2424 WEST BOULEVARD, LOS ANGELES CA 90016
- 1,200 sq.ft.
- 4,284 sq.ft. lot
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.
Listing Courtesy of Steven Richardson, Y Realty
Interior Features
Exterior Features
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