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2937 West Blvd, Los Angeles, CA 90016
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2937 West Blvd Los Angeles, CA 90016

$3,199,000
  • 15 Beds
  • 16.5 Baths
  • 7,139 Sq.Ft.
For Sale
$3,199,000 Get Pre-Qualified
Map preview of 2937 West Blvd, Los Angeles, CA 90016

Property Overview: 2937 West Blvd Los Angeles, CA has 15 bedrooms, 16.5 bathrooms, 7,139 living square feet and 7,787 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: 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%.

Listed by XIO SANDOVAL | BRE #01308913 | CENTURY 21 REALTY MASTERS
Last checked: 13 minutes ago | Last updated: March 29th, 2024 | Source CRMLS | DOM: 27
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Home details

Lot Sq. Ft
7,787
HOA Dues
$0/mo
Year built
2023
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
MB24061829
City
Los Angeles
County
Los Angeles
Time on Site
34 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 5
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,800
  • Total Rent: $4,800
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 6
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,800
  • Total Rent: $5,800
  • Pro Forma/Market Rent: $5,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 5
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,700
  • Total Rent: $4,700
  • Pro Forma/Market Rent: $4,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.03%
  • Gross Rent Multiplier: 14.56
  • Gross Scheduled Income: $219,600
  • Net Operating Income: $193,186
  • Gross Operating Income: $210,816
Annual Expense Breakdown
  • Total Operating Expense: $26,414
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $6,264
  • Maintenance: $2,500
  • Professional Management: $4,800

Open Houses for 2937 West Blvd

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Property Details for 2937 West Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: One, Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Front, Garage Door Opener
Lot Information
  • Lot Features: Landscaped, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5050024008
  • Year Built Source: Builder
  • Entry Level: 4
  • Property is Attached
  • Offered With Property: All appliances.
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Private
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify, Unknown
Location / Neighborhood
Location Information
  • Directions: Between Adams Blvd and Jefferson Blvd
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2937 West Blvd

Last leased for $5,800 on September 28th, 2023

  • March, 2024

  • Mar 28, 2024

    Date

    Active

    CRMLS: MB24061829

    $3,199,000

    Price

  • September, 2023

  • Sep 28, 2023

    Date

    Leased

    CRMLS: MB23157476

    $5,800

    Price

  • Aug 22, 2023

    Date

    Active

    CRMLS: MB23157476

    $5,900

    Price

  • Listing provided courtesy of CRMLS

    THIS IS THE ONE: Welcome to your new Town Home located in the ultra-hot West Adams District. Never-been-lived-in BRAND NEW CONSTRUCTION (2023) TOWNHOME STYLE- This Unit is a functional 2,273 Sq Ft 5 BEDROOMS with 5 FULL BATHROOMS-plus 1 POWDER ROOM for guests & 2 Car Attached Garage. Amenities: Private ROOFTOP DECK (Amazing Views of the City) -fully equipped with all stainless-steel appliances including washer and dryer, central AC/HVAC. This floor plan is perfect for roommates who are looking for a safe and quiet neighborhood- the building provides a secured entry with plenty of sensor lights throughout. Absolutely stunning Modern Town Home in the most upcoming pocket of Mid-City/West Adams. YOU HAVE TO SEE IT TO MAKE IT HAPPEN FOR YOU! Live less than 10 minutes ($10 Uber Ride) from trendy Downtown Culver City + the Culver City Arts District plus the brand-new Cumulus Development! MINUTES from the hippest restaurants + bars in town, like Highly Likely, ALTA, Vicky's All Day, Delicious Pizza, Mizlala West Adams, Father's Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, Honey Kettle, CAVA, Bondi Harvest, The Culver Hotel + many more that are yet to open this Fall-Winter 2023. Book your tour today, do not miss out to live in one of LA's hottest moving neighborhoods. Unit is Move in Ready!

  • September, 2023

  • Sep 28, 2023

    Date

    Leased

    CRMLS: MB23167612

    $4,800

    Price

  • Sep 7, 2023

    Date

    Active

    CRMLS: MB23167612

    $4,800

    Price

  • Listing provided courtesy of CRMLS

    MOVE IN SPECIAL **OFFERING 2 WEEKS FREE RENT FOR IMMEDIATE MOVE INS.** Welcome to your new Town Home located in the ultra-hot West Adams District. Never-been-lived-in BRAND NEW CONSTRUCTION (2023) TOWNHOME STYLE- This Unit is a functional 1,805 Sq Ft 4 BEDROOMS with 5 FULL BATHROOMS- for guests & 1 Car Attached Garage. Amenities: Private ROOFTOP DECK (Amazing Views of the City) -fully equipped with all stainless-steel appliances including washer and dryer, central AC/HVAC. This floor plan is perfect for roommates who are looking for a safe and quiet neighborhood- the building provides a secured entry with plenty of sensor lights throughout. Absolutely stunning Modern Town Home in the most upcoming pocket of Mid-City/West Adams. YOU HAVE TO SEE IT TO MAKE IT HAPPEN FOR YOU! Live less than 10 minutes ($10 Uber Ride) from trendy Downtown Culver City + the Culver City Arts District plus the brand-new Cumulus Development! MINUTES from the hippest restaurants + bars in town, like Highly Likely, ALTA, Vicky's All Day, Delicious Pizza, Mizlala West Adams, Father's Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, Honey Kettle, CAVA, Bondi Harvest, The Culver Hotel + many more that are yet to open this Fall-Winter 2023. Book your tour today, do not miss out to live in one of LA's hottest moving neighborhoods. Unit is Move in Ready!

  • August, 2023

  • Aug 21, 2023

    Date

    Canceled

    CRMLS: MB23110087

    $3,150,000

    Price

  • Jun 21, 2023

    Date

    Active

    CRMLS: MB23110087

    $3,150,000

    Price

  • Listing provided courtesy of CRMLS

    1 UNIT is NOW LEASED: 2937 West Blvd is a brand-new construction fourplex in the Ultra Hot West Adams District just minutes from Downtown Culver City and the Culver City Arts District! This is a rare opportunity to secure a healthy CAP RATE while owning a stunning one of one 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 (fully leased) of functional living floor plan. The detached rear building features: two 3-story 4 bed, 4.5 bath-each unit is 1,757 Sq ft with an attached 2 car tandem garage (total Sq ft 370) including independent access to the roof top deck that provides unmatched city views. We project a combined gross monthly rent of $18,500 and a cap rate of 5.45%. 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 sqft including garages 7,844. Each unit is individually metered for gas, water 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. It will be delivered with a 1-year builder’s warranty and rent ready-at no additional cost to Buyer Listing Agent will assist in securing tenants as needed. 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 bikeable score of 64. This is the one, call listing agent to book your tour!

  • August, 2023

  • Aug 3, 2023

    Date

    Leased

    CRMLS: MB23135494

    $3,000

    Price

  • Jul 22, 2023

    Date

    Active

    CRMLS: MB23135494

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    THIS IS THE ONE: Welcome to your new home located in the ultra-hot West Adams District. Never-been-lived-in BRAND NEW CONSTRUCTION (2023) TOWNHOME STYLE- This Unit is a 970 Sq ft 2BDR 1 BATH fully equipped with all stainless-steel appliances including washer and dryer, central AC/HVAC. This floor plan is perfect for someone who is looking for a safe and quiet neighborhood- the building provides a secured entry with plenty of sensor lights throughout. Absolutely stunning Modern Home in the most upcoming pocket of Mid-City/West Adams. YOU HAVE TO SEE IT TO MAKE IT HAPPEN FOR YOU! Live less than 10 minutes ($10 Uber Ride) from trendy Downtown Culver City + the Culver City Arts District plus the brand-new Cumulus Development! MINUTES from the hippest restaurants + bars in town, like ALTA, Vicky's All Day, Delicious Pizza, Mizlala West Adams, Father's Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, Honey Kettle, CAVA, Bondi Harvest, The Culver Hotel + many more that are yet to open Winter 2023. Book your tour today, do not miss out to live in one of LA's hottest moving neighborhoods.

  • July, 2021

  • Jul 27, 2021

    Date

    Sold

    CRMLS: SR21124364

    $960,000

    Price

  • Jun 16, 2021

    Date

    Pending

    CRMLS: SR21124364

    $949,000

    Price

  • Jun 15, 2021

    Date

    Hold

    CRMLS: SR21124364

    $949,000

    Price

  • Jun 14, 2021

    Date

    Active

    CRMLS: SR21124364

    $949,000

    Price

  • Jun 12, 2021

    Date

    Coming Soon

    CRMLS: SR21124364

    $949,000

    Price

  • Listing provided courtesy of CRMLS

    Turnkey Home in Trendy West Adams Neighborhood! Keeping the charm of the early 19th century and updated with modern conveniences, this lovely 3 bed, 1 bath, 1,272 sf home with bonus converted garage is the one you’ve been waiting for. Enter the gated property and through a walkway lined with blooming greenery and surrounded by fruit trees to an arched entry beckoning you inside. A large living area with wood flooring and recessed lighting takes you through a family room to a large kitchen with white cabinetry, stone countertops, stainless steel appliances, washer and dryer hookups and lots of light. Just off the kitchen, a formal dining room is just waiting for you to entertain loved ones over home-cooked meals Three ample-sized bedrooms are perfect for a growing family or additional space for a home office or study. Out back a large 7,797 sf lot takes you past an ADU, gazebo, patio and storage shed to the back where a grassy area provides space for pets and kids to play. In an up-and-coming area close to cafes, shopping, public transit, the 10 freeways and so much more, you won’t want to miss this trendy turnkey home!

  • April, 2005

  • Apr 19, 2005

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 2937 West Blvd

Assessed Value (2020): $509,810
Year Land Value Improved Value Assessed Value
2020 $407,854 $101,956 $509,810

Home Value Compared to the Market

This property vs the competition

2937 West Blvd is listed 158.82% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $448.1 per/sqft which puts the price per square foot 42.03% lower than the median price per square foot for the city of Los Angeles.

About 2937 West Blvd

Detailed summary of property

2937 West Blvd is a fourplex located in Los Angeles, CA 90016 and is currently for sale. This fourplex offers 15 bedrooms, 16.5 bathrooms, roughly 7,139 living square feet, and sits on an approximately 7,787 square foot lot. 2937 West Blvd was first listed on ArdentRealEstateGroup.com on March 28, 2024. The homeowner is currently asking $3,199,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 158.82% higher than the median priced home. Local competing homes currently for sale include 2203 4th Ave, 2203 4th Ave and 1921 Carmona Ave. While the average home in Los Angeles, CA is selling in 96 days, 2937 West Blvd has a days on market of 27 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 2937 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 2937 West Blvd

Public county record property details
Beds
3
Baths
1
Year built
1925
Sq. Ft.
1,272
Lot Size
7,786
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
498
APN
5050-024-008

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
$1,150,000
Median List Price/Sq.Ft.
$748
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
74
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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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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