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2947 West Blvd 2947 West Blvd 4 Unit Apartment Building $1,695,000 ($423,750/Unit) 6.41% Cap Rate Los Angeles, CA 90016
INVESTMENT HIGHLIGHTS
- Desirable unit mix, consisting of (1) 4 Bed/2 Bath, (1) 3 Bed/ 2 Bath, and (2) 1 Bed/ 1 Bath units
- 2 Newly constructed ADUs, rented very close to market, providing stable cash flow to an Owner/User
- (1) 3 Bed/ 2 Bath Unit to be delivered vacant, while occupied units are Section 8 tenants, guaranteeing government income
- Conveniently located in West Adams, in proximity to major metropolitan amenities as well as trendy restaurants and coffee shops
EXECUTIVE SUMMARY
2947 West Blvd offers an exceptional opportunity for a homeowner who wants the best of both worlds — a beautiful place to live and strong supplemental income. Located in the heart of the rapidly growing West Adams neighborhood, this well-maintained property 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, giving you peace of mind with consistent, guaranteed monthly payments. The two newly constructed ADUs are leased near market rate and offer clean, updated finishes, ideal for creating steady financial security. Whether you plan to live in one of the units or simply enjoy the benefits of a low-maintenance property, this setup is perfect for anyone seeking stability and flexibility.
Beyond the numbers, 2947 West Blvd is all about lifestyle. West Adams has become one of LA’s most exciting and evolving neighborhoods, known for its charming historic streets, trendy cafés and restaurants, and easy access to Culver City, Mid-City, and Downtown LA. You’ll enjoy convenient connections to major job centers, transit, and everyday amenities, all while being part of a community that continues to grow in value and appeal.
This offering delivers a rare chance to live comfortably while building wealth in one of LA’s most desirable, fast-rising areas. An incredible price adjustment makes it even more attainable — ideal for the buyer who wants to plant roots and benefit from strong, long-term upside.
Three of the units are occupied by long-term Section 8 tenants, giving you peace of mind with consistent, guaranteed monthly payments. The two newly constructed ADUs are leased near market rate and offer clean, updated finishes, ideal for creating steady financial security. Whether you plan to live in one of the units or simply enjoy the benefits of a low-maintenance property, this setup is perfect for anyone seeking stability and flexibility.
Beyond the numbers, 2947 West Blvd is all about lifestyle. West Adams has become one of LA’s most exciting and evolving neighborhoods, known for its charming historic streets, trendy cafés and restaurants, and easy access to Culver City, Mid-City, and Downtown LA. You’ll enjoy convenient connections to major job centers, transit, and everyday amenities, all while being part of a community that continues to grow in value and appeal.
This offering delivers a rare chance to live comfortably while building wealth in one of LA’s most desirable, fast-rising areas. An incredible price adjustment makes it even more attainable — ideal for the buyer who wants to plant roots and benefit from strong, long-term upside.
PROPERTY FACTS
| Price | $1,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $423,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.41% | Building Size | 3,384 SF |
| Gross Rent Multiplier | 11.67 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1924 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LA R2 - restricted Density Multiple Dwelling | ||
| Price | $1,695,000 |
| Price Per Unit | $423,750 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Gross Rent Multiplier | 11.67 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,384 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | LA R2 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (85)
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