$3,300,000 Price Analysis   ♡   Los Angeles, CA 90016 15 bed 17 bath 7,139 SqFt ($462/SqFt) 7,787SqFt lot. Built 2023 Listed 2024-05-28, Taxes $11,562 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
2937 West Blvd is a Fully Stabilized NON-RENT CONTROLLED fourplex in the Ultra Hot WEST ADAMS District minutes from Downtown Culver City and the Culver City Arts District!
This is your opportunity to secure a healthy CAP RATE (Monthly rent: $18, 300) 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 creatve 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.
Presented by Xio Sandoval at
CENTURY 21 Realty Masters.
Property MLS #MB24107271 from CRMLS
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.1787649
Lot Size Source: Assessor
Lot Size Square Feet: 7787
Parking Features: Parking YN: Yes, Parking Features: Direct Garage Access, Driveway, Garage Faces Front, Garage Door Opener
Parking Total: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 5
Bedrooms in Unit-3: 4
Bedrooms in Unit-4: 4
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 6
Total Bathrooms in Unit-3: 5
Total Bathrooms in Unit-4: 5
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Gardener Expense: 1200.00
Maintenance Expense: 2500.00
Tenant Pays: All Utilities
Source Listing Status: Active
County: Los Angeles
Cap Rate: 6.03
Source Property Type: Residential Income
Inclusions: All appliances.
Insurance Expense: 6264.00
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 5050024008
Postal Code Plus 4: 3630
Professional Management Expense: 4800.00
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $192,000 + $768,000 $960,000 | $11,562 |
| 2021 | $103,012 + $412,079 $515,091 | $6,332 |
| 2020 | $101,956 + $407,854 $509,810 | $6,393 |
| 2019 | $99,957 + $399,857 $499,814 | $6,146 |
| 2018 | $97,998 + $392,017 $490,015 | $6,000 |
| 2017 | $96,077 + $384,331 $480,408 | $5,871 |
| 2016 | $94,194 + $376,796 $470,990 | $5,734 |
| 2015 | $92,780 + $371,137 $463,917 | $5,651 |
| 2014 | $90,400 + $359,900 $450,300 | $5,621 |
| 2013 | $72,300 + $288,000 $360,300 | $4,538 |
| 2012 | $56,200 + $223,800 $280,000 | $3,669 |
| 2010 | $45,000 + $179,000 $224,000 | $2,982 |
| 2009 | $57,700 + $231,000 $288,700 | $3,655 |
| 2009 | $45,000 + $179,000 $224,000 | $3,655 |
| 2008 | $84,896 + $339,586 $424,482 | $5,184 |
| 2007 | $83,232 + $332,928 $416,160 | $5,098 |
$3,300,000
CRMLS
Listing removed 2024-05-25
$0
CRMLS
Listed 2024-03-28
$3,199,000
CRMLS
Listing removed 2023-09-29
$5,900
CRMLS
Listed for rent 2023-08-23
$5,900
CRMLS
Listing removed 2023-08-22
$0
CRMLS
Listing removed 2023-08-03
$3,000
CRMLS
Listed for rent 2023-07-24
$3,000
CRMLS
Listed 2023-06-21
$3,150,000
CRMLS
Listing removed 2022-01-25
$0
CRISNET
Sold 2021-07-27
$960,000
Public Record
Sold 2005-04-19
$400,000
Public Record
Year Built: 2023
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 4
Entry Location: ground level
New Construction: Yes
Property Age: 1
Property Attached: Yes
Levels or Stories: One, Three Or More
Building Total Stories: 3
Structure Type: Quadruplex
Year Built Source: Builder
Water Source: Private
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.