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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,880,000

Est. payment - /mo

11 Beds

9 Baths

7,067 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26241170

Bedrooms 11

Lot Size 7,067 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

USC-Area 2-Unit Property on Adams Blvd - 1902 Front House + 2022 ADU, 6.71% 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 6.71% 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 8.27% 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Approx. 5-minute walk north of USC campus on Adams Blvd

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5055025001

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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Listed by Daniel Lewin, DRE#01932742 Younglewin Advisors, Inc.

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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1180 W Adams Boulevard Los Angeles, CA 90007

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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