3301 Obama Boulevard, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$2,099,000
3301 Obama Boulevard, Los Angeles, California 90018
0Bed
0Bath
5,195Sqft
6,724Lot
Year Built
1944
Close
-
List price
$2.1M
Original List price
$2.45M
Price/Sqft
$404
HOA
-
Days on market
-
Sold On
-
MLS number
OC25154892
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros.
***UPDATE*** All units are fully leased! Priced to Sell! Investor's Dream – New 6-Unit in Prime LA Location! Fully redeveloped property at 3301 Obama Blvd featuring 6 units with high-quality finishes throughout. Low maintenance, strong rent potential, and modern construction in a rapidly growing neighborhood. Units include (1) 3BD/2BA, (1) 3BD/1BA, (1) 2BD/1BA, and (3) 1BD/1BA. Bonus: extra open parking on the street behind the property. Turnkey income property built to perform—ideal for investors seeking reliable cash flow from day one. A must-see opportunity!
Price History
Date
Event
Price
10/23/25
Price Change
$2,099,000-4.5%
09/25/25
Price Change
$2,199,000-2.2%
08/16/25
Price Change
$2,249,000
07/11/25
Listing
$2,449,000
02/24/23
Sold
$575,000
Condition Rating
Excellent
Despite the original build year of 1944, the listing explicitly states this is a 'Fully redeveloped property' and a 'New 6-Unit' with 'modern construction' and 'high-quality finishes throughout'. The images confirm this, showcasing brand new kitchens with stainless steel appliances, two-tone modern cabinetry, quartz countertops, and recessed lighting. Bathrooms are also completely new with modern vanities, tiled showers, and contemporary fixtures. The property features new wood-look laminate flooring, fresh paint, modern light fixtures, and updated exteriors, indicating a very recent and extensive renovation that meets current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Turnkey Income Property: All six units are fully leased, providing immediate and reliable cash flow for investors from day one, minimizing vacancy risk.
Prime Location: Situated on Obama Boulevard in a rapidly growing Los Angeles neighborhood, offering strong potential for appreciation and tenant demand.
Recent Redevelopment & Modern Finishes: The property has been fully redeveloped with high-quality finishes and modern construction, ensuring low maintenance and attractive units for tenants.
Diversified Unit Mix: Comprising a mix of 3BD/2BA, 3BD/1BA, 2BD/1BA, and 1BD/1BA units, catering to a broad range of tenant needs and market segments.
Bonus Parking: Includes extra open parking on the street behind the property, a significant advantage in a dense urban area like Los Angeles.
Cons
Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $2.449M to $2.099M, potentially indicating market resistance or initial overvaluation.
Original Build Year (1944): Despite being redeveloped, the property's original construction year of 1944 could imply older underlying structural components or systems that may not have been fully upgraded, leading to potential future maintenance.
Lack of Detailed Redevelopment Scope: While described as 'fully redeveloped,' the extent of the renovation (e.g., structural, plumbing, electrical system replacements) is not explicitly detailed, which may raise questions about long-term capital expenditure requirements.