FSBO
FSBO - For Sale
$2,100,000
For Sale by Owner
$492/sq ft Listed 8 days ago
14BR Multi-Family for Sale in Los Angeles, CA
1335-1337 E Adams, Los Angeles, CA 90011
14 Beds
5 Bath
4,266 sq ft
Built 1904
PropSlick Verified Data
Key facts & insights for this exact address
$492
Price / sq ft
1904
Year Built
6,743 sf
Lot Size
Los Angeles
County
Key Facts
Property TypeMulti-Family
Year Built1904
Square Footage4,266 sq ft
Lot Size6,743 sq ft
Price / SqFt$492
Property 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.
Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.
Amenities and Features
Air Conditioning
Heating
Property Location
Map shows approximate location. Exact address provided to serious inquirers upon contact.
Property Research
View Full Property History on MarketTimeline
Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
PropSlick is committed to the Fair Housing Act. We do not permit discrimination based on race, color, religion, sex, national origin, disability, or familial status. Report a violation.
Similar Properties
FSBO
FSBO
FSBO
VH
Typically responds within 24 hours
Call the seller
323-788-XXXX
or send a message
Your details stay private — we never sell your information.
Get Pre-Approved
Compare mortgage rates from top lenders in minutes.
Check Rates
PropSlick may earn a commission from these links.
Compare Home Insurance
Find the right coverage for your new home.
Compare Quotes
PropSlick may earn a commission from these links.
Need Help Moving?
Get free quotes from licensed movers in your area.
Get Free Quotes
PropSlick may earn a commission from these links.