2312 West Boulevard

Los Angeles, CA 90016

$1,100,000
Price
4
Beds
4
Baths
4,056 Sq. Ft.
$271 / Sq. Ft.
4,056
Sq. Ft.
$271
per 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...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.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2312 West Boulevard

Zoning
LAR2
Parcel Number
5061027021
Total Units
4.0
Living Area
4056
Source Living Area
Assessor
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
5998

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute
LISTING UPDATED: 04/05/2024 12:01 AM

Property Details for 2312 West Boulevard

StatusActive
MLS #24-373887
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.14 AC / 5,998 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute

Building Information for 2312 West Boulevard

Stories2Residences-Year Built1924Building Size-Lot Size0.14 AC / 5,998 SF

Payment Calculator

$6,491 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$488

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2312 West Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $78,468
  • Net Operating Income: $53,765.00
  • Gross Income: $78,468
  • Cap Rate: 4.89%
  • Gross Rent Multiplier: $14.02
  • Total Annual Expense: 24703
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1377
  • Lot Size Square Feet: 5998
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 4
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-28-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $906.00
  • Unit Actual Rent: $906.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,638.00
  • Unit Actual Rent: $1,638.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $194,367.00
  • Assessed Improvement Percent: 44.6
  • Assessed Land Value: $241,452.00
  • Assessed Land Percent: 55.4
  • Assessed Total Value: $435,819.00

Property History for 2312 West Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2312 West Boulevard

Taxable ValueLand$241,452Additions$194,367Total$435,819
Tax Record2023$5,857 ($488 / month)
Home Facts
Total Finished SqFt4,056 SqFtAbove Grade Finished SqFt4,056 SqFtLot Size5,999 SqFtStyleQuadraplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN5061-027-021

Schools near 2312 West Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Alta Loma Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2312 West Boulevard is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on March 28, 2024 by Marcus & Millichap, it's currently listed at $1,100,000. It has been on the market for a total of 34 days and was last sold on December 5, 2011. This listing's school district is Los Angeles Unified School District. Nearby schools include Alta Loma Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 2312 West Boulevard is a 4-bed, 4-bath, 4,056 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.