23
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$1,695,000
Est. payment /mo
7,786 Sqft Lot
Price Dropped by $100K
2947 West BLD Los Angeles, CA 90016
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25233224
Year Built 1924
Lot Size 7,786 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
HUGE $100,000 Price Adjustment! IDEAL OWNER/USER INVESTMENT!! 2947 West Blvd presents a prime multifamily investment opportunity located in the rapidly appreciating West Adams neighborhood of Los Angeles. With a 6.41% cap rate, this well-maintained property combines dependable income, modern construction, and strong market fundamentals. The property features income-producing units, three of which are occupied by Section 8 tenants, providing secure and guaranteed government-backed rent payments. Additionally, two of the units are newly constructed ADUs and are leased near market rate, offering reliable, stable cash flow, ideal for both investors and potential owner-users. Situated in one of Los Angeles' most dynamic submarkets, 2947 West Blvd benefits from continued neighborhood revitalization, proximity to major employment centers, and convenient access to transit corridors connecting Culver City, Mid-City, and Downtown Los Angeles. This asset delivers a rare combination of turnkey stability and long-term appreciation potential in one of the city's most desirable multifamily corridors.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 5050024010
Special Listing Condition Not Applicable
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