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

5115 West Boulevard, Los Angeles, California 90043 home-pic-0
ACTIVE$1,995,000
5115 West Boulevard, Los Angeles, California 90043
6Beds
5Baths
4,236Sqft
10,423Lot
Year Built
1922
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$471
HOA
-
Days on market
-
Sold On
-
MLS number
OC25151054
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s)
Deck
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $2.00M(97th), sqft - 4236(99th), beds - 6(97th), baths - 5(97th).

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. Currently generating $24,000 in annual passive income, this turnkey rental can continue with the existing tenant or be vacated before closing—the choice is yours! 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.

Nearby schools

2/10
Fifty-Fourth Street Elementary School
Public,•K-5•0.5mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.8mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.1mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.1mi
2/10
Yes Academy
Public,•K-5•1.2mi
4/10
Centinela Elementary School
Public,•K-6•1.4mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•2.0mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.1mi
2/10
Audubon Middle School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.6mi
1/10
Horace Mann Junior High School
Public,•6-8•2.0mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.4mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.9mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•4.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.4mi
2/10
Inglewood High School
Public,•9-12•2.7mi
2/10
George Washington Preparatory High School
Public,•9-12•4.4mi
9/10
Middle College High School
Public,•9-12•6.9mi

Price History

Date
Event
Price
07/07/25
$1,995,000
02/13/20
Sold
$1,525,000
07/15/09
Sold
$513,000
03/27/07
Sold
$1,150,000
05/13/97
Sold
$245,000
Condition Rating
Excellent
Despite being built in 1922, this property has undergone an extensive and high-quality renovation, making it virtually new in terms of its interior and systems. The main residence features sophisticated open-concept living with new hardwood flooring, recessed lighting, and contemporary fixtures throughout. The kitchen boasts modern white shaker cabinets, stainless steel appliances (including a professional range), and quartz countertops. All bathrooms are fully updated with modern vanities, tiling, and fixtures, including a stylish patterned floor in one. The Jr ADU and guest house also present a new, modern aesthetic with updated kitchens and baths. Additional features like paid-off solar panels, a Type 2 EV charger, and visible mini-split AC units confirm recent, significant upgrades, aligning perfectly with the 'Excellent' criteria for a fully renovated property.
Pros & Cons

Pros

Multiple Income Streams & ADUs: The property features three distinct living spaces (main residence, Jr ADU, guest house) with existing rental income ($24,000 annually) and an Airbnb permit for the Jr ADU, offering immediate and diverse income potential.
SB9 Eligibility & Value Appreciation: Eligible for SB9 lot splitting, this property offers a unique opportunity to potentially create a separate parcel, significantly increasing investment value and future development options.
Modern & Sustainable Upgrades: Includes valuable modern amenities such as paid-off solar panels, a Type 2 EV charger, and a Vivint security system, enhancing sustainability, convenience, and peace of mind for the owner.
Exceptional Versatility: The compound's design allows for unparalleled versatility, suitable for multi-family living, continued rental income, short-term rentals, or strategic lot splitting for maximum return.
Desirable Location & Views: Situated in the sought-after View Park area, the property offers desirable City Lights and Mountain views, contributing to its appeal and long-term value.

Cons

Age of Property: Built in 1922, the property's age may imply potential for older infrastructure or unforeseen maintenance requirements, despite described contemporary updates to the main residence.
Complexity of SB9 Implementation: While a significant opportunity, the SB9 lot splitting process can be complex, time-consuming, and may involve substantial costs for surveys, permits, and legal fees, requiring dedicated effort from the buyer.
Management of Multiple Units: Operating and maintaining three separate living spaces (main house, Jr ADU, guest house) will require more active management, coordination, and potential tenant-related responsibilities compared to a single-family home.

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