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3443 West Blvd
Los Angeles, CA 90016
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Strong West Adams Location
- Solid Rental Upside (+25%)
- Potential to Build ADUs in the Rear (Buyer to Verify)
- Most Units Upgraded to Include New Roof, Electrical, Foundation, Kitchen, Ring Doorbells, New Flooring, Cabinetry, Appliances, Fixtures, and Bathrooms
- On-Site Parking - 4 Spaces and 3 Garages
- Charming Spanish-Style Architecture
Executive Summary
Marcus and Millichap is pleased to present a ten (10) unit apartment building located at 3443 West Blvd in Los Angeles, California. The subject property is located in a good West Adams location, just north of Exposition Blvd and west of Crenshaw Blvd.
Located in a strong West Adams location, 3443 West Blvd features a desirable unit mix of one studio and nine one-bedroom units within a rare turnkey multifamily asset showcasing classic Spanish-style architecture and bungalow-style charm. Most units have been upgraded with modern kitchens, flooring, cabinetry, appliances, fixtures, bathrooms, and major system improvements including electrical and roofing. The property offers approximately 25% rental upside along with potential to add ADUs in the rear. Residents benefit from immediate access to the 10 Freeway, Metro E and K Line stations, major commercial corridors including Jefferson and Crenshaw Boulevards, nearby retail amenities, parks, and new mixed-use developments continuing to drive growth and investment activity throughout the surrounding West Adams submarket.
With extensive unit renovations, solid rental upside, ADU potential, and a highly accessible West Adams location near major transit and commercial corridors, this property presents a rare opportunity to acquire a well-positioned multifamily asset in one of Los Angeles’ strongest growth submarkets.
Located in a strong West Adams location, 3443 West Blvd features a desirable unit mix of one studio and nine one-bedroom units within a rare turnkey multifamily asset showcasing classic Spanish-style architecture and bungalow-style charm. Most units have been upgraded with modern kitchens, flooring, cabinetry, appliances, fixtures, bathrooms, and major system improvements including electrical and roofing. The property offers approximately 25% rental upside along with potential to add ADUs in the rear. Residents benefit from immediate access to the 10 Freeway, Metro E and K Line stations, major commercial corridors including Jefferson and Crenshaw Boulevards, nearby retail amenities, parks, and new mixed-use developments continuing to drive growth and investment activity throughout the surrounding West Adams submarket.
With extensive unit renovations, solid rental upside, ADU potential, and a highly accessible West Adams location near major transit and commercial corridors, this property presents a rare opportunity to acquire a well-positioned multifamily asset in one of Los Angeles’ strongest growth submarkets.
Property Facts
| Price Per Unit | $167,900 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.51% | Building Size | 4,765 SF |
| Gross Rent Multiplier | 9.73 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR2 - Multiple Dwelling | ||
| Price Per Unit | $167,900 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Gross Rent Multiplier | 9.73 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,765 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | LAR2 - Multiple Dwelling |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Heating
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| Studios | 1 | - | - |
Property Taxes
| Parcel Number | 5046-007-018 | Improvements Assessment | $167,325 |
| Land Assessment | $1,227,068 | Total Assessment | $1,394,393 |
Property Taxes
Parcel Number
5046-007-018
Land Assessment
$1,227,068
Improvements Assessment
$167,325
Total Assessment
$1,394,393
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