217 East Adams Boulevard

Los Angeles, CA 90011

$725,000
Last Sold Price
4
Beds
3,692 Sq. Ft.
$196 / Sq. Ft.
3,692
Sq. Ft.
$196
per Sq. Ft.

Description

Usc is only 7 minutes away! Take advantage of this great opportunity of owning an investment in the booming downtown Los Angeles area. In addition to being within walking distance of the Metro Line Station, these units have very easy access to the 110 and 10 Freeway. All units have been fully leased out with long term tenants. The owner has replaced all plumbing, drains, sewer, and water lines and each unit now has its own water, electrical, and gas meter. Very low maintenance is needed to own this...Usc is only 7 minutes away! Take advantage of this great opportunity of owning an investment in the booming downtown Los Angeles area. In addition to being within walking distance of the Metro Line Station, these units have very easy access to the 110 and 10 Freeway. All units have been fully leased out with long term tenants. The owner has replaced all plumbing, drains, sewer, and water lines and each unit now has its own water, electrical, and gas meter. Very low maintenance is needed to own this wonderful investment. These 4 units are conveniently located near the LA Memorial Coliseum, Staples Center, LA FC Stadium, LA Convention Center, Exposition Park, LAX, Fashion District, California Science Center, the Natural History Museum and so much more! Very low expenses, Tenants pay for it's own Water, electric, gas, trash and sewer bill
  1. Listed by Ariadna Cardenas • DRE #01781010 • Brokerage DRE #01264338 • Allstars Realty

Property Details for 217 East Adams Boulevard

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3692
Assessor Parcel Number
5127-036-010
Property Attached YN
true

Location

Listing Courtesy of Allstars Realty, Ariadna Cardenas, DRE #01781010

Sold By Allstars Realty, Ariadna Cardenas, DRE #01781010

Add your commute
LISTING UPDATED: 09/18/2023 02:33 AM

Property Details for 217 East Adams Boulevard

StatusClosed
MLS #DW23111847
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1903
Lot Size0.17 AC / 7,447 SF
CountyLos Angeles County

Location

Listing Courtesy of Allstars Realty, Ariadna Cardenas, DRE #01781010

Sold By Allstars Realty, Ariadna Cardenas, DRE #01781010

Add your commute

Building Information for 217 East Adams Boulevard

Stories2Residences-Year Built1903Building Size-Lot Size0.17 AC / 7,447 SF

Payment Calculator

$4,506 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$549

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 217 East Adams Boulevard

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Electricity, Gas, Sewer, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $37,244
  • Gross Scheduled Income: $45,144
  • Net Operating Income: $37,244
  • Financing: Conventional
Expense Details
  • Operating Expense: $7,900
  • New Taxes Expense: $5,500
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Maintenance Expense: $400
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $7,900
Tax / Assessment Info
  • Tax Tract Number: 18
  • Tax Census Tract: 2240.20
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Front & back
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,160
  • Unit Type Total Rent: $1,160
  • Unit Type Pro Forma: 1210
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $965
  • Unit Type Total Rent: $965
  • Unit Type Pro Forma: 998
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $834
  • Unit Type Total Rent: $834
  • Unit Type Pro Forma: 867
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $803
  • Unit Type Total Rent: $803
  • Unit Type Pro Forma: 836
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 217 East Adams Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 217 East Adams Boulevard

Taxable ValueLand$284,456Additions$210,496Total$494,952
Tax Record2023$6,593 ($549 / month)
Home Facts
Total Finished SqFt3,692 SqFtAbove Grade Finished SqFt3,692 SqFtLot Size7,447 SqFtStyleTriplexYear Built1903ZoningLARD1.5CountyLOS ANGELESAPN5127-036-010

Schools near 217 East Adams Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Twenty-Eighth Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Allstars Realty, Ariadna Cardenas, DRE #01781010

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.