2947 West Blvd, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Turnkey Multifamily Asset is a Prime Investment Opportunity listed at $1,595,000—positioned well below the $1,640,682 Fair Market Value by 2%. This valuation gap provides $45,682 in Instant Equity. Boasting a Condition Rating of 2, the property features two newly constructed ADUs and renovated units generating a 6.41% Cap Rate with Section 8 stability. Located in the appreciating West Adams neighborhood, it offers modern finishes like wide-plank flooring and stainless steel appliances. This high-yield asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2947 West Blvd Subject | $1,595,000* List Price | 0 | 0 | 3,384 | $485 | - |
A 2706 S Cochran Active | $1,549,000 List Price | 0 | 0 | 3,000 | $516 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property consists of two brand-newly constructed ADUs and extensively renovated original units. The interiors feature modern wide-plank flooring, recessed lighting, and updated kitchens with white cabinetry, stone countertops, and stainless steel appliances. The addition of mini-split HVAC systems and the overall turnkey condition of the kitchens and bathrooms meet the criteria for a recently fully renovated property.
With a 6.41% cap rate and three units occupied by Section 8 tenants, the property provides high-yield, government-backed rental income that ensures financial security for investors.
The property features two newly constructed ADUs leased near market rates, offering a rare combination of modern construction standards and turnkey operational stability.
Located in the rapidly appreciating West Adams submarket, the asset is perfectly positioned to benefit from neighborhood revitalization and proximity to major employment hubs like Culver City and DTLA.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3384, other record living area = 2096.
The assigned middle and high schools have low ratings (2/10), which may limit the property's appeal to families and impact long-term residential demand from owner-users.
While well-maintained, the original structure dates back to 1924, which typically necessitates higher long-term reserves for maintenance and capital improvements compared to newer builds.
2947 West Blvd presents a prime multifamily investment opportunity located in the rapidly appreciating West Adams neighborhood of Los Angeles. With a 6.41% cap rate, this well-maintained property combines dependable income, modern construction, and strong market fundamentals. The property features income-producing units, three of which are occupied by Section 8 tenants, providing secure and guaranteed government-backed rent payments. Additionally, two of the units are newly constructed ADUs and are leased near market rate, offering reliable, stable cash flow, ideal for both investors and potential owner-users. Situated in one of Los Angeles’ most dynamic submarkets, 2947 West Blvd benefits from continued neighborhood revitalization, proximity to major employment centers, and convenient access to transit corridors connecting Culver City, Mid-City, and Downtown Los Angeles. This asset delivers a rare combination of turnkey stability and long-term appreciation potential in one of the city’s most desirable multifamily corridors.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,384 | 4,048 | 50% |
| Lot Size | 7,786 | 6,377.5 | 88% |
| Price | $1.59M | $1.35M | 50% |
| Price per sq ft | $471 | $441 | 63% |
| Built year | 1924 | 1936 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 156 | 13% |
Mar 15, 2026
$1,595,000
$1,650,000
-3% Price Drop
Initial Listing
Feb 19, 2026
$1,650,000
Initial Listing
Jun 30, 2023
$978,000
Public Record