Est. cap rate

4.4%

Assumed rent, all units

$10,880/mo

Units

4

Price per unit

$373,750

Est. annual NOI

$65,280

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

Quadruplex

Bedrooms

9

Bathrooms

6

Building size

3,384 sqft

Lot size

7,800 sqft

Year built

1924

Stories

1

Garage spaces

0

Cooling

None

Pool

None

View

None

Status

Active

Days on market

1

MLS #

245067831

About this property

2947 West Blvd offers an exceptional opportunity for a savvy investor to acquire a low-maintenance property with high cash flow. Located in the heart of the rapidly growing West Adams neighborhood, this 4-unit 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, and the fourth was recently occupied at market rent, allowing consistent guaranteed monthly payments. Two of the units are newly constructed ADUs built in 2024. Each unit has washer and dryer hookups, and the property features on-site and ample off-site parking.

Location

2947 West

Los Angeles, Los Angeles, CA, 90016