13
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$950,000
Est. payment /mo
4 Beds
3 Baths
2,459 SqFt
New
2424 West Los Angeles, CA 90016
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Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 2,459 sqft
Price per Sqft $386
MLS Listing ID PW26099448
Bedrooms 4
Full Baths 3
Year Built 1923
Lot Size 4,284 Sqft
Property Sub-Type All Other Attached
Property Description
Discover an exceptional opportunity in the heart of West Adams, Los Angeles perfect for an owner-occupant buyer looking to live in a spacious home while generating rental income from two additional units. This charming multi-unit property at 2424 West Blvd offers the rare chance to "house hack" your way into homeownership, letting your tenants help pay your mortgage. Imagine settling into the rear unit: a spacious two-story, 3-bedroom, 1.5-bathroom home with room to grow, while the front and center 1-bedroom apartments provide steady monthly income to offset your housing costs. With FHA and conventional owner-occupied financing options available for multi-unit properties (up to 4 units), this is an ideal entry point for first-time buyers, multi-generational families, or savvy investors looking to live in one unit while building equity and cash flow from the others. The property features: Rear unit: A spacious two-story, 3-bedroom, 1.5-bathroom home ideal for the owner Front unit: A delightful 1-bedroom apartment with a manicured yard and succulent garden Center unit: A comfortable 1-bedroom, 1-bathroom apartment Driveway parking for three vehicles One-car garage Current unit mix and rents: 3 Bedroom, 1.5 Bathroom: $1,580/month 1 Bedroom, 1 Bathroom: proforma 1 Bedroom, 1 Bathroom: $1,528/month Market rent potential: 3 Bedroom: $3,750/month 1 Bedroom units: $2,100/month each For an owner-occupant, the two 1-bedroom units alone offer significant income potential at market rents, they could bring in approximately $3,800/month combined, dramatically reducing the true cost of
Location
State CA
County Los Angeles
Direction 10 Fwy Exit Crenshaw Blvd
Interior
Interior Features Beamed Ceilings
Fireplace No
Exterior
Garage Spaces 1.0
View Y/N Yes
Water Access Desc Public
View City Lights
Total Parking Spaces 1
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 5050006036
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
Listed by Steven Richardson, DRE#01510320 Y Realty
NEARBY SCHOOL & BUSINESS
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