RealKey
‪(213) 433-7766‬

2947 West Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - 9 bed, 6 bath

2947 West Boulevard, Los Angeles, California 90016 home-pic-0
ACTIVE$1,695,000
2947 West Boulevard, Los Angeles, California 90016
9Beds
6Baths
3,384Sqft
7,786Lot
Year Built
1924
Close
-
List price
$1.7M
Original List price
$1.79M
Price/Sqft
$501
HOA
-
Days on market
-
Sold On
-
MLS number
SB25240612
Home ConditionExcellent
Features
ViewCity Lights,Courtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $1.70M(71th), sqft - 3384(50th), beds - 9(86th), baths - 6(86th).

2947 West Blvd offers an exceptional opportunity for a homeowner who wants the best of both worlds — a beautiful place to live and strong supplemental income. Located in the heart of the rapidly growing West Adams neighborhood, this well-maintained property provides a rare chance to enjoy modern living in a vibrant, central Los Angeles community while offsetting your mortgage with reliable rental income. Three of the units are occupied by long-term Section 8 tenants, giving you peace of mind with consistent, guaranteed monthly payments. The two newly constructed ADUs are leased near market rate and offer clean, updated finishes, ideal for creating steady financial security. Whether you plan to live in one of the units or simply enjoy the benefits of a low-maintenance property, this setup is perfect for anyone seeking stability and flexibility. Beyond the numbers, 2947 West Blvd is all about lifestyle. West Adams has become one of LA’s most exciting and evolving neighborhoods, known for its charming historic streets, trendy cafés and restaurants, and easy access to Culver City, Mid-City, and Downtown LA. You’ll enjoy convenient connections to major job centers, transit, and everyday amenities, all while being part of a community that continues to grow in value and appeal. This offering delivers a rare chance to live comfortably while building wealth in one of LA’s most desirable, fast-rising areas. An incredible price adjustment makes it even more attainable — ideal for the buyer who wants to plant roots and benefit from strong, long-term upside.

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
6/10
Marvin Elementary School
Public,•K-5•1.3mi
3/10
Arlington Heights 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
10/29/25
Price Change
$1,695,000-5.6%
10/21/25
Listing
$1,795,000
06/30/23
Sold
$978,000
Condition Rating
Excellent
Despite the 1924 build year, the property features two newly constructed ADUs with modern, updated finishes, including new white shaker kitchens with contemporary appliances and bathrooms with tiled showers/tubs and modern vanities. The main house units also show signs of extensive recent renovation, with new wood-look laminate flooring, fresh paint, and updated bathrooms featuring modern fixtures and tiling. All visible components appear new or virtually new, meeting current quality standards, indicating a recent and thorough renovation across the livable spaces.
Pros & Cons

Pros

Exceptional Income Generation: This multi-unit property (quadruplex with 2 ADUs) offers robust rental revenue, including three Section 8 tenancies for guaranteed income and two newly constructed ADUs leased at market rate.
Highly Desirable & Appreciating Location: Situated in the rapidly growing and vibrant West Adams neighborhood, known for its community appeal, excellent accessibility to major LA employment centers, and significant appreciation potential.
Modern & Updated ADUs: Two newly constructed Accessory Dwelling Units (ADUs) provide modern living spaces with updated finishes, significantly enhancing the property's appeal, rental income, and overall value.
Guaranteed Rental Stability: Three units are occupied by long-term Section 8 tenants, ensuring consistent and reliable monthly payments, which substantially de-risks the investment for a buyer.
Owner-Occupancy & Wealth Building Opportunity: Offers the unique flexibility for an owner to reside in one unit while benefiting from substantial supplemental income, facilitating mortgage offset and long-term wealth accumulation.

Cons

Subpar School Ratings: The property falls within the attendance zones for middle and high schools with low performance ratings (Audubon Middle and Susan Miller Dorsey Senior High, both rated 2/10), which may be a concern for families.
Age of Original Construction: Built in 1924, the original structure, despite being described as well-maintained, may present inherent challenges related to older systems, potential for unforeseen maintenance, or less energy efficiency compared to newer builds.
Rapid Price Escalation: The property's current list price of $1.695M represents a substantial increase from its June 2023 sale price of $978,000. While ADUs justify value, this rapid appreciation might lead some buyers to scrutinize the current market valuation and immediate upside potential.

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