2937 West Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2937 West Boulevard, Los Angeles, California 90016 home-pic-0
ACTIVE$2,995,000
2937 West Boulevard, Los Angeles, California 90016
0Bed
0Bath
7,139Sqft
7,787Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Non-Rent Controlled: Built in 2023, this property offers modern amenities, low maintenance, and is exempt from Los Angeles rent control, maximizing rental income flexibility and long-term appreciation potential for investors.
Top Cons:
High Capital Investment: The nearly $3 million price point represents a substantial upfront investment, potentially limiting the buyer pool to well-capitalized investors or those with significant financing capabilities.

Compared to the nearby listings

Price:$3.00M vs avg $1.35M (+$1,645,000)71%
Size:7,139 sqft vs avg 4,712 sqft86%
Price/sqft:$420 vs avg $42443%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it virtually brand new. The description explicitly states 'high quality finishes,' 'high-end modern kitchens,' and 'large, stunning bathrooms,' all of which are confirmed by the images showing contemporary design, new stainless steel appliances, modern flooring (likely LVP/engineered wood), and recessed lighting. All components are new and meet current quality standards with no signs of wear or deferred maintenance.
Year Built
2023
Close
-
List price
$3M
Original List price
$3.15M
Price/Sqft
$420
HOA
-
Days on market
-
Sold On
-
MLS number
MB25094379
Home ConditionExcellent
Features
Excellent View:
Deck
Patio
View-

About this home

MAKE THIS ONE YOUR NEXT BUILDING: 2937 West Blvd is a FULLY STABILIZED NON-RENT CONTROLLED 4-UNITS 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 (Monthly rent: $18,700) 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: $18,700 - actual rent.

Nearby schools

5/10
Virginia Road Elementary School
Public,K-50.2mi
5/10
Cienega Elementary School
Public,K-50.7mi
4/10
Alta Loma Elementary School
Public,K-51.0mi
3/10
Sixth Avenue Elementary School
Public,K-51.1mi
3/10
Arlington Heights Elementary School
Public,K-51.3mi
6/10
Marvin Elementary School
Public,K-51.3mi
6/10
Baldwin Hills Elementary School
Public,K-51.4mi
3/10
Johnnie Cochran, Jr., Middle School
Public,6-81.3mi
2/10
Audubon Middle School
Public,6-81.5mi
3/10
Daniel Webster Middle School
Public,6-85.4mi
2/10
Susan Miller Dorsey Senior High School
Public,9-120.4mi
6/10
Alexander Hamilton Senior High School
Public,9-122.8mi

Price History

Date
Event
Price
07/27/21
Sold
$960,000
04/19/05
Sold
$400,000
Condition Rating
Excellent

This property was built in 2023, making it virtually brand new. The description explicitly states 'high quality finishes,' 'high-end modern kitchens,' and 'large, stunning bathrooms,' all of which are confirmed by the images showing contemporary design, new stainless steel appliances, modern flooring (likely LVP/engineered wood), and recessed lighting. All components are new and meet current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

New Construction & Non-Rent Controlled: Built in 2023, this property offers modern amenities, low maintenance, and is exempt from Los Angeles rent control, maximizing rental income flexibility and long-term appreciation potential for investors.
Exceptional Cash Flow & Low Operating Costs: Fully stabilized with a healthy monthly rent of $18,700 and individually metered utilities for each unit, ensuring strong immediate cash flow and minimal landlord-borne operating expenses.
Prime, High-Demand Location: Situated in the 'Ultra Hot West Adams District,' offering excellent walkability (81) and proximity to major employment centers (Amazon, HBO), trendy dining, and vibrant mixed-use developments, attracting a strong tenant base.
Premium Tenant Appeal & Design: Features a desirable unit mix (5-bed, 2-bed ADU, two 4-bed units), private garages, individual rooftop decks with city views, and high-end finishes throughout, enhancing tenant attraction and retention.
Diverse & Spacious Units with Private Amenities: Each unit boasts generous living space, modern kitchens, luxurious bathrooms, in-unit laundry hookups, and private outdoor areas (balconies, yards, patios), catering to a high standard of living for professional tenants.

Cons

High Capital Investment: The nearly $3 million price point represents a substantial upfront investment, potentially limiting the buyer pool to well-capitalized investors or those with significant financing capabilities.
Market Perception from Price Reduction: The recent price drop from its original list price, while potentially a strategic adjustment, might lead some buyers to question the initial valuation or market reception.
Limited Common Area Amenities: While individual units are well-appointed, the description does not highlight significant shared common area amenities (e.g., gym, pool, communal lounge) that some high-end multi-family properties offer, which could be a minor competitive disadvantage.

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