Est. cap rate

4.2%

Assumed rent, all units

$6,540/mo

Units

3

Price per unit

$308,333

Est. annual NOI

$39,240

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

4

Bathrooms

3

Building size

2,459 sqft

Lot size

4,284 sqft

Year built

1923

Stories

2

Garage spaces

1

Heating

Natural Gas

Cooling

None

Pool

None

View

City Lights

Status

Active

Days on market

25

MLS #

241863091

About this property

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 homeownership in one of LA's most desirable up-and-coming neighborhoods. For pure investors, repositioning all three units to market rents represents substantial value-add upside. Located in the rapidly evolving West Adams neighborhood, this property is perfectly positioned to benefit from the area's ongoing revitalization. With proximity to major employment hubs including Downtown LA, Culver City, and USC, the location is ideal for attracting young professionals and students as tenants. West Adams has been experiencing significant appreciation, with property values increasing by an average of 8.23% per year over the past five years. Whether you're a first-time buyer ready to live in one unit and rent the others, a multi-generational family seeking flexible living arrangements. Don't miss your chance to make smart Los Angeles real estate work for you.

Location

2424 West

Los Angeles, Los Angeles, CA, 90016