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1216 E Adams Boulevard, Los Angeles, CA 90011$2,050,000

14
beds
8
baths
5190
ft2
· 6049
ft2 lot
$395 / ft2

Listing provided courtesy of Mike Hassani, Home Team Realty
Source CRMLS;
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NEWER CONSTRUCTION (COMPLETED IN 2018), 4 units in two separate buildings, Total 5,190 Sq Ft., The Front duplex are both 3 bedrooms and 2 baths, Rear duplex are both 4 bedrooms and 2.5 baths. 3 Large two car garages with alley access and two on site parking. Great area close to shopping centers, freeway, and USC. All units are separately metered for Water, Gas and electric (paid by tenants). All tenants are stable good tenants who are all current with their rents (Total monthly rents $10,900). Completely Gated with secured windows and new walls. Tiled and Laminated floors, Granite countertops. Great investment, a must see. Please drive by only. interior inspection upon accepted offer and an open escrow. PLEASE DO NOT DISTURB THE TENANTS OR WALK ON THE PROPERTY.

HOA

$0/month

On market

2 months

Year built

2018

Property type

Multi-Family

Parking

8

MLS

21788052

Price / Sq.Ft.

$395 / ft2

Status

Active

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Home details for 1216 E Adams Boulevard

Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Forced Air
Appliances
•   
Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Smoke Detector(s), Window Bars
Interior Size
•   
Building Area Total: 5190.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage - Two Door, Assigned, Driveway
Building Info
•   
Zoning: LARD1.5
•   
New Construction: 1
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Lot Info
•   
Lot Size Acres: 0.1389
•   
Lot Size Area: 6049.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 130800.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Actual Rent: 130800.00
•   
New Taxes Expense: 18638.00
•   
Insurance Expense: 1916.00
•   
Total Expenses: 20554.00
•   
Gross Multiplier: 16.00
Tax/Assessment Info
•   
Gross Income: 130800.00
•   
Tax Year: 2021
•   
Taxes: 18765.76
Lease Info
•   
Net Operating Income: 110246.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 4
•   
Unit 3 Actual Rent: 2800.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 2800.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2550.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 2550.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2700.00
•   
Unit 1 Total Rent: 2700.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2850.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2850.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Bedrooms: 4
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Central Ave and Adams Blvd
Other
Calculation
•   
Dom: 47

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Central Alameda
60
Properties for sale
17.5
Median days on market
$367.05
Median sold price/sqft
185.09%
Sold/List %
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Property History for 1216 E Adams Boulevard

11/11/2021
11/11/2021
CRMLS #21788052
active
CRMLS #21788052
$2,050,000
--2.38%
09/25/2021
09/25/2021
CRMLS #21788052
active
CRMLS #21788052
$2,100,000
+414.71%
10/20/2017
10/20/2017
Public Record
sold
Public Record
$408,000
+159.87%
07/21/2000
07/21/2000
Public Record
sold
Public Record
$157,000

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