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2312 West Blvd, Los Angeles, CA 90016
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2312 West Blvd Los Angeles, CA 90016

$1,100,000
  • 4 Beds
  • 4 Baths
  • 4,056 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified
Map preview of 2312 West Blvd, Los Angeles, CA 90016

Property Overview: 2312 West Blvd Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,056 living square feet and 5,998 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire a four-unit apartment community situated in between Mid-City & West Adams. The subject property is located just north of the 10 Freeway & west of Crenshaw Boulevard. The property is situated on a 5,998 square foot parcel and comprises of four one-bedroom units. There is 44% remaining rental upside that new ownership can capture through interior renovations. The immediate area is undergoing significant gentrification, with numerous new developments and renovations taking place, making it a prime location for a real estates investment. Overall, 2312-2314 West Boulevard offers an exceptional opportunity for investors to acquire a well located property with healthy returns and long-term appreciation potential.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 2 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 30
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Home details

Lot Sq. Ft
5,998
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24373887
City
Los Angeles
County
Los Angeles
Time on Site
38 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,638
  • Total Rent: $1,638
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $906
  • Total Rent: $906
  • Pro Forma/Market Rent: $2,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.89%
  • Gross Rent Multiplier: 14.02
  • Gross Scheduled Income: --
  • Net Operating Income: $53,765
  • Gross Operating Income: $78,468
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2312 West Blvd

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5061027021
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of West Adams Boulevard & West of Crenshaw Boulevard
View more facts & features

Local Los Angeles Agent

Sale History for 2312 West Blvd

Last sold on January 23rd, 2019

  • March, 2024

  • Mar 28, 2024

    Date

    Active

    CRMLS: 24373887

    $1,100,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23290109

    $1,200,000

    Price

  • Jul 13, 2023

    Date

    Active

    CRMLS: 23290109

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    I am pleased to present the opportunity to acquire a four-unit apartment community situated in between Mid-City & West Adams. The subject property is located just north of the 10 Freeway & west of Crenshaw Boulevard. The property is situated on a 5,995 square foot parcel and comprises of four one-bedroom units. There is 38% remaining rental upside that new ownership can capture through interior renovations. The immediate area is undergoing significant gentrification, with numerous new developments and renovations taking place, making it a prime location for a real estates investment. Overall,2312-2314 West Boulevard offers an exceptional opportunity for investors to acquire a well located property with healthy returns and long-term appreciation potential.

  • January, 2019

  • Jan 23, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2011

  • Aug 4, 2011

    Date

    Sold (Public Records)

    Public Records

    $335,052

    Price

Show More

Tax History for 2312 West Blvd

Assessed Value (2020): $414,603
Year Land Value Improved Value Assessed Value
2020 $229,698 $184,905 $414,603

Home Value Compared to the Market

This property vs the competition

2312 West Blvd is listed 10.2% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $271.2 per/sqft which puts the price per square foot 64.96% lower than the median price per square foot for the city of Los Angeles.

About 2312 West Blvd

Detailed summary of property

2312 West Blvd is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 4,056 living square feet, and sits on an approximately 5,998 square foot lot. 2312 West Blvd was first listed on ArdentRealEstateGroup.com on March 28, 2024. The homeowner is currently asking $1,100,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.2% lower than the median priced home. Local competing homes currently for sale include 1814 S Sycamore Ave, 3721 Exposition Blvd and 2824-2826 West View St. While the average home in Los Angeles, CA is selling in 96 days, 2312 West Blvd has a days on market of 30 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2312 West Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2312 West Blvd

Public county record property details
Beds
4
Baths
4
Year built
1924
Sq. Ft.
4,056
Lot Size
5,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5061-027-021

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,100,000
Median List Price/Sq.Ft.
$781
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
73
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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(714) 706-1823
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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