RealKey
‪(213) 433-7766‬

2937 West Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2937 West Boulevard, Los Angeles, California 90016 home-pic-0
ACTIVE$3,200,000
2937 West Boulevard, Los Angeles, California 90016
0Bed
0Bath
7,139Sqft
7,787Lot
Year Built
2023
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$448
HOA
-
Days on market
-
Sold On
-
MLS number
MB25228495
Home ConditionExcellent
Features
Excellent View:
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.20M(86th), sqft - 7139(86th), beds - undefined(50th), baths - undefined(50th).

2937 West Blvd is a FULLY STABILIZED NON-RENT CONTROLLED 4-UNITS: Make this your next building positioned in the Ultra Hot WEST ADAMS District just minutes from Downtown Culver City and the Culver City Arts District! This is your opportunity to secure a healthy CAP RATE (Monthly rent: $18,700) 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 creative 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: $18,700 - actual rent.

Nearby schools

5/10
Virginia Road Elementary School
Public,•K-5•0.2mi
5/10
Cienega Elementary School
Public,•K-5•0.7mi
4/10
Alta Loma Elementary School
Public,•K-5•1.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.1mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.3mi
6/10
Marvin Elementary School
Public,•K-5•1.3mi
6/10
Baldwin Hills Elementary School
Public,•K-5•1.4mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.3mi
2/10
Audubon Middle School
Public,•6-8•1.5mi
3/10
Daniel Webster Middle School
Public,•6-8•5.4mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.4mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.8mi

Price History

Date
Event
Price
09/29/25
Listing
$3,200,000
07/27/21
Sold
$960,000
04/19/05
Sold
$400,000
Condition Rating
Excellent
This property was built in 2023, making it a brand-new construction. The description highlights 'high-end modern kitchens,' 'large, stunning bathrooms,' 'high quality finishes,' and being 'fully equipped with all appliances.' The images corroborate this, showing contemporary design, new flooring, recessed lighting, and modern fixtures throughout. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Non-Rent Control: Built in 2023, this fully stabilized property is exempt from rent control, offering significant long-term investment security and flexibility in the Los Angeles market.
Exceptional Cash Flow & Cap Rate: With an actual monthly rent of $18,700, the property provides immediate, strong cash flow and a healthy CAP RATE, making it an attractive opportunity for investors.
Prime West Adams Location: Situated in the 'Ultra Hot WEST ADAMS District,' it offers excellent walkability (score 81) and proximity to major employment hubs like Amazon and HBO, trendy restaurants, and mixed-use developments, attracting outstanding professional tenants.
Diverse Unit Mix & ADU: The property features a versatile configuration including a 5-bed unit, an attached 2-bed ADU, and two 4-bed units, maximizing rental income potential and appealing to a broad tenant base.
Minimized Operating Expenses & Premium Features: Each unit is individually metered for all utilities (water, gas, electric), significantly reducing landlord operating costs. Units boast high-end modern finishes, private rooftop decks with city views, and dedicated attached garages.

Cons

High Capital Investment: The $3.2 million list price represents a substantial upfront investment, potentially limiting the buyer pool to high-net-worth individuals or institutional investors.
Potential for High Turnover Costs: As a multi-unit rental property, there's an inherent risk of more frequent tenant turnover compared to owner-occupied properties, leading to re-leasing expenses and potential vacancy periods.
Limited Traditional Green Space: While units offer private balconies and rooftop decks, the overall lot design prioritizes density, resulting in limited traditional ground-level yard or green space, which might not appeal to all prospective tenants, particularly families with young children or pets.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state