5115 West Boulevard, Los Angeles, California 90043, Los Angeles, 90043 - 6 bed, 5 bath

5115 West Boulevard, Los Angeles, California 90043 home-pic-0

5115 West Boulevard

Los Angeles, California 90043

ACTIVE
CONDITION: EXCELLENT
6Beds
5Baths
4,236Sq Ft
10,423Lot Size

Property Price

LIST PRICE$2,300,000
EST. MARKET VALUE
$2,402,137
4% BelowMARKET VALUE

SUMMARY

Analysis of 5115 West Boulevard, Los Angeles, California 90043 reveals a Prime Investment Opportunity with a current list price of $2,300,000—significantly undercutting the $2,402,137 Fair Market Value by 4%. This valuation gap indicates a +$102,137 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.

Estimated Market Value

$2,402,137 +$102,137 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
5115 West Boulevard
Subject
$2,300,000*
List Price
654,236$567-
A
5743 Chesley Avenue
Active
$1,698,000
List Price
663,049$5570.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite being built in 1922, this property has undergone a comprehensive and high-quality renovation, evident across all three distinct living spaces. The kitchens feature new, high-end stainless steel appliances (including a Viking range in the main house), modern white cabinetry, and contemporary countertops. Bathrooms are fully updated with stylish vanities, modern fixtures, and new tiling. Throughout the property, there is new hardwood flooring, recessed lighting, and modern light fixtures. The presence of mini-split cooling/heating units, paid-off solar panels, and an EV charger further indicates recent, top-tier upgrades, aligning perfectly with the 'extensively renovated within 5 years' criteria for an excellent condition score.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    High School: Middle College High School (9/10).

  • Exceptional Income Potential & Versatility

    The property features three distinct living spaces (main residence, Jr ADU, guest house) with multiple income streams, including a fully permitted Airbnb unit, offering unparalleled flexibility for investors or multi-generational living.

  • SB9 Eligibility & Investment Value

    Eligibility for SB9 lot splitting allows for the potential creation of a separate parcel, significantly enhancing long-term investment value and development opportunities.

CONSRISKS & DEFICIENCIES

  • Age of Property

    Built in 1922, while updated, the underlying infrastructure of an older home may present unforeseen maintenance requirements or future upgrade needs not explicitly detailed.

  • Mixed School Performance

    Several nearby public schools have lower ratings (1s and 2s), which could be a drawback for families prioritizing access to top-tier public education.

  • Management Complexity

    Managing three distinct living spaces, especially with an active Airbnb rental, requires significant time and effort, which may not appeal to all buyers seeking a low-maintenance primary residence.

About 5115 West Boulevard

RARE OPPORTUNITY: Discover this exceptional View Park property featuring three distinct living spaces on one generously sized lot. With multiple income potential and SB9 eligibility, this unique compound offers unparalleled versatility for savvy investors and homeowners alike. The stunning main residence boasts 3,210 sq ft of sophisticated open-concept living with 5 beds and 2.5 baths, blending contemporary design with practical luxury. Seamlessly connected yet completely private, the 486 sq ft 1 bed 1 bath Jr ADU features its own entrance, yard, and deck. Despite its efficient footprint, the open layout creates a surprisingly spacious feel. This space comes fully permitted for Airbnb rental, offering immediate short-term rental potential. Lastly, privately fenced and set discreetly at the rear of the property with its own walkway and expansive yard, the 540 sq ft guest house offers complete privacy with 1 bed and 1 bath. This section of the property is eligible for SB9 lot splitting, allowing you to potentially create a separate parcel with its own address. This exceptional property opens a world of possibilities: continue the existing rental arrangement with immediate income, utilize the Airbnb permit already in place, create the perfect multi-family living situation, or explore the SB9 option to split into two separate parcels, potentially doubling your investment value. Live in luxury while generating substantial passive income. The versatility of this View Park compound represents a truly exceptional opportunity in today's real estate market. Don't miss your chance to own this one-of-a-kind property where luxury living meets smart investing. Additional features include paid-off solar panels, a Type 2 EV charger, and a Vivint security system, ensuring sustainability, convenience, and peace of mind.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1922
Lot Size
10,423 Sq. Ft.

Interior

Total Bedrooms
6
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Fifty-Fourth Street Elementary School

Grades K-5 • 0.5 mi

2/10

Angeles Mesa Elementary School

Grades K-5 • 0.8 mi

3/10

Forty-Second Street Elementary School

Grades K-5 • 1.1 mi

2/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.03.0
97%
Baths5.02.0
97%
Square foot4,2361,474
99%
Lot Size10,4236,172.5
97%
Price$2.30M$850.0K
98%
Price per sq ft$543$622
30%
Built year19221926
23%
HOA$0$0
50%
Days on market59175
11%

Pricing History

Listed for Sale

Jan 6, 2026

$2,300,000

Initial Listing

Sold

Feb 13, 2020

$1,525,000

Public Record

Sold

Jul 15, 2009

$513,000

Public Record

Sold

Mar 27, 2007

$1,150,000

Public Record

Sold

May 13, 1997

$245,000

Public Record

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