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4427 Exposition Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - 6 bed, 3 bath

4427 Exposition Boulevard, Los Angeles, California 90016 home-pic-0
ACTIVE$1,348,000
4427 Exposition Boulevard, Los Angeles, California 90016
6Beds
3Baths
2,498Sqft
6,072Lot
Year Built
1946
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$540
HOA
-
Days on market
-
Sold On
-
MLS number
SR25068338
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.35M(50th), sqft - 2498(50th), beds - 6(86th), baths - 3(86th).

Prime 3-Plex Investment Opportunity in West Adams – Spacious Units with Immediate Value-Add Potential! This well-maintained triplex offers a rare blend of immediate income potential and long-term upside. Featuring three spacious 2-bedroom, 1-bathroom units, this property is ideal for both investors and owner-occupants. One unit is fully remodeled with new flooring, an updated kitchen and bath, and modern fixtures— premium rental pricing. Another unit is available for immediate occupancy or leasing at market rent, offering a built-in value-add opportunity. The two occupied units are already generating steady income at market rents, with one presenting future rent increase potential. Located in the heart of West Adams, one of LA's fastest-growing and most sought-after neighborhoods, this property offers the perfect blend of convenience and lifestyle appeal. With a Walk Score in the 80s, it provides easy access to trendy cafes, restaurants, and retail hotspots, while being just minutes from public transportation, the Metro Expo Line, and major freeways, making commuting a breeze. This is a rare chance to secure a property with strong current cash flow, prime location perks, and significant appreciation potential. Don’t miss this exceptional investment opportunity—schedule a private tour today!

Nearby schools

5/10
Virginia Road Elementary School
Public,•K-5•0.4mi
5/10
Cienega Elementary School
Public,•K-5•0.7mi
6/10
Baldwin Hills Elementary School
Public,•K-5•1.2mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.2mi
6/10
Marvin Elementary School
Public,•K-5•1.3mi
4/10
Alta Loma Elementary School
Public,•K-5•1.3mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.6mi
2/10
Audubon Middle School
Public,•6-8•1.3mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.6mi
3/10
Daniel Webster Middle School
Public,•6-8•5.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.1mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.6mi

Price History

Date
Event
Price
04/02/25
Listing
$1,348,000
07/15/21
Sold
$956,500
Condition Rating
Fair
The property, a triplex built in 1946, is described as 'well-maintained.' While one unit has been fully remodeled with a modern kitchen (white shaker cabinets, quartz countertops, stainless steel appliances, recessed lighting) and a contemporary bathroom (subway tile, modern vanity, black fixtures), the listing explicitly states this applies to only 'one unit.' The images provided showcase this extensively updated unit, which would individually score 'Excellent.' However, the description also mentions 'value-add opportunity' for another unit and 'future rent increase potential' for a third, indicating that these units are not in the same pristine condition. Considering the overall age of the building and the varying conditions across the three units, with only one being fully modernized, the property as a whole requires updates in the other units to meet current standards, placing its overall condition in the 'Fair' category.
Pros & Cons

Pros

Prime Investment Opportunity: This triplex offers a rare blend of immediate income potential and long-term upside, ideal for both investors and owner-occupants seeking residential income.
Strong Cash Flow & Value-Add Potential: Two units are already generating steady market rents, with one offering future rent increase potential, and a third unit is available for immediate occupancy or leasing at market rate, providing built-in value-add.
Desirable West Adams Location: Situated in the heart of West Adams, one of LA's fastest-growing and most sought-after neighborhoods, offering significant appreciation potential.
Excellent Walkability & Transit Access: Boasts a Walk Score in the 80s, providing easy access to trendy cafes, restaurants, retail, public transportation, the Metro Expo Line, and major freeways for convenient commuting.
Partially Remodeled Unit: One unit is fully remodeled with new flooring, an updated kitchen and bath, and modern fixtures, allowing for premium rental pricing and immediate appeal.

Cons

Age of Property: Built in 1946, the property may require ongoing maintenance and potential upgrades to older systems (plumbing, electrical, HVAC) across all units, despite being described as 'well-maintained'.
Inconsistent Unit Modernization: Only one of the three units is fully remodeled, indicating that the other two units likely require significant capital investment for updates to maximize their rental income and appeal.
Lack of Views: The property explicitly states 'None' for views, which could be a drawback in a competitive Los Angeles market where desirable views often command a premium.

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