Share this with your friends
5626587550
The Quintana Group
1180 W Adams Boulevard, Los Angeles, CA 90007
- $1,880,000
- List Price
- $1,880,000
- Status
- ACTIVE
- MLS#
- PW26241170
- Year Built
- 1902
- Lot Size
- 7,067
- Acres
- 0.16
- Lot Location
- Level, Rectangular Lot
- Days on Market
- 7
- Property Type
- Multifamily
- Style
- Craftsman
- Property Sub Type
- Duplex
- Stories
- Two Levels
Property Description
USC-Area 2-Unit Property on Adams Blvd - 1902 Front House + 2022 ADU, 6.90% Current Cap Rate, 5-Minute Walk to USC. 1180 W. Adams Boulevard presents a 2-unit, 11-bedroom investment opportunity located a short 5-minute walk to the USC campus. The property consists of a classic 1902 two-story front house configured as a 6 bed/5 bath and a 2022-built 5 bed/4 bath ADU, totaling approx. 2,700 SF on a large 7,067 SF lot. The front house pairs original wood built-ins and trim with an updated kitchen, stainless steel appliances, and in-unit laundry, while the newer ADU features a modern kitchen with stainless steel appliances and contemporary bathrooms. Both units are currently leased, providing in-place income. Offered at $1,880,000, $940,000 per unit and $696 per square foot, at a 6.90% current cap rate and 10.53 GRM. Current rents total $14,883/month ($178,596/year), with projected market rents of $17,600/month ($211,200/year), reflecting an 8.90 GRM and 8.47% cap rate. As a 2-unit property, it may qualify for residential financing. Located within USC's DPS patrol zone and free Lyft ride zone, with easy access to Downtown LA, the 10 Freeway, Exposition Park, the LA Memorial Coliseum, Banc of California Stadium, and the new Lucas Museum of Narrative Art, with the area set to host major events for the 2028 Olympic Games. Some photos have been virtually enhanced.
Additional Information
- Appliances
- Dishwasher, Gas Range, Microwave, Refrigerator
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $178,596
- Operating Expense
- 43525
Listing courtesy of Listing Agent: Daniel Lewin (dan@younglewin.com) from Listing Office: Younglewin Advisors, Inc..
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.