Address
3443 West Boulevard Los Angeles, CA
Price
$ 2,250,000
Property Attributes
  • MLS#SB20157057
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90016
  • Style
  • Price$ 2,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4765
  • Lot Size9,396 SqFt
Listing Provided Courtesy Of:
Cameron Samimi with Lyon Stahl Investment Real Estate, Inc..
Property Description

Currently operating above a 5% Cap, 3443 West Blvd. is a Beautifully Remodeled, 10-Unit asset located in West Adams. Seven of the ten units in the West Blvd. apartments have undergone renovation in 2019/2020, offering an investment with minimal work to be done with still 22% upside. West Blvd. is comprised of (8) 1-Bed/1-Bath & (2) Studio units, with a majority operating close to top of the market rents. For the remodeled units, those include all new flooring, new paint, new fixtures, new countertops, and new appliances. New hot water heaters were also installed in each. The electrical system in the garage has been upgraded as the current owners have inputted new laundry machines. The plumbing has been upgraded to Copper throughout a majority of the property. Exterior upgrades to the property include building out the front yards, stucco repair, paint, and new garage doors. There is still upside in rental income with a market 10.20 GRM and 7.30% Cap. This is a great opportunity to own a stabilized, high cash flow property in one of Los Angeles's booming markets.

Price History
8/5/2020 Listed $2,350,000
8/11/2020 5% - $2,250,000

General Features

Attached Structure Detached
Community Features Gutters, Sidewalks, Street Lights
Directions Off of Jefferson and West Blvd
Garage Spaces 3.00
Listagentaor South Bay
Listing Agent Cameron Samimi - BRE#02035763
Listing Agent State License 02035763
MLS Area C16 - Mid Los Angeles
Pool Features None
Price Per Square Foot 472.19
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 10
Zoning LAR2

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Individual Room
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 4765.00
Lot Features 0-1 Unit/Acre
Lot Size Acres 0.2157
Lot Size Area 9397.0000
Lot Size Source Assessor
Lot Size Square Feet 9397.00
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 10
Number of Separate Gas Meters 10
Number of Separate Water Meters 1
Total Parking 3.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90016

Price
AVG $1.46M
$2.25M
Visits
AVG 21
25
Year Built
AVG 1954
1930

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