1335 1337 E Adams Los Angeles, CA 90011
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,266 sqft
Price per Sqft $492
MLS Listing ID SR26157423
Bedrooms 14
Full Baths 5
HOA Y/N No
Year Built 1904
Lot Size 6,743 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Interior Features Ceiling Fan(s), Laminate Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Electric Range, Gas Oven, Gas Range
Laundry See Remarks
Exterior
Parking Features Concrete, One Space
Fence Brick, Good Condition
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
View Y/N No
View None
Roof Type Flat
Private Pool No
Building
Lot Description Level, Near Public Transit, Rectangular Lot
Dwelling Type Quadruplex
Story 2
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5118009021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION