1335 1337 E Adams Boulevard, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$1,999,000$4,266/sqft
1335 1337 E Adams Boulevard, Los Angeles, California 90011
0Bed
0Bath
4,266Sqft
6,743Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income-Generating Asset: This 4-plex offers four income-producing units, providing a consistent revenue stream for investors in a high-demand urban market.
Top Cons:
Age of Front Building & Potential Deferred Maintenance: Built in 1941, the front building (and overall property) is quite old, and with only the back building remodeled, the front units likely require substantial updates to maximize rent potential and address aging infrastructure.
Compared to the nearby listings
Price:$2.00M vs avg $699.0K (+$1,300,000)97%
Size:4,266 sqft vs avg 2,076 sqft97%
Price/sqft:$469 vs avg $34083%
More Insights
Built in 1941 (85 years old).
Condition: The property, built in 1941, presents a mixed condition. While the back building (two units) was remodeled in 2022, featuring updated tile flooring, painted cabinets, and basic white appliances, these renovations are more cosmetic and functional for rental purposes rather than high-end. The front building (two units) is unrenovated, and its significantly below-market rents suggest a need for substantial updates. The overall property is aged, with 83-year-old underlying infrastructure, and while half has seen recent upkeep, the other half likely requires significant rehabilitation, balancing the score to 'Fair'.
Year Built
1941
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$469
HOA
-
Days on market
-
Sold On
-
MLS number
FR24244366
Home ConditionFair
Features
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
B
Brian Dombroski
Listing Agent
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
08/15/00
Sold
$161,000
05/26/06
Sold
$760,000
Condition Rating
Fair
The property, built in 1941, presents a mixed condition. While the back building (two units) was remodeled in 2022, featuring updated tile flooring, painted cabinets, and basic white appliances, these renovations are more cosmetic and functional for rental purposes rather than high-end. The front building (two units) is unrenovated, and its significantly below-market rents suggest a need for substantial updates. The overall property is aged, with 83-year-old underlying infrastructure, and while half has seen recent upkeep, the other half likely requires significant rehabilitation, balancing the score to 'Fair'.
Pros & Cons
Pros
Strong Income-Generating Asset: This 4-plex offers four income-producing units, providing a consistent revenue stream for investors in a high-demand urban market.
Significant Rent Upside Potential: Two units in the front building are explicitly noted as being rented 'significantly below market rates,' presenting a clear opportunity for immediate rent increases and enhanced cash flow.
Prime Urban Location: Strategically located near USC, Crypto Arena, the LA Convention Center, and downtown Los Angeles, ensuring strong rental demand and potential for property value appreciation.
Recently Remodeled Units: The back building, comprising two units, was remodeled in 2022, suggesting modern finishes and reduced immediate capital expenditure for those units.
Flexible Financing Options: The availability of 'Seller/creative financing' can be a significant advantage, potentially offering more favorable terms or easing the acquisition process for buyers.
Cons
Age of Front Building & Potential Deferred Maintenance: Built in 1941, the front building (and overall property) is quite old, and with only the back building remodeled, the front units likely require substantial updates to maximize rent potential and address aging infrastructure.
Suboptimal Current Cash Flow: While offering upside, the 'significantly below market rates' for two units means the property is not currently performing at its full income potential, requiring active management and investment to achieve higher returns.
Lack of Specifics on Parking/Amenities: The property description does not detail parking availability or other tenant amenities, which can be a critical factor for multi-unit properties in a dense urban environment like Los Angeles.