2937 West Boulevard
Los Angeles, CA, 90016 $ 3,199,000
Bedrooms15 Baths16.1 Sq 7,139 Monthly Estimate*
$ 22,346
Listed by CENTURY 21 REALTY MASTERS
for $3,199,000 with 15 bedrooms and 16 full baths, 1 half bath. This 7,139 square foot home was built in 2023 on a lot size of 0.1788.
2937 West Blvd is a Fully Stabilized NON-RENT CONTROLLED fourplex in the Ultra Hot WEST ADAMS District just minutes from Downtown Culver City and the Culver City Arts District! This is your opportunity to secure a healthy CAP RATE while owning a stunning 2023 built non-rent control property. Front building features: one 3-story 5 bed, 5.5 bath- 2,273 of living Sq. Ft with an attached 2 car garage (335) Sq. Ft including access to the roof top deck that provides an easy breezy outdoor living space with unmatched city views, with an attached 2-bedroom 1-bathroom ADU-970 Sq. Ft of functional living floor plan. The detached rear building features: two 3-story 4 bed,5 full baths-each unit is 1,757 Sq. Ft with an attached 1 car garage for each unit, including independent access to the roof top deck that provides unmatched city views. This design choice is invaluable to renters, who appreciate having their own separate living quarters and outdoor space including the convenience of not having to share parking accessibility-lot size 7,787 and combined living Sq. Ft including garages 7,844. Each unit is individually metered for water, gas and electric making the operating expenses at a minimum! Additional amenities: Fully equipped with all appliances, custom mini blinds throughout, usable balconies, front building independent yard, a large rear patio for the rear building, high quality finishes, walk-in closets with built in shelving, laundry hookups in each unit, high-end modern kitchens, and large, stunning bathrooms. Commuters enjoy close proximity to several of the most ground-breaking mixed-use developments: Alsace LA Boutique Hotel, Zoe Lofts, Platform, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the now operating Cumulus District/Whole Foods featuring live, work and play residences. And the following trendy restaurants: Alta Adams, Vicky's All Day, Mizlala, World Famous Johnny's West Adams, Farmhouse Kitchen, Party Beer Co, Delicious Pizza, Highly Likely and so many more all within a walkable score of 81 and a bike able score of 64 plus the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants! This is the one for your 1031 exchange buyers and investors to step into an immediate cash flow property at a true cap rate = 6.03%.
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FeaturesGeneralSewer PublicSewer
Heating Central
Cooling CentralAir
Possession CloseOfEscrow
Zoning LAR2
HOA 0.0
Garage Spaces 4.0
Pool Features None
Exclusions Professional staging
Year Built 2023
Tenant Pays AllUtilities
Stories 1
Levels One ThreeOrMore
Property SubType Quadruplex
Gross Income 0.0
Community Features StreetLights Sidewalks
County Los Angeles
Net Operating Income 193186.0
Operating Expense 26414.0
Insurance Expense 6264.0
New Construction Y
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency None
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Between Adams Blvd and Jefferson Blvd
City Los Angeles
Entry Location ground level
View Y/N N
Senior Community Y/N N
Open Parking Spaces 2.0
Total Units 4
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 7787.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name West
Listing Terms Submit
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 12119.0
Home Warranty Y/N N
Trash Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 1
Building Area Units SquareFeet
Standard Status Active
Year Built Source Builder
Tax Lot 498
Total Actual Rent 18300.0
Property Sub Type Additional Quadruplex
Cap Rate 6.03
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InteriorFlooring Laminate
Fireplace Features None
Total Stories 3
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Boulevard
Laundry Features Inside
Entry Level 4
Electric On Property Y/N N
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ExteriorParking Features DirectAccess Driveway GarageFacesFront Garage GarageDoorOpener
Lot Features Landscaped
Water Source Private
Total Parking 6.0
Inclusions All appliances.
Lot Size Area 7787.0
Number of Buildings 2
Spa N
Building Area Total 7139.0
Lot Size Acres 0.1788
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByCentury 21 Realty MastersBroker
Affordability Calculator
- Monthly Principal & Interest
- $22,346
- Monthly Property Taxes
- $1,010
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,000,821
Percent of Sale Price 37%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/29/2024 | $3,199,000 | | Listed Price |