NOT LISTED FOR SALE

1329 E Adams Blvd Los Angeles, CA 90011

Central Alameda Neighborhood
9 Beds
7 Baths
4,784 Sq Ft
6,750 Sq Ft Lot

Last Sold June 16, 2022

Last sale price $1,285,000 $269 Per Sq Ft

35 Days on Market

About This Home

As of June 2022

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.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 03/07/2022

RE/MAX One

Co-Listed By

Robert Carlile

RE/MAX One License #02066811

Last Buyer's Agent

Chase Simonton

RE/MAX One License #01766871 Listed on: 03/07/2022

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,750

Interior Spaces

  • 4,784 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Additional Features

  • Shed
  • 6,750 Sq Ft Lot

Community Details

  • 2 Buildings
  • 7 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5118-009-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4784
  • Stories: 2
  • Year Built: 1940
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 291.60

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 7

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 5118-009-020
  • Lot Size Area: 6750

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 13.31
  • Number Of Units: 7
  • Total Annual Expense: 36970
  • Type Of Units: Multifamily
  • Vacancy Rate: 0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $1,285,000 -7.9% $269 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
03/28/2022 03/28/22 Price Changed $1,395,000 -4.8% $292 / Sq Ft
03/07/2022 03/07/22 For Sale $1,465,000 +140.2% $306 / Sq Ft
05/12/2016 05/12/16 Sold $610,000 -2.4% $160 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $625,000 -- $164 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chase Simonton

    Seller's Agent in 2022

    Chase Simonton

    RE/MAX

    (310) 383-5927

    1 in this area

    92 Total Sales

    Chase Simonton
    Section Image
  • Robert Carlile

    Seller Co-Listing Agent in 2022

    Robert Carlile

    RE/MAX

    (818) 346-7362

    1 in this area

    15 Total Sales

    Robert Carlile
    Section Image

  • J

    Seller's Agent in 2016

    Jenny Orellana

    Equity Union

    (818) 309-3105

    13 Total Sales

    Jenny Orellana
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-133959

The MLS
California Los Angeles County Los Angeles 90011 Central Alameda

1329 E Adams Blvd, Los Angeles, CA

This home is located at 1329 E Adams Blvd, Los Angeles, CA 90011 since 07 March 2022. This property was built in 1940. 1329 E Adams Blvd is a home located in Los Angeles County with nearby schools including Nevin Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

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