1503 1/2 W Adams, Los Angeles, California 90007, Los Angeles, 90007 - 0 bed, 0 bath
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Los Angeles, California 90007
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $1,200,000—positioned well below the $1,245,775 Fair Market Value by 3%. This valuation gap offers $45,775 in Instant Equity. With a Condition Rating of 3, the property features modern 1997 construction, refreshed interiors, and four dedicated parking spaces. Its central location and functional 3-bedroom layouts ensure strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing asset in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1503 1/2 W Adams Subject | $1,200,000* List Price | 0 | 0 | 3,088 | $403 | - |
A 1241 W 22nd Street Sold | $899,000 | 0 | 0 | 2,946 | $305 | 0.6 mi |
B 1340 1342 W 25th Sold | $975,000 | 0 | 0 | 1,954 | $499 | 0.3 mi |
C 1519 W 29th Active | $1,150,000 List Price | 0 | 0 | 2,550 | $451 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997, this property is well-maintained and functional. While over 20 years old, recent cosmetic updates including refreshed interior paint, new flooring, and updated lighting make it move-in ready. Kitchens and bathrooms are functional but show some age in cabinetry and fixtures, and the presence of window AC units suggests older mechanical systems.
Built in 1997, this duplex offers a more contemporary infrastructure compared to the area's older housing stock, featuring spacious 3-bedroom, 2-bathroom units that appeal to both families and student renters.
The property features recent cosmetic refreshments, including new interior paint, modern flooring, and updated lighting, allowing for immediate occupancy or rental without significant upfront renovation costs.
With a long driveway accommodating four parking spaces and individual indoor laundry hookups for each unit, the property addresses two of the most critical pain points for Los Angeles tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3088, other record living area = 1200.
The lot is primarily utilized for the building footprint and parking, leaving minimal private yard or green space for tenants, which may affect long-term desirability for families.
Situated in a high-demand, centrally located area, the property may experience increased noise levels and traffic congestion typical of the Metropolitan Southwest Los Angeles region.
Excellent duplex opportunity in the heart of Los Angeles! Located at 1503 W. Adams Blvd, this income-producing property features two spacious units, each offering 3 bedrooms and 2 bathrooms. Ideal for an owner-user looking to live in one unit and generate rental income from the other or for an investor seeking a strong income-producing property in a high-demand area. Both units offer generous open-concept living and dining areas, functional kitchens with ample cabinet and countertop space, and well-sized bedrooms. Recent updates include refreshed interior paint, modern neutral finishes, updated lighting, and attractive flooring that creates a bright and inviting feel throughout. The property also features a long driveway leading to four parking spaces and storage shed. Each unit also features its own indoor washer and dryer hookups, providing added comfort and functionality for tenants or owner-occupants. Centrally located with easy access to shopping, dining, schools, parks, public transportation, and major freeways, this property offers convenience and excellent rental appeal. Don't miss this fantastic opportunity to own a versatile duplex in a prime Los Angeles location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,088 | 2,250 |
| Lot Size | 5,402 | 5,864 |
| Price | $1.20M | $826.7K |
| Price per sq ft | $389 | $395 |
| Built year | 1997 | 1925 |
| HOA | $0 | $0 |
| Days on market | 14 | 83 |
Jul 8, 2026
$1,200,000
Initial Listing
Jul 29, 2004
$600,000
Public Record
Jun 3, 1997
$235,000
Public Record