2424 West Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
2424 West Boulevard
Los Angeles, California 90016
Property Price
SUMMARY
Analysis of 2424 West Boulevard, Los Angeles, California 90016 is currently available with a list price of $975,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This 1923-built triplex is in functional, livable condition but is clearly dated and requires modernization to achieve market rents. The kitchens feature older cabinetry and basic, aging appliances, while the bathrooms show vintage tiling and fixtures. The presence of wall heaters and older electrical/plumbing infrastructure typical of a century-old building, combined with the 'value-add' description in the listing, confirms that while the property has been maintained, it has not undergone a comprehensive renovation in recent decades.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Potential
There is a massive gap between the current gross monthly rent of approximately $4,073 and the projected market potential of $7,550, offering investors a clear path to nearly double the income.
- High-Growth Location
Situated in the rapidly appreciating West Adams neighborhood, the property benefits from an 8.23% average annual value increase and proximity to major employment hubs like Culver City and Downtown LA.
- Desirable Unit Mix and Parking
The triplex features a versatile mix including a large 3-bedroom rear home and rare off-street parking for four vehicles, making it highly attractive to a diverse tenant pool.
CONSRISKS & DEFICIENCIES
- Rent Control Constraints
The significant under-market rents suggest long-term tenancies likely protected by Los Angeles Rent Stabilization Ordinance (RSO), which can complicate and delay the transition to market-rate returns.
- Vintage Infrastructure
Built in 1923, this century-old property may require substantial capital expenditures for deferred maintenance or system upgrades to meet modern standards and achieve top-tier market rents.
About 2424 West Boulevard
Discover an exceptional investment opportunity in the heart of West Adams, Los Angeles. This charming multi-unit property at 2424 West Blvd offers tremendous potential for value creation through strategic management. The property features: - Front unit: A delightful one-bedroom apartment with a manicured yard and succulent garden - Center 1-bedroom, 1-bathroom unit -Rear unit: A spacious two-story, 3-bedroom, 1.5-bathroom home - Driveway parking for three vehicles - One Car Garage Current unit mix and rents: 1. 3 Bedroom, 1.5 Bathroom: $1,580/month 2. 1 Bedroom, 1 Bathroom: $965/month 3. 1 Bedroom, 1 Bathroom: $1,528/month Market rent potential: - 3 Bedroom units: $3,750/month - 1 Bedroom units: $1,900/month Located in the rapidly evolving West Adams neighborhood, this property is perfectly positioned to benefit from the area's ongoing revitalization. With its proximity to major employment hubs, including Downtown LA, Culver City, and USC, the location is ideal for attracting young professionals and students. West Adams has been experiencing significant appreciation, with property values increasing by an average of 8.23% per year over the past five years. This trend, combined with the neighborhood's growing popularity, makes this property an excellent investment opportunity. Don't miss this chance to acquire a value-add property in one of Los Angeles' most promising neighborhoods. With strategic management and targeted improvements, this multi-unit gem has the potential to generate substantial returns in the thriving West Adams real estate market.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1923
- Lot Size
- 4,284 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Virginia Road Elementary School
Grades K-5 • 0.4 mi
Alta Loma Elementary School
Grades K-5 • 0.6 mi
Cienega Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,200 | 2,459 | 11% |
| Lot Size | 4,284 | 5,554 | 11% |
| Price | $975.0K | $1.10M | 44% |
| Price per sq ft | $812 | $455 | 89% |
| Built year | 1923 | 1944 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 277 | 221 | 89% |
Pricing History
Listed for Sale
Feb 22, 2026
$975,000
$990,000
-2% Price Drop
Initial Listing
Price Change
Dec 11, 2025
$990,000
$1,025,000
-3% Price Drop
Initial Listing
Price Change
Nov 11, 2025
$1,025,000
$1,050,000
-2% Price Drop
Initial Listing
Price Change
Oct 30, 2025
$1,050,000
$1,100,000
-5% Price Drop
Initial Listing
Price Change
Sep 25, 2025
$1,100,000
Initial Listing
Price Change
Jun 2, 2025
$1,200,000
Initial Listing
Sold
Jun 12, 2019
$600,000
Public Record
Sold
May 3, 2018
$585,000
Public Record
Sold
Aug 21, 2012
$275,000
Public Record
Sold
Dec 17, 1999
$158,000
Public Record