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.
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.
Property Details
Price:
$1,200,000
MLS #:
PW25053038
Status:
Active
Baths:
0
Address:
2424 West Boulevard
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jun 1, 2025
State:
CA
ZIP:
90016
Lot Size:
4,284 sqft / 0.10 acres (approx)
Year Built:
1923
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Schools
Interior
Accessibility Features
Doors – Swing In
Appliances
Gas Range, Gas Water Heater
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Tile, Wood
Heating
Gravity
Interior Features
Beamed Ceilings, Tile Counters
Exterior
Community Features
Gutters, Sidewalks, Storm Drains, Street Lights, Urban
Electric
Electricity – On Property
Fencing
Average Condition
Garage Spaces
1.00
Lot Features
0-1 Unit/ Acre, Back Yard, Front Yard, Garden, Rectangular Lot
Parking Features
Direct Garage Access, Driveway, Concrete, Driveway Down Slope From Street, Garage, Garage Faces Front, Garage – Single Door, Gated, Off Street, On Site, Shared Driveway
Parking Spots
1.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Tenant Pays
All Utilities
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address2424 West Boulevard Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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2424 West Boulevard
Los Angeles, CA
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