$ 2,100,000
-
$2,100,000
Price -
14
Bed -
5
Bath -
4,266
SqFt
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About the Listing FF7000162 - SR207091045
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 Highlights
Interior Details
- Bedrooms: 14
- Bathrooms: 5 Full
- Appliances: Electric Range, Gas Oven, Gas Range
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Laminate Counters
- Water: Public
Exterior Details
- Lot Description: Level,Near Public Transit,Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Flat
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Concrete,One Space
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5118009021
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1335 E Adams Los Angeles, CA 90011
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