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    3443 West Boulevard

    Los Angeles, CA 90016
    • $2,250,000
    • STATUS: ACTIVE
    • ON SITE: 169 days
    • ID#: 302619887
    UPDATED: 62 min ago
    $2,250,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Currently operating above a 5% Cap, 3443 West Blvd. is a Beautifully Remodeled, 10-Unit asset located in West Adams. Seven of the ten units in the West Blvd. apartments have undergone renovation in 2019/2020, offering an investment with minimal work to be done with still 22% upside. West Blvd. is comprised of (8) 1-Bed/1-Bath & (2) Studio units, with a majority operating close to top of the market rents. For the remodeled units, those include all new flooring, new paint, new fixtures, new countertops, and Currently operating above a 5% Cap, 3443 West Blvd. is a Beautifully Remodeled, 10-Unit asset located in West Adams. Seven of the ten units in the West Blvd. apartments have undergone renovation in 2019/2020, offering an investment with minimal work to be done with still 22% upside. West Blvd. is comprised of (8) 1-Bed/1-Bath & (2) Studio units, with a majority operating close to top of the market rents. For the remodeled units, those include all new flooring, new paint, new fixtures, new countertops, and new appliances. New hot water heaters were also installed in each. The electrical system in the garage has been upgraded as the current owners have inputted new laundry machines. The plumbing has been upgraded to Copper throughout a majority of the property. Exterior upgrades to the property include building out the front yards, stucco repair, paint, and new garage doors. There is still upside in rental income with a market 10.20 GRM and 7.30% Cap. This is a great opportunity to own a stabilized, high cash flow property in one of Los Angeles's booming markets.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/108604884
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    3443 West Boulevard Los Angeles, CA 90016

    • Price: $2,250,000
    • Status: ACTIVE
    • Updated: 62 min ago
    • ID#: 302619887
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1930
    Built
    Neighborhood:
    Los Angeles (90016)
    County:
    Los Angeles
    Area:
    Los Angeles (90016)
    Property Description
    Currently operating above a 5% Cap, 3443 West Blvd. is a Beautifully Remodeled, 10-Unit asset located in West Adams. Seven of the ten units in the West Blvd. apartments have undergone renovation in 2019/2020, offering an investment with minimal work to be done with still 22% upside. West Blvd. is comprised of (8) 1-Bed/1-Bath & (2) Studio units, with a majority operating close to top of the market rents. For the remodeled units, those include all new flooring, new paint, new fixtures, new countertops, and Currently operating above a 5% Cap, 3443 West Blvd. is a Beautifully Remodeled, 10-Unit asset located in West Adams. Seven of the ten units in the West Blvd. apartments have undergone renovation in 2019/2020, offering an investment with minimal work to be done with still 22% upside. West Blvd. is comprised of (8) 1-Bed/1-Bath & (2) Studio units, with a majority operating close to top of the market rents. For the remodeled units, those include all new flooring, new paint, new fixtures, new countertops, and new appliances. New hot water heaters were also installed in each. The electrical system in the garage has been upgraded as the current owners have inputted new laundry machines. The plumbing has been upgraded to Copper throughout a majority of the property. Exterior upgrades to the property include building out the front yards, stucco repair, paint, and new garage doors. There is still upside in rental income with a market 10.20 GRM and 7.30% Cap. This is a great opportunity to own a stabilized, high cash flow property in one of Los Angeles's booming markets.
    Exterior Features

    Pool N/K Site Sidewalks

    Property Features

    Actual Cap Rate 5.04 Annual Expense Actual 49904 Buildings 3 Gross Rent Multiplier Actual 13.37 Gross Scheduled Income Actual 168252 Terms Conventional Zoning Assessor

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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