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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$990,000

Est. payment - /mo

4,281 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25053038

HOA Y/N No

Year Built 1923

Lot Size 4,281 Sqft

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't miss this chance to acquire a value-add property in one of Los Angeles' most promising neighborhoods. With strategic management and targeted improvements, this multi-unit gem has the potential to generate substantial returns in the thriving West Adams real estate market.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Interior Features Beamed Ceilings, Tile Counters, Bedroom on Main Level

Heating Gravity

Cooling Wall/Window Unit(s)

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Gas Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Concrete, Driveway Down Slope From Street, Direct Access, Door-Single, Driveway, Garage Faces Front, Garage, Gated, On Site, Off Street, Shared Driveway

Garage Spaces 1.0

Garage Description 1.0

Fence Average Condition

Pool None

Community Features Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Accessibility Accessible Doors

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5050006036

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Steven Richardson Y Realty 213-344-7856

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2424 West BLVD Los Angeles, CA 90016