack Elementary School
Public,•K-5•1.5mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.5mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.6mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.7mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.8mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.0mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.2mi
4/10
John Adams Middle School
Public,•6-8•0.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.6mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.2mi
3/10
George Washington Carver Middle School
Public,•6-8•1.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.9mi
2/10
John Muir Middle School
Public,•6-8•3.0mi
5/10
Santee Education Complex
Public,•9-12•0.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.4mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.4mi
4/10
West Adams Preparatory High School
Public,•9-12•1.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
11/02/22
Sold
$700,000
Condition Rating
Tear down
The MLS listing explicitly states this is a 'Vacant lot with RTI to construct 3 story, 2 duplex, total 8 units.' The provided image is a rendering of the proposed new construction, not an existing structure. Therefore, there is no habitable property to assess for condition, kitchen, or bathrooms. The property's value is solely based on the land and its potential for redevelopment, aligning with the 'tear-down' criteria, as there is no existing livable structure.
Pros & Cons
Pros
Ready-to-Issue (RTI) Development Plans: The property comes with approved plans for 8 units, significantly de-risking the development process and saving substantial time and costs associated with planning and permits.
High-Density Income Potential: Approved for 8 units, each with 3 bedrooms and 2 baths, offering substantial future rental income and a strong return on investment for a residential income property.
Strategic Los Angeles Location: Located in a 'high-demand area of L.A.' with a 'very convenient location' (MLS Area C42 - Downtown L.A.), ensuring strong tenant demand and potential for appreciation.
Desirable Unit Configuration: Each of the 8 planned units features 3 bedrooms and 2 baths, a highly sought-after layout that appeals to a broad range of renters, including families.
Proximity to Quality Schools: Several highly-rated elementary schools (e.g., Dolores Huerta Elementary, San Pedro Street Elementary) and a 5-star high school (Santee Education Complex) are nearby, enhancing appeal for family tenants.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 7674, other record living area = 3269.
Substantial Construction Capital Required: The listed price is for the land only; a significant additional investment will be necessary for the actual construction of the 8 units.
Active Development Management: Despite RTI, the buyer must still pull permits and actively manage the entire construction project, requiring considerable time, expertise, and oversight.
Exposure to Construction Market Risks: The project is vulnerable to potential increases in material costs, labor shortages, and interest rate fluctuations during the construction phase, impacting overall project budget and timeline.