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2424 West Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2424 West Boulevard, Los Angeles, California 90016 home-pic-0
ACTIVE$990,000
2424 West Boulevard, Los Angeles, California 90016
0Bed
0Bath
1,200Sqft
4,284Lot
Year Built
1923
Close
-
List price
$990K
Original List price
$1.2M
Price/Sqft
$825
HOA
-
Days on market
-
Sold On
-
MLS number
PW25053038
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $990.0K(50th), sqft - 1200(14th), beds - undefined(50th), baths - undefined(50th).

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.

Nearby schools

5/10
Virginia Road Elementary School
Public,•K-5•0.4mi
4/10
Alta Loma Elementary School
Public,•K-5•0.6mi
5/10
Cienega Elementary School
Public,•K-5•0.8mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.1mi
6/10
Marvin Elementary School
Public,•K-5•1.4mi
6/10
Baldwin Hills Elementary School
Public,•K-5•1.7mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•0.9mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
3/10
Daniel Webster Middle School
Public,•6-8•5.5mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.9mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.8mi

Price History

Date
Event
Price
12/11/25
Price Change
$990,000-3.4%
11/11/25
Price Change
$1,025,000-2.4%
10/30/25
Price Change
$1,050,000-4.5%
09/25/25
Price Change
$1,100,000
06/02/25
Listing
$1,200,000
06/12/19
Sold
$600,000
05/03/18
Sold
$585,000
08/21/12
Sold
$275,000
12/17/99
Sold
$158,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old and shows significant signs of age and deferred maintenance. Both kitchens are extremely dated with old cabinets, basic appliances, outdated flooring (checkered linoleum, tile), and old light fixtures; one even features an exposed exhaust pipe. The presence of window AC units indicates a lack of central cooling. The overall aesthetic is very old-fashioned, and the property description itself highlights it as a 'value-add' opportunity requiring 'strategic management' to create value, strongly suggesting substantial rehabilitation is needed to bring it to modern living standards.
Pros & Cons

Pros

Exceptional Investment Potential: The property is explicitly marketed as an 'exceptional investment opportunity' with 'tremendous potential for value creation' through strategic management, appealing to investors seeking growth.
Prime West Adams Location: Located in a 'rapidly evolving' neighborhood experiencing 'significant appreciation' (8.23% annually over 5 years) and proximity to major employment hubs like Downtown LA, Culver City, and USC.
Multi-Unit Income Property: A triplex with three distinct units (one 3-bed, two 1-bed) provides diversified income streams and flexibility for an investor.
Significant Rent Upside: Current rents are substantially below market potential (e.g., 3-bed unit at $1,580 vs. market $3,750), offering a clear path to increased cash flow and property value post-acquisition.
Ample Parking: The property includes driveway parking for three vehicles and a one-car garage, a valuable amenity in a dense urban environment like Los Angeles.

Cons

Substantially Under-Market Rents: While offering upside, the current low rents mean immediate cash flow is suppressed, and realizing market potential will require active management, potential tenant turnover, and associated costs/risks.
Age of Property: Built in 1923, the property is over 100 years old, suggesting potential for outdated systems, deferred maintenance, and higher capital expenditure requirements for renovations or upgrades to meet modern standards.
Recent Price Reductions: The listing has undergone multiple price reductions from $1.2M to $990K, which could indicate initial overpricing or challenges in attracting buyers at higher valuations.

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