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Listed by Daniel Lewin, DRE #01932742 • Younglewin Advisors, Inc.
$1,880,000
Est. payment /mo
7,067 Sqft Lot
New
1180 W Adams BLD Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26241170
Style Craftsman
Year Built 1902
Lot Size 7,067 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
USC-Area 2-Unit Property on Adams Blvd - 1902 Front House + 2022 ADU, 6.90% 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 6.90% 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 8.47% 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 h
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry Other
Exterior
Pool None
Building
Lot Description Grade - Level
Water District - Public
Architectural Style Craftsman
Others
Tax ID 5055025001
Special Listing Condition Not Applicable
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