2947 West Blvd - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$1,650,000 USD
310-729-1559
2947 West Blvd, Los Angeles, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/25
null | 6.19% 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

2947 West Blvd offers an exceptional opportunity for a homeowner who wants the best of both worlds — a beautiful place to live and strong supplemental income. Located in the heart of the rapidly growing West Adams neighborhood, this well-maintained property provides a rare chance to enjoy modern living in a vibrant, central Los Angeles community while offsetting your mortgage with reliable rental income. Three of the units are occupied by long-term Section 8 tenants, giving you peace of mind with consistent, guaranteed monthly payments. The two newly constructed ADUs are leased near market rate and offer clean, updated finishes, ideal for creating steady financial security. Whether you plan to live in one of the units or simply enjoy the benefits of a low-maintenance property, this setup is perfect for anyone seeking stability and flexibility. Beyond the numbers, 2947 West Blvd is all about lifestyle. West Adams has become one of LA’s most exciting and evolving neighborhoods, known for its charming historic streets, trendy cafés and restaurants, and easy access to Culver City, Mid-City, and Downtown LA. You’ll enjoy convenient connections to major job centers, transit, and everyday amenities, all while being part of a community that continues to grow in value and appeal. This offering delivers a rare chance to live comfortably while building wealth in one of LA’s most desirable, fast-rising areas. An incredible price adjustment makes it even more attainable — ideal for the buyer who wants to plant roots and benefit from strong, long-term upside.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

4

PRICE/UNIT

$412,500

CAP RATE

6.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,893 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.