REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Chris Mardelli

chris@therealupside.com +1(310) 571-5761

$2,100,000

Est. payment - /mo

14 Beds

5 Baths

4,266 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,266 sqft

Price per Sqft $492

MLS Listing ID SR26157423

Bedrooms 14

Full Baths 5

HOA Y/N No

Year Built 1904

Lot Size 6,743 Sqft

Property Sub-Type Quadruplex

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Interior Features Ceiling Fan(s), Laminate Counters

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Electric Range, Gas Oven, Gas Range

Laundry See Remarks

Exterior

Parking Features Concrete, One Space

Fence Brick, Good Condition

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Private Pool No

Building

Lot Description Level, Near Public Transit, Rectangular Lot

Dwelling Type Quadruplex

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5118009021

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Van Hamilton Jennings Realty 323-788-6128, DRE #02160347

Nearby Schools & Businesses

GET IN TOUCH

${companyName}

Chris Mardelli

Broker | License ID: 01834969

+1(310) 571-5761 | chris@therealupside.com

Quick Search Links

1335 1337 E Adams Los Angeles, CA 90011

Chris Mardelli

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Schools & Businesses

GET IN TOUCH

${companyName}

Tour this Home!

1335 1337 E Adams