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1329 E ADAMS BLVD Los Angeles, CA 90011
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Key Details
Sold Price $1,285,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22133959
Sold Date 06/16/22
HOA Y/N No
Year Built 1940
Lot Size 6,751 Sqft
Property Description
LOW cost of entry into multifamily. Cash flowing property for first time investor or local apartment owner looking to add to their portfolio. 1329 E Adams blvd is a 7-unit Multi-family asset located in South Los Angeles. The property boasts a desirable unit mix of one(1)three-bedroom, and six(6) one-bedroom units. 1329 E Adams Blvd consists of two separate building structures totaling 4,784 square feet sitting on a 6,750 square foot lot. There is ample parking with 7 on site parking spots. This asset commands strong cash flow but still has 49% upside in the currents rents. This area just south of Downtown L.A. has been seeing an influx of development as investors push south from Downtown and north from USC. Please do not disturb the tenants. All showings will be subject to an accepted offer.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Rooms
Other Rooms Shed(s)
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5118009020
Special Listing Condition Standard
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Bought with Chase Simonton • RE/MAX One