2424 West Blvd Los Angeles, CA 90016
West Adams NeighborhoodEstimated payment $7,247/month
Highlights
- Gated Parking
- Beamed Ceilings
- Cooling System Mounted To A Wall/Window
- Wood Flooring
- 1 Car Direct Access Garage
- 1-minute walk to Gladys Jean Wesson Park
About This Home
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 Agent
Y Realty Brokerage Phone: 213-344-7856 License #01510320 Listed on: 06/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,521
Year Built
- Built in 1923
Lot Details
- 4,284 Sq Ft Lot
- No Common Walls
- Fenced
- Fence is in average condition
- Rectangular Lot
- Garden
- Back and Front Yard
- Density is up to 1 Unit/Acre
Parking
- 1 Car Direct Access Garage
- Parking Available
- Front Facing Garage
- Single Garage Door
- Driveway Down Slope From Street
- Shared Driveway
- Gated Parking
- Off-Street Parking
Home Design
- Triplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 1,200 Sq Ft Home
- 1-Story Property
- Beamed Ceilings
- Living Room
Kitchen
- Gas Range
- Tile Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Gravity Heating System
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Additional Features
- Doors swing in
- Urban Location
Listing and Financial Details
- Tax Lot 24
- Tax Tract Number 1675
- Assessor Parcel Number 5050006036
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,053
- Trash Expense $300
- Operating Expense $20,325
- Gross Income $48,144
- Net Operating Income $27,819
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,521 | $941,714 | $725,229 | $216,485 |
| 2024 | $11,521 | $923,250 | $711,009 | $212,241 |
| 2023 | $11,304 | $905,148 | $697,068 | $208,080 |
| 2022 | $10,789 | $887,400 | $683,400 | $204,000 |
| 2021 | $7,691 | $618,339 | $515,283 | $103,056 |
| 2020 | $8,366 | $612,000 | $510,000 | $102,000 |
| 2019 | $7,429 | $596,700 | $510,000 | $86,700 |
| 2018 | $3,909 | $297,618 | $216,451 | $81,167 |
| 2016 | $3,723 | $286,063 | $208,047 | $78,016 |
| 2015 | $3,672 | $281,767 | $204,922 | $76,845 |
| 2014 | $3,704 | $276,248 | $200,908 | $75,340 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Price Changed | $1,180,000 | -1.7% | $983 / Sq Ft |
| 06/02/2025 06/02/25 | For Sale | $1,200,000 | +105.1% | $1,000 / Sq Ft |
| 05/03/2018 05/03/18 | Sold | $585,000 | -22.0% | $238 / Sq Ft |
| 04/19/2018 04/19/18 | Pending | -- | -- | -- |
| 03/17/2017 03/17/17 | For Sale | $749,950 | +172.7% | $305 / Sq Ft |
| 08/21/2012 08/21/12 | Sold | $275,000 | -5.2% | $112 / Sq Ft |
| 06/19/2012 06/19/12 | Pending | -- | -- | -- |
| 12/28/2011 12/28/11 | For Sale | $290,000 | -- | $118 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Stewart Title Company | |
| Grant Deed | $600,000 | Consumers Title Company | |
| Grant Deed | $585,000 | Consumers Title Company | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | $275,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Stewart Title Mad Anaheim | |
| Interfamily Deed Transfer | -- | Stewart Title Mad Anaheim | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Grant Deed | $158,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $450,000 | Commercial | |
| Previous Owner | $450,000 | New Conventional | |
| Previous Owner | $375,000 | New Conventional | |
| Previous Owner | $206,250 | New Conventional | |
| Previous Owner | $472,000 | New Conventional | |
| Previous Owner | $185,000 | Unknown | |
| Previous Owner | $150,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25053038
APN: 5050-006-036
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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