1321 E Adams, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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1321 E Adams
Los Angeles, California 90011
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,337Sq Ft
6,747Lot Size
Property Price
LIST PRICE$1,200,000
EST. MARKET VALUE
$1,339,584
10% BelowMARKET VALUE
SUMMARY
This Quadruplex Residential Income property represents a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,339,585 Fair Market Value by 10%. This valuation gap provides $139,585 in Instant Equity. With a Condition Rating of 5, the 3,337 sqft structure requires significant system overhauls, offering a clear path for forced appreciation. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage house-hacking strategies in a high-demand urban rental market.
Estimated Market Value
$1,339,584+$139,584 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1321 E Adams Subject 0 bd · 0 ba · 3,337 sqft · $401 | $1,200,000* List Price | 0 | 0 | 3,337 | $401 | - |
A 427 E 25th Street Sold 0 bd · 0 ba · 2,660 sqft · $461 · 1.0 mi | $1,225,000 | 0 | 0 | 2,660 | $461 | 1.0 mi |
B 1237 E 28th Active 0 bd · 0 ba · 3,070 sqft · $277 · 0.2 mi | $850,000 List Price | 0 | 0 | 3,070 | $277 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1900 (>30 years old) with no mention of recent renovations. Exterior shows dated electrical meters, window AC units indicating a lack of central HVAC, and signs of deferred maintenance. The property likely requires significant system overhauls and interior rehab to address safety and structural standards for a 124-year-old structure.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a quadruplex, this property offers significant rental income opportunities or a 'house-hacking' scenario where an owner-occupant can offset their mortgage with rents from the other three units.
- Substantial Living Space
With over 3,300 square feet of living space on a generous 6,747 square foot lot, the property provides a solid footprint for a multi-family investment in the Los Angeles market.
- Strategic Investment Opportunity
Positioned as an excellent investment vehicle, the property allows for high density in a central urban location, catering to the high demand for rental housing in Los Angeles.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3337, other record living area = 3293.
- Historic Age
Originally constructed in 1900, the property may require significant capital expenditure for maintenance, structural updates, or modernization to meet current building codes.
- Local School Ratings
The immediate vicinity is served by several schools with lower performance ratings, which may limit the appeal for long-term family tenants and impact future resale value.
About 1321 E Adams
EXCELLENT INVESTMENT TO RENT THEM OUT OR TO LIVE AND PAY PENNIES
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1900
- Lot Size
- 6,747 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Nevin Avenue Elementary School
Grades K-5 • 0.4 mi
4/10
Twentieth Street Elementary School
Grades K-5 • 0.4 mi
5/10
Quincy Jones Elementary School
Grades K-5 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.7 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,337 | 2,148.648 |
| Lot Size | 6,747 | 5,855.757 |
| Price | $1.20M | $831.8K |
| Price per sq ft | $360 | $387 |
| Built year | 1900 | 1928 |
| HOA | $0 | $0 |
| Days on market | 10 | 87 |
Pricing History
Listed for Sale
Oct 14, 2026
$1,200,000
Initial Listing
Sold
Mar 15, 2002
$279,000
Public Record
Sold
Dec 22, 2000
$218,000
Public Record