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Jim & Jennie Real Estate Group

jimandjennie.re@gmail.com +1(619) 840-2023

$925,000

Est. payment - /mo

4 Beds

3 Baths

2,459 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,459 sqft

Price per Sqft $376

MLS Listing ID PW26099448

Bedrooms 4

Full Baths 3

Year Built 1923

Lot Size 4,284 Sqft

Property Sub-Type All Other Attached

Property Description

Discover an exceptional opportunity in the heart of West Adams, Los Angeles perfect for an owner-occupant buyer looking to live in a spacious home while generating rental income from two additional units. This charming multi-unit property at 2424 West Blvd offers the rare chance to "house hack" your way into homeownership, letting your tenants help pay your mortgage. Imagine settling into the rear unit: a spacious two-story, 3-bedroom, 1.5-bathroom home with room to grow, while the front and center 1-bedroom apartments provide steady monthly income to offset your housing costs. With FHA and conventional owner-occupied financing options available for multi-unit properties (up to 4 units), this is an ideal entry point for first-time buyers, multi-generational families, or savvy investors looking to live in one unit while building equity and cash flow from the others. The property features: Rear unit: A spacious two-story, 3-bedroom, 1.5-bathroom home ideal for the owner Front unit: A delightful 1-bedroom apartment with a manicured yard and succulent garden Center unit: A comfortable 1-bedroom, 1-bathroom apartment Driveway parking for three vehicles One-car garage Current unit mix and rents: 3 Bedroom, 1.5 Bathroom: $1,580/month 1 Bedroom, 1 Bathroom: proforma 1 Bedroom, 1 Bathroom: $1,528/month Market rent potential: 3 Bedroom: $3,750/month 1 Bedroom units: $2,100/month each For an owner-occupant, the two 1-bedroom units alone offer significant income potential at market rents, they could bring in approximately $3,800/month combined, dramatically reducing the true cost of

Location

State CA

County Los Angeles

Direction 10 Fwy Exit Crenshaw Blvd

Interior

Interior Features Beamed Ceilings

Fireplace No

Exterior

Garage Spaces 1.0

View Y/N Yes

Water Access Desc Public

View City Lights

Total Parking Spaces 1

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5050006036

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

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Listed by Steven Richardson, DRE#01510320 Y Realty

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Jim & Jennie Real Estate Group

+1(619) 840-2023

Broker/CEO | License ID: 01879102

Broker/CEO License ID: 01879102

2424 West Los Angeles, CA 90016

Jim & Jennie Real Estate Group

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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2424 West