1503 W Adams, Los Angeles, California 90007, Los Angeles, 90007 - 6 bed, 4 bath
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1503 W Adams
Los Angeles, California 90007
ACTIVE
CONDITION: GOOD
6Beds
4Baths
3,088Sq Ft
5,402Lot Size
Property Price
LIST PRICE$1,125,000
EST. MARKET VALUE
$964,087
16% AboveMARKET VALUE
SUMMARY
This Residential Income Duplex is a High-Potential Investment Opportunity, listed at $1,175,000—positioned above the $981,281 Fair Market Value. While priced at a premium, the property is Delivered Vacant, allowing for immediate market-rate leasing or owner-occupancy. Featuring a Condition Rating of 3, the units offer modern finishes and a functional 3-bedroom, 2-bathroom layout. Its central location and recent cosmetic updates provide strong rental appeal in a high-demand area. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey income-producing property.
Estimated Market Value
$964,087
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 |
|---|---|---|---|---|---|---|
★ 1503 W Adams Subject | $1,125,000* List Price | 6 | 4 | 3,088 | $312 | - |
A 1241 W 22nd Street Sold | $899,000 | 0 | 0 | 2,946 | $305 | 0.6 mi |
B 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1997, the property falls into the 10-20+ year range but has received recent cosmetic renovations including refreshed interior paint, updated lighting, and new flooring. The kitchens and bathrooms are functional and well-maintained, making the units move-in ready for tenants or an owner-user.
PROSSTRENGTHS & OPPORTUNITIES
- Delivered Vacant
The property is delivered vacant, providing a rare opportunity for an owner-user to move in immediately or for an investor to secure market-rate tenants without the constraints of existing lease agreements.
- Modern Construction & Layout
Built in 1997, this duplex is significantly newer than most area inventory, featuring a highly desirable 3-bedroom, 2-bathroom configuration in each unit with spacious open-concept living areas.
- Turnkey Condition
Recent updates including refreshed interior paint, modern neutral finishes, and updated flooring make this property move-in ready, reducing the need for immediate post-close capital expenditures.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3088, other record living area = 1200. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
- Premium Pricing
At a list price of $1,175,000, the property is positioned at a premium that may require high rental yields to satisfy investors looking for aggressive capitalization rates in the current market.
- Limited Outdoor Amenity Space
With the building footprint and a long driveway accommodating four parking spaces on a 5,402 sqft lot, there is very little private yard or green space available for tenant recreation.
About 1503 W Adams
***DELIVERED VACANT*** 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!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1997
- Lot Size
- 5,402 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,088 | 2,187.451 |
| Lot Size | 5,402 | 5,841.385 |
| Price | $1.12M | $841.5K |
| Price per sq ft | $364 | $385 |
| Built year | 1997 | 1928 |
| HOA | $0 | $0 |
| Days on market | 33 | 85 |
Pricing History
Listed for Sale
Aug 14, 2026
$1,125,000
$1,175,000
-4% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$1,175,000
Initial Listing
Sold
Jul 29, 2004
$600,000
Public Record
Sold
Jun 3, 1997
$235,000
Public Record