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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$2,300,000$4,236/sqft
Est. Value: $2,408,064
4%
BelowEstimate
5115 West Boulevard, Los Angeles, California 90043
6Beds
5Baths
4,236Sqft
10,423Lot

Price Vs. Estimate

The estimated value ($2,408,063.86) is $108,063.86 (4%) higher than the list price ($2,300,000). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
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.

Compared to the nearby listings

Price:$2.30M vs avg $850.3K (+$1,449,669)98%
Size:4,236 sqft vs avg 1,521 sqft99%
Price/sqft:$543 vs avg $61929%

More Insights

Built in 1922 (104 years old).
Condition: 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.
Year Built
1922
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$543
HOA
-
Days on market
-
Sold On
-
MLS number
OC26002715
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s)
Deck
Patio
ViewCity Lights,Mountain(s)

About this home

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.

N
Natalia Castro
Listing Agent

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
05/13/97
Sold
$245,000
02/13/20
Sold
$1,525,000
07/15/09
Sold
$513,000
03/27/07
Sold
$1,150,000
Condition Rating
Excellent
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.
Pros & Cons

Pros

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.
Modern Amenities & Sustainability: Equipped with paid-off solar panels, a Type 2 EV charger, and a Vivint security system, the property offers sustainability, convenience, and peace of mind for modern living.
Desirable Location & Scenic Views: Situated in the sought-after View Park area of Los Angeles, the property boasts desirable city lights and mountain views, adding to its appeal and market value.
Spacious & Contemporary Main Residence: The main residence offers 3,210 sq ft of sophisticated open-concept living with 5 beds and 2.5 baths, blending contemporary design with practical luxury.

Cons

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.
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