RealKey
‪(213) 433-7766‬

3301 Obama Boulevard, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

3301 Obama Boulevard, Los Angeles, California 90018 home-pic-0
ACTIVE$2,799,000
3301 Obama Boulevard, Los Angeles, California 90018
0Bed
0Bath
5,195Sqft
6,724Lot
Year Built
1944
Close
-
List price
$2.8M
Original List price
$3M
Price/Sqft
$539
HOA
-
Days on market
-
Sold On
-
MLS number
DW25051137
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.80M(85th), sqft - 5195(85th), beds - undefined(50th), baths - undefined(50th).

WELCOME TO OBAMA BL, THIS AMAZING 6-UNIT RENTAL INCOME PROPERTY, FRONT UNIT IS AN SFR WITH 3-BEDS 1-BATH, BACK UNITS ARE (1) 3-BEDS 2-BATHS (2) 2-BEDS 1-BATH (3) 1-BED 1-BATH (4) 1-BED 1-BATH (5) 1-BED 1-BATH, ALL UNITS COME EQUIPED WITH MINI SPLITS, STOVES, LAUNDRY ROOMS IN ALL UNITS, LARGE BEDROOMS WITH OPEN SPACE IN THE LIVINGROOM/DINNING AREA, ALL BACK UNITS ARE NEW CONSTRUTION, UNITS ARE ALL TENANT READY, THIS AMAZING PROPERTY IS LOCATED IN VERY NICE QUITE/SERENE NEIGHBORHOOD WALKING DISTANCE TO THE NEW CRENSHAW METRO AND SHOPPING AREA, 15MIN DRIVE TO SOFI STADIUM & INTUIT ARENA AND KIA FORUM,THIS IS A PERFECT INVESTMENT CASH FLOW PROPERTY.

Price History

Date
Event
Price
02/24/23
Sold
$575,000
Condition Rating
Excellent
Despite the original 1944 build year, the listing explicitly states 'ALL BACK UNITS ARE NEW CONSTRUTION' and images confirm extensive, recent renovations across all units. Kitchens feature modern white shaker cabinets, stainless steel appliances, and light countertops. Bathrooms are fully updated with modern vanities and tiled showers. All units boast new LVP/laminate flooring, recessed lighting, and modern mini-split AC systems, indicating a comprehensive renovation within the last 5 years, meeting current quality standards.
Pros & Cons

Pros

High Income Potential: The property is explicitly marketed as an 'amazing 6-unit rental income property' and a 'perfect investment cash flow property,' indicating strong revenue generation capabilities.
Modernized Units & Amenities: All back units are new construction, and all units are equipped with desirable features such as mini splits, stoves, and in-unit laundry rooms, making them tenant-ready and appealing.
Excellent Location & Connectivity: Situated in a 'nice quiet/serene neighborhood' with walking distance to the new Crenshaw Metro and shopping, and a 15-minute drive to major attractions like SoFi Stadium, Intuit Arena, and Kia Forum.
Diverse Unit Mix: The property offers a varied unit configuration, including a 3-bed SFR, a 3-bed/2-bath, a 2-bed/1-bath, and three 1-bed/1-bath units, catering to a wide range of tenant needs and maximizing occupancy potential.
Recent Price Adjustment: The list price has been reduced from an original $3,000,000 to $2,799,000, potentially offering a more competitive entry point for investors.

Cons

Unit Count Discrepancy: The description states '6-unit rental income property' but the `sub_type` is listed as 'Quadruplex,' which could indicate potential zoning, permitting, or legal compliance issues for the additional units.
Age of Original Structure: While back units are new construction, the front SFR unit and the overall property were built in 1944, suggesting that older infrastructure or the original building may require significant maintenance or future capital expenditures.
Lack of Financial Transparency: Despite being touted as a 'cash flow property,' the listing does not provide specific financial details such as current rental income, occupancy rates, or operating expenses, requiring extensive due diligence from potential investors.

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