2725 Obama Boulevard, Los Angeles, California 90018, Los Angeles, 90018 - 5 bed, 5 bath

2725 Obama Boulevard, Los Angeles, California 90018 home-pic-0
ACTIVE$1,199,000
2725 Obama Boulevard, Los Angeles, California 90018
5Beds
5Baths
2,354Sqft
4,480Lot
Year Built
1958
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$509
HOA
-
Days on market
-
Sold On
-
MLS number
OC25079804
Home ConditionGood
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(77th), sqft - 2354(46th), beds - 5(85th), baths - 5(92th).

A well maintained triplex providing an amazing opportunity to Live, Work, & Invest in a fantastic location near Jefferson Park, West Adams, & Leimert Park. Built in 1958, this 2-story property totals 2,354sf in size and offers an impressive unit mix with a recently updated front 1 bed/1 bath unit that’s bright & airy with real hardwood flooring, new dual pane windows, a full kitchen, and a cute bathroom. In the rear are upstairs and downstairs 2 bed/2 bath units that have nice layouts with a main living area and full sized kitchen w/ a dining area, a primary suite & master bathroom, and a separate hallway bath & bedroom. The property has undergone tons of improvements over the years including roof replacement, updated copper plumbing, recently installed newer sewer lines, some window replacements, and washer/dryer hookups in all units. On a 4,480sf lot, the front yard is done with drought tolerant landscaping, while the extended driveway leads to the fully cemented backyard to provide ample parking for each unit. Located in Jefferson Park near West Adams, Leimert Park, View Park, Windsor Hills, USC, University Park, Downtown LA, 10fwy, Metro Expo Line, and major new developments. This one won't last!

Price History

Date
Event
Price
12/01/04
Sold
$465,000
Condition Rating
Good

Built in 1958, this triplex has undergone significant and continuous improvements, including roof replacement, updated copper plumbing, and newer sewer lines, ensuring major systems are functional and well-maintained. The front 1 bed/1 bath unit has been recently updated with modern hardwood flooring, a new kitchen featuring white shaker cabinets, stainless steel appliances, and quartz countertops, and a 'cute' modern bathroom. While the other two units are not explicitly described as 'recently updated' and may feature older styles (e.g., laminate flooring, wall heaters), the property is consistently described as 'well maintained' and the extensive system upgrades, combined with the fully renovated front unit, make it move-in ready with no immediate major renovations required.
Pros & Cons

Pros

Income-Generating Triplex: The property is a well-maintained triplex, offering a versatile 'Live, Work, & Invest' opportunity with an impressive unit mix, ideal for investors or owner-occupants seeking rental income.
Prime Location & Accessibility: Situated in a fantastic location near Jefferson Park, West Adams, and Leimert Park, with excellent proximity to USC, Downtown LA, the 10 Fwy, and the Metro Expo Line, enhancing its appeal and potential for appreciation.
Extensive Capital Improvements: Significant updates have been made over the years, including roof replacement, updated copper plumbing, newer sewer lines, and some window replacements, reducing immediate capital expenditure for a new owner.
Updated Front Unit: The front 1 bed/1 bath unit has been recently updated with real hardwood flooring, new dual-pane windows, and a full kitchen, making it bright, airy, and immediately rent-ready or suitable for owner-occupancy.
Ample Off-Street Parking: The extended driveway and fully cemented backyard provide ample off-street parking for each unit, a highly desirable and valuable amenity in Los Angeles.

Cons

Age of Property: Built in 1958, despite mentioned updates, the property's age suggests that some original systems (e.g., electrical, remaining original windows) may still be present and could require future maintenance or upgrades.
Absence of Mentioned Cooling System: The description does not specify the presence of a cooling system (e.g., air conditioning), which could be a significant drawback for tenant comfort and marketability during Los Angeles's warmer months.
Limited Private Outdoor Green Space: The 4,480 sqft lot primarily accommodates the triplex and a fully cemented backyard for parking, leaving minimal private outdoor green space for residents, which may not appeal to all prospective tenants or buyers.

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