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$ 1,025,000
Est. payment /mo
Active
2424 West Boulevard Los Angeles, CA 90016
5 Beds
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $512
MLS Listing ID CRPW25053038
Bedrooms 5
HOA Y/N No
Year Built 1923
Lot Size 4,284 Sqft
Acres 0.1
Property Sub-Type Triplex
Property Description
Discover an exceptional investment opportunity in the heart of West Adams, Los Angeles. This charming multi-unit property at 2424 West Blvd offers tremendous potential for value creation through strategic management. The property features: - Front unit: A delightful one-bedroom apartment with a manicured yard and succulent garden - Center 1-bedroom, 1-bathroom unit -Rear unit: A spacious two-story, 3-bedroom, 1.5-bathroom home - Driveway parking for three vehicles - One Car Garage Current unit mix and rents: 1. 3 Bedroom, 1.5 Bathroom: $1,580/month 2. 1 Bedroom, 1 Bathroom: $965/month 3. 1 Bedroom, 1 Bathroom: $1,528/month Market rent potential: - 3 Bedroom units: $3,750/month - 1 Bedroom units: $1,900/month Located in the rapidly evolving West Adams neighborhood, this property is perfectly positioned to benefit from the area's ongoing revitalization. With its proximity to major employment hubs, including Downtown LA, Culver City, and USC, the location is ideal for attracting young professionals and students. West Adams has been experiencing significant appreciation, with property values increasing by an average of 8.23% per year over the past five years. This trend, combined with the neighborhood's growing popularity, makes this property an excellent investment opportunity. Don'
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Gravity
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplace No
Appliance Gas Water Heater
Laundry Other
Exterior
Exterior Feature Back Yard, Front Yard, Other, Garden
Handicap Access Other
Total Parking Spaces 1
Building
Lot Description Other, Back Yard, Front Yard, Garden
New Construction No
Others
Tax ID 5050006036
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Listed by Steven Richardson • Y Realty