2947 West Blvd - Multi-Family FOR SALE


Los Angeles, CA 90016- West Adams
$1,795,000 USD
310-729-1559
2947 West Blvd, Los Angeles, CA for Sale
$1,795,000 USD
Multi-Family - FOR SALE
1/25
null | 5.98% Cap Rate

2947 West Blvd
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • Desirable unit mix, consisting of (1) 4 Bed/2 Bath, (1) 3 Bed/ 2 Bath, and (2) 1 Bed/ 1 Bath units
  • (1) 3 Bed/ 2 Bath Unit to be delivered vacant, while occupied units are Section 8 tenants, guaranteeing government income
  • 2 Newly constructed ADUs, rented very close to market, providing stable cash flow to an Owner/User
  • Conveniently located in West Adams, in proximity to major metropolitan amenities as well as trendy restaurants and coffee shops

OVERVIEW

IDEAL OWNER/USER INVESTMENT!! 2947 West Blvd presents a prime multifamily investment opportunity located in the rapidly appreciating West Adams neighborhood of Los Angeles. With a 5.98% 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.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$530 USD /SF

# OF UNITS

4

PRICE/UNIT

$448,750

CAP RATE

5.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2947 West Blvd

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LA R2

APN/PARCEL ID

5050-024-010

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.