2424 West Blvd Los Angeles, CA 90016
Property Features for 2424 West Blvd
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.10 Acres
Building Details
- Year built
- 1923
Source:
Elliman
Listing Agency: Y Realty Listing Agent: Steven Richardson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
West Adams Multi-Unit Investment Opportunity
Located in West Adams, Los Angeles, this multi-unit property at 2424 West Blvd presents an investment opportunity. The property includes a front one-bedroom apartment with a yard and succulent garden, a center one-bedroom, one-bathroom unit, and a rear two-story, three-bedroom, 1.5-bathroom home. Driveway parking is available for three vehicles, along with a one-car garage. The current unit mix and rents are as follows: a three-bedroom, 1.5-bathroom unit rented for $1,580 per month; a one-bedroom, one-bathroom unit rented for $965 per month; and another one-bedroom, one-bathroom unit rented for $1,528 per month. The property is positioned to benefit from the area's ongoing revitalization, with proximity to Downtown LA, Culver City, and USC. Property values in West Adams have increased by an average of 8.23% per year over the past five years.
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.3400862
- Latitude
- 34.0343097
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Multi-unit property in West Adams with value-add potential.
Where is this multifamily property located?
The property is located at 2424 West Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: - Significant market rent upside: Potential to increase rental income to $3,750/month (3-bedroom) and $1,900/month (1-bedroom).; - Located in the rapidly appreciating West Adams neighborhood: Property values have increased significantly.; - Multi-unit property with diverse unit mix: Features a 3-bedroom and two 1-bedroom units.
