2937 West Boulevard

Los Angeles, CA 90016

$3,199,000
Price
15
Beds
17
Baths
7,139 Sq. Ft.
$448 / Sq. Ft.
7,139
Sq. Ft.
$448
per Sq. Ft.

Description

2937 West Blvd is a Fully Stabilized NON-RENT CONTROLLED fourplex in the Ultra Hot WEST ADAMS District just minutes from Downtown Culver City and the Culver City Arts District! This is your opportunity to secure a healthy CAP RATE while owning a stunning 2023 built non-rent control property. Front building features: one 3-story 5 bed, 5.5 bath- 2,273 of living Sq. Ft with an attached 2 car garage (335) Sq. Ft including access to the roof top deck that provides an easy breezy outdoor living space...2937 West Blvd is a Fully Stabilized NON-RENT CONTROLLED fourplex in the Ultra Hot WEST ADAMS District just minutes from Downtown Culver City and the Culver City Arts District! This is your opportunity to secure a healthy CAP RATE while owning a stunning 2023 built non-rent control property. Front building features: one 3-story 5 bed, 5.5 bath- 2,273 of living Sq. Ft with an attached 2 car garage (335) Sq. Ft including access to the roof top deck that provides an easy breezy outdoor living space with unmatched city views, with an attached 2-bedroom 1-bathroom ADU-970 Sq. Ft of functional living floor plan. The detached rear building features: two 3-story 4 bed,5 full baths-each unit is 1,757 Sq. Ft with an attached 1 car garage for each unit, including independent access to the roof top deck that provides unmatched city views. This design choice is invaluable to renters, who appreciate having their own separate living quarters and outdoor space including the convenience of not having to share parking accessibility-lot size 7,787 and combined living Sq. Ft including garages 7,844. Each unit is individually metered for water, gas and electric making the operating expenses at a minimum! Additional amenities: Fully equipped with all appliances, custom mini blinds throughout, usable balconies, front building independent yard, a large rear patio for the rear building, high quality finishes, walk-in closets with built in shelving, laundry hookups in each unit, high-end modern kitchens, and large, stunning bathrooms. Commuters enjoy close proximity to several of the most ground-breaking mixed-use developments: Alsace LA Boutique Hotel, Zoe Lofts, Platform, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the now operating Cumulus District/Whole Foods featuring live, work and play residences. And the following trendy restaurants: Alta Adams, Vicky's All Day, Mizlala, World Famous Johnny's West Adams, Farmhouse Kitchen, Party Beer Co, Delicious Pizza, Highly Likely and so many more all within a walkable score of 81 and a bike able score of 64 plus the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants! This is the one for your 1031 exchange buyers and investors to step into an immediate cash flow property at a true cap rate = 6.03%.
  1. Listed by XIO SANDOVAL • DRE #01308913 • Brokerage DRE #01525011 • CENTURY 21 REALTY MASTERS • 323-253-5456

Property Details for 2937 West Boulevard

Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7139
Assessor Parcel Number
5050-024-008

Location

Listing Courtesy of CENTURY 21 REALTY MASTERS, XIO SANDOVAL, DRE #01308913
Add your commute
LISTING UPDATED: 03/28/2024 11:29 PM

Property Details for 2937 West Boulevard

StatusActive
MLS #MB24061829
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.18 AC / 7,787 SF
CountyLos Angeles County

Location

Listing Courtesy of CENTURY 21 REALTY MASTERS, XIO SANDOVAL, DRE #01308913
Add your commute

Building Information for 2937 West Boulevard

Stories3Residences-Year Built2023Building Size-Lot Size0.18 AC / 7,787 SF

Payment Calculator

$18,468 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,458

Property Taxes

$1,010

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2937 West Boulevard

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $219,600
  • Vacancy Allowance Rate: 4
  • Gross Operating Income: $210,816
  • Net Operating Income: $193,186
  • Gross Multiplier: 14.56
  • Cap Rate: 6.03
Expense Details
  • Operating Expense: $26,414
  • Gardener Expense: $1,200
  • Insurance Expense: $6,264
  • Maintenance Expense: $2,500
  • Professional Management Expense: $4,800
  • Trash Expense: $0
  • Total Expenses: $14,764
Tax / Assessment Info
  • Tax Annual Amount: $12,119
  • Tax Tract Number: 5780
  • Tax Census Tract: 2200.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 498
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Entry Location: ground level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped, Lot 6500-9999
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Three Or More
  • Water: Private
  • Sewer: Public Sewer
  • Water Source: Private
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Direct Entrance, Door Opener, Driveway
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Front, Garage Door Opener
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 6
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,800
  • Unit Type Total Rent: $5,800
  • Unit Type Pro Forma: 5800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,700
  • Unit Type Total Rent: $4,700
  • Unit Type Pro Forma: 4700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,800
  • Unit Type Total Rent: $4,800
  • Unit Type Pro Forma: 4800
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4

Property History for 2937 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 2937 West Boulevard

Taxable ValueLand$816,000Additions$163,200Total$979,200
Tax Record2023$12,119 ($1,010 / month)
Home Facts
Beds3Total Finished SqFt1,272 SqFtAbove Grade Finished SqFt1,272 SqFtStories1Lot Size7,787 SqFtStyleSingle Family ResidenceYear Built1925ZoningLAR2CountyLOS ANGELESAPN5050-024-008

Schools near 2937 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
Virginia Road 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.

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2937 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 CENTURY 21 REALTY MASTERS, it's currently listed at $3,199,000. It has been on the market for a total of 33 days and was last sold on July 27, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Virginia Road Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 2937 West Boulevard is a 15-bed, 17-bath, 7,139 sqft multi-family home built in 2023.

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 CENTURY 21 REALTY MASTERS, XIO SANDOVAL, DRE #01308913

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.