1335 1337 E Adams,Los Angeles, CA 90011
Los Angeles, CA 90011
Description
High-Yield 14-Bedroom Co-Living Portfolio Near USC & DTLA. This 14-bedroom multi-family portfolio offers an exceptional footprint for investors targeting high-density housing and co-living strategies in Los Angeles. Comprising four large-scale units distributed across two detached buildings, the property provides an efficient bedroom-to-unit ratio situated minutes from the University of Southern California (USC), Downtown LA, and major transit corridors. Unlike standard modern speculative builds, the asset provides a durable foundation tailored for high-occupancy rental use: Front Building (Historic Integrity): Verified as built in 1904 by master builder Frederick Rufus Black as his personal residence. This structure contains two massive 4-Bedroom units (one 4-bed/1-bath and one 4-bed/2-bath), featuring the expansive spatial layouts and structural character typical of the era. Back Building (Modern Turnkey): Comprises two 3-Bedroom, 1-Bathroom units, which were completely remodeled from the studs up in 2022. The property delivers immediate, stable cash flow with highly predictable operational overhead: Front Units (Two 4-Bed Layouts): Currently generating a combined $4,000/month. (much lower than the market rate). Back Units (Two 3-Bed Layouts): Rented at $2,600/month each ($5,200/month combined). Total Current Gross Income: $9,200/month ($110,400/annually). Operational expenses are minimized through separate utility metering, with 4 separate electric meters and 4 separate gas meters allowing tenants to handle their own usage overhead directly. The expansive parcel also accommodates up to 8 secure parking spaces, a premium asset in the DTLA-adjacent rental market. While the property provides immediate yield, current rental structures present the next owner with clear pro-forma upside as units naturally cycle in a high-demand rental corridor.
Details
| MLS # | SR26157423 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1904 |
| Days On Site | 57 |
| Listing Provided By | Jennings Realty | Van Hamilton |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 4,266 |
| Story(s) | 2 |
| Units | 4 |
| Acreage | 0.15 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans, Laminate Counters |
| Appliances | Electric Range, Gas Oven, Gas Range |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Lot Features | Level, Near Public Transit, Rectangular Lot |
| Fencing | Brick, Good Condition |
Parking
| Parking Features | Concrete, One Space |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $2,100,000 low | high Med: $770,000 sqft: 4,266 low | high Med: 1 $ / sqft: $492 low | high Med: $770,000 On site: 57 low | high Med: 7 | |
Market Activity 90011
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $2,100,000 low | high Med: $770,000 sqft: 4,266 low | high Med: 1 $ / sqft: $492 low | high Med: $770,000 On site: 57 low | high Med: 7 | |
 | $2,100,0001335 1337 E AdamsLos Angeles, CA 90011 |