NOT LISTED FOR SALE

2312 West Blvd Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,009,104 - $1,124,000

4 Beds
4 Baths
4,056 Sq Ft
$263/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $1,061,500 $262 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,188/month

34 Days on Market

About This Home

As of May 2024

We are pleased to present the opportunity to acquire a four-unit apartment community situated in between Mid-City & West Adams. The subject property is located just north of the 10 Freeway & west of Crenshaw Boulevard. The property is situated on a 5,998 square foot parcel and comprises of four one-bedroom units. There is 44% remaining rental upside that new ownership can capture through interior renovations. The immediate area is undergoing significant gentrification, with numerous new developments and renovations taking place, making it a prime location for a real estates investment. Overall, 2312-2314 West Boulevard offers an exceptional opportunity for investors to acquire a well located property with healthy returns and long-term appreciation potential.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 03/28/2024

Last Buyer's Agent

Jason Anderson

eXp Realty of California Inc License #01762393

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,960

Year Built

  • Built in 1924

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Split Level Home

Interior Spaces

  • 4,056 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5061-027-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,960

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split, Two
  • Street Number Display: Yes
  • Living Area: 4056
  • Lot Acreage: 0.1377
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 271.20

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 44.60
  • Assessed Improvement Value: 194367
  • Assessed Land Percent: 55.4
  • Assessed Land Value: 241452
  • Total Assessed Value: 435819
  • Assessor Parcel Number: 5061-027-021
  • Lot Size Area: 5998

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.02
  • Number Of Units: 4
  • Total Annual Expense: 24703
  • Type Of Units: Residential
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
May 7, 2024
Sold by
Oz West Properties Llc
Bought by
Chavez Luis and Martinez Emerald
Seller's Agent
Sean Rosenzweig
Marcus & Millichap
Buyer's Agent
Jason Anderson
eXp Realty of California Inc
List Price
$1,100,000
Sold Price
$1,061,500
Premium/Discount to List
-$38,500
-3.5%
Views
26
Current Estimated Value
$1,068,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,526
Avg. Annual Appreciation
0.46%
Original Mortgage
$849,200
Outstanding Balance
$838,662
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$229,364

Purchase Details

Closed on
Jan 15, 2019
Sold by
O Z West Properties Llc
Bought by
O Z West Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 23, 2011
Sold by
Ololade Muyiwa
Bought by
The Ololade Family Trust

Purchase Details

Closed on
Aug 2, 2011
Sold by
Ololade Muyiwa
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 16, 2001
Sold by
Allen Don and Allen Von
Bought by
Ololade Muyiwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
7.06%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chavez Luis $1,061,500 Chicago Title Company
O Z West Properties Llc -- Provident Title Company
The Ololade Family Trust -- None Available
Wells Fargo Bank Na $335,052 Accommodation
Ololade Muyiwa $299,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Luis $849,200
Previous Owner Oz West Properties Llc $340,000
Previous Owner O Z West Properties Llc $330,000
Previous Owner O Z West Properties Llc $328,250
Previous Owner Ololade Muyiwa $50,000
Previous Owner Ololade Muyiwa $573,750
Previous Owner Ololade Muyiwa $490,000
Previous Owner Ololade Muyiwa $71,000
Previous Owner Ololade Muyiwa $345,000
Previous Owner Ololade Muyiwa $306,000
Previous Owner Ololade Muyiwa $239,200
Closed Ololade Muyiwa $44,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2024 05/14/24 Sold $1,061,500 -3.5% $262 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $1,100,000 -- $271 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,960 $1,082,730 $754,800 $327,930
2024 $5,960 $444,535 $246,281 $198,254
2023 $5,857 $435,819 $241,452 $194,367
2022 $5,606 $427,274 $236,718 $190,556
2021 $5,516 $418,897 $232,077 $186,820
2020 $5,564 $414,603 $229,698 $184,905
2019 $5,362 $406,475 $225,195 $181,280
2018 $5,285 $398,506 $220,780 $177,726
2016 $5,024 $383,033 $212,207 $170,826
2015 $4,956 $377,281 $209,020 $168,261
2014 $4,999 $369,891 $204,926 $164,965
Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2024

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    5 in this area

    67 Total Sales

    Sean Rosenzweig
    Section Image
  • Jason Anderson

    Buyer's Agent in 2024

    Jason Anderson

    eXp Realty of California Inc

    (301) 770-5387

    4 in this area

    76 Total Sales

    Jason Anderson
    Section Image
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Map

Source: The MLS

MLS Number: 24-373887

The MLS

APN: 5061-027-021

California Los Angeles County Los Angeles 90016 Mid-City

2312 West Blvd, Los Angeles, CA

This home is located at 2312 West Blvd, Los Angeles, CA 90016 since 28 March 2024 and is currently estimated at $1,068,026, approximately $263 per square foot. This property was built in 1924. 2312 West Blvd is a home located in Los Angeles County with nearby schools including Alta Loma Elementary, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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