1335 1337 E Adams, Los Angeles, CA 90011
Local realty services provided by:CENTURY 21 Discovery
1335 1337 E Adams,Los Angeles, CA 90011
$2,100,000
- - Beds
- - Baths
- 4,266 sq. ft.
- Multi-family
- Active
Listed by: van hamilton
Office: jennings realty661-242-6100
MLS#:SR26159013
Source:CRMLS
Price summary
- Price:$2,100,000
- Price per sq. ft.:$492.26
About this home
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....
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Home facts
- Year built:1904
- Listing ID #:SR26159013
- Added:56 day(s) ago
- Updated:September 16, 2026 at 10:57 AM
Rooms and interior
- Kitchen Description:Electric Range, Gas Oven, Gas Range
- Living area:4,266 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Flat
- Year built:1904
- Building area:4,266 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Level with Street, Near Public Transit, Rectangular Lot
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$492.26
Features and amenities
- Appliances:Electric Range
- Amenities:Ceiling Fans, Laminate Counters
Parking
- Total parking spaces:8
- Parking description:Concrete, One Space
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