Los Angeles, CA 90016 2937 West Boulevard

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Presented By: XIO SANDOVAL with CENTURY 21 REALTY MASTERS; 323-253-5456
  • MLS# MB24061829
  • 03/28/2024
  • Request Tour
  • Request Info
  • BedBeds • 15
  • BathFull/Half Baths • 16 / 1
  • FootageSQFT • 7,139
  • GarageGarage • 4

Home Details

2937 West Blvd is a Fully Stabilized NON-RENT CONTROLLED fourplex in the Ultra Hot WEST ADAMS District just minutes from Downtown Culver City and the Culver City Arts District! This is your opportunity to secure a healthy CAP RATE while owning a stunning 2023 built non-rent control property. Front building features: one 3-story 5 bed, 5.5 bath- 2,273 of living Sq. Ft with an attached 2 car garage (335) Sq. Ft including access to the roof top deck that provides an easy breezy outdoor living space with unmatched city views, with an attached 2-bedroom 1-bathroom ADU-970 Sq. Ft of functional living floor plan. The detached rear building features: two 3-story 4 bed,5 full baths-each unit is 1,757 Sq. Ft with an attached 1 car garage for each unit, including independent access to the roof top deck that provides unmatched city views. This design choice is invaluable to renters, who appreciate having their own separate living quarters and outdoor space including the convenience of not having to share parking accessibility-lot size 7,787 and combined living Sq. Ft including garages 7,844. Each unit is individually metered for water, gas and electric making the operating expenses at a minimum! Additional amenities: Fully equipped with all appliances, custom mini blinds throughout, usable balconies, front building independent yard, a large rear patio for the rear building, high quality finishes, walk-in closets with built in shelving, laundry hookups in each unit, high-end modern kitchens, and large, stunning bathrooms. Commuters enjoy close proximity to several of the most ground-breaking mixed-use developments: Alsace LA Boutique Hotel, Zoe Lofts, Platform, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the now operating Cumulus District/Whole Foods featuring live, work and play residences. And the following trendy restaurants: Alta Adams, Vicky's All Day, Mizlala, World Famous Johnny's West Adams, Farmhouse Kitchen, Party Beer Co, Delicious Pizza, Highly Likely and so many more all within a walkable score of 81 and a bike able score of 64 plus the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants! This is the one for your 1031 exchange buyers and investors to step into an immediate cash flow property at a true cap rate = 6.03%.
Presented By: XIO SANDOVAL with CENTURY 21 REALTY MASTERS; 323-253-5456

Interior Features for 2937 West Boulevard

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesInside
Street SuffixBoulevard
Total Stories3

Other Rooms

Entry Level4

General for 2937 West Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.03
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Sidewalks
ContingencyNone
CoolingCentralAir
CountyLos Angeles
Days on Market1
DirectionsBetween Adams Blvd and Jefferson Blvd
Entry Locationground level
ExclusionsProfessional staging
Garage Spaces4.0
Garage Y/NYes
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense6264.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, ThreeOrMore
Listing TermsSubmit
Lot Size Square Feet7787.0
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense2500.0
MobileHomeRemainsYNNo
Net Operating Income193186.0
New ConstructionYes
Number of Units Leased4
Open Parking Spaces2.0
Operating Expense26414.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameWest
Tax Annual Amount12119.0
Tax Lot498
Tenant PaysAllUtilities
Total Actual Rent18300.0
Total Units4
Trash Expense0.0
View Y/NNo
Waterfront Y/NNo
Year Built2023
Year Built SourceBuilder
ZoningLAR2

Exterior for 2937 West Boulevard

Building Area Total7139.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsAll appliances.
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.1788
Lot Size Area7787.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesDirectAccess, Driveway, GarageFacesFront, Garage, GarageDoorOpener
SpaNo
Total Parking6.0
Water SourcePrivate

Additional Details

Price History

1527188455

First Team Client Services

Price $3,199,000
MLS#MB24061829
List Date 03/28/2024
Property Type Multi-Family
Phone 714.964.3311
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