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2312 West Blvd
Off-Market Call for Pricing
Call for Pricing
- 4 Bedrooms
- 4.00 Bathrooms
- 4,056 Sq Ft
- 5,998 Sq Ft
Description
We are pleased to present the opportunity to acquire a four-unit apartment community situated in between Mid-City & West Adams. The subject property is located just north of the 10 Freeway & west of Crenshaw Boulevard. The property is situated on a 5,998 square foot parcel and comprises of four one-bedroom units. There is 44% remaining rental upside that new ownership can capture through interior renovations. The immediate area is undergoing significant gentrification, with numerous new developments and renovations taking place, making it a prime location for a real estates investment. Overall, 2312-2314 West Boulevard offers an exceptional opportunity for investors to acquire a well located property with healthy returns and long-term appreciation potential.
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Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,100,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,056 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1924 |
| Last Sold | May 14, 2024 |
| Sold Price | 1,061,500 |
| APN # | 5061027021 |
| MLS # | 24373887 |
| Property ID | 320147578 |
| Lot Sqft | 5,998 |
| Zoning | LAR2 |
| Total Units | 4 |
| Date Updated | May 16, 2024 |
| Date Created | March 28, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,995 | $2,350 |
| Unit #2 | 1 | 1.00 | $906 | $2,350 |
| Unit #3 | 1 | 1.00 | $1,638 | $2,350 |
| Unit #4 | 1 | 1.00 | $2,000 | $2,350 |
| Gross Income (Yr) | $ 78,468 |
| Operating Expenses | $ 24,703 |
| Net Income (Yr) | $ 53,765 |
| Cap Rate | 4.89% |
Listing Provided By
Sean Rosenzweig an agent of . Lic #01406343
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