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

2725 Obama Boulevard, Los Angeles, California 90018 home-pic-0
ACTIVE$1,199,000
2725 Obama Boulevard, Los Angeles, California 90018
0Bed
0Bath
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
OC25079805
Home ConditionFair
Features
Good View:
Patio
View

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(77th), sqft - 2354(46th), beds - undefined(50th), baths - undefined(50th).

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, 10 fwy, 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
Fair

Built in 1958, this triplex has undergone significant system upgrades including roof replacement, updated copper plumbing, and newer sewer lines, which are strong positives. The front unit has been recently and extensively updated with modern kitchen cabinets, stainless steel appliances, contemporary bathroom fixtures, and hardwood flooring, presenting in excellent condition. However, images of the rear units reveal older interiors, particularly a kitchen with tiled countertops and dated cabinetry, indicating inconsistent modernization across the property. While major systems are functional and one unit is move-in ready, the other units show signs of being outdated and would require minor updates to achieve a consistent modern standard, aligning with a 'Fair' condition.
Pros & Cons

Pros

Income-Generating Triplex: Offers a versatile 'Live, Work, & Invest' opportunity with three distinct units, providing multiple income streams or owner-occupancy with rental income potential.
Prime & Connected Location: Strategically located near desirable neighborhoods (Jefferson Park, West Adams, Leimert Park) with excellent access to USC, Downtown LA, the 10 Fwy, and the Metro Expo Line, enhancing tenant demand and property value.
Extensive System Upgrades: Significant capital improvements including a new roof, updated copper plumbing, newer sewer lines, and some window replacements reduce future maintenance liabilities and add long-term value.
Desirable Unit Features: Features a well-balanced unit mix, including a recently updated front unit with hardwood floors and new dual-pane windows, plus washer/dryer hookups in all units, appealing to modern tenants.
Ample Off-Street Parking: An extended driveway and fully cemented backyard provide generous off-street parking for all units, a significant advantage in a dense urban environment.

Cons

Property Age & Potential for Older Systems: Built in 1958, despite some updates, other core systems (e.g., electrical, HVAC) not explicitly mentioned as updated may be original or older, potentially requiring future capital expenditure.
Limited Green Space: The 'fully cemented backyard' prioritizes parking but lacks green space or aesthetic landscaping, which might be a drawback for tenants seeking outdoor recreational areas.
Inconsistent Unit Modernization: While the front unit is 'recently updated,' the description for the rear units only mentions 'nice layouts,' implying they may not have received the same level of modern cosmetic or functional upgrades, potentially requiring further investment to maximize rental income across all units.

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