2424 West, Los Angeles, CA 90016
2424 West, Los Angeles, CA 90016
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 homeownership in one of LA's most desirable up-and-coming neighborhoods. For pure investors, repositioning all three units to market rents represents substantial value-add upside. Located in the rapidly evolving West Adams neighborhood, this property is perfectly positioned to benefit from the area's ongoing revitalization. With proximity to major employment hubs including Downtown LA, Culver City, and USC, the location is ideal for attracting young professionals and students as tenants. West Adams has been experiencing significant appreciation, with property values increasing by an average of 8.23% per year over the past five years. Whether you're a first-time buyer ready to live in one unit and rent the others, a multi-generational family seeking flexible living arrangements. Don't miss your chance to make smart Los Angeles real estate work for you.
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
Comparative Market Analysis
Residential Tier · 4 active · 3 closed
Los Angeles · Triplex
Listed 42.3% above the median closed sale of $650,000. Closed comps sold at 103% of list — strong seller's market.
Price Position
Positioned above the market — commands a premium.
Active Properties (4)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 Miramar Street | Los Angeles | 2017 | 5 | 3 | 2,466 | 4,942 | $608 | $1.50M | 526 | 78 |
| 549 Hoefner | Los Angeles | 1936 | 5 | 3 | 2,103 | 5,352 | $333 | $699,999 | 31 | 76 |
| 507 GRANDE VISTA Avenue | Los Angeles | 1914 | 5 | 3 | 2,278 | 6,345 | $345 | $785,000 | 16 | 75 |
| 1457 25th | Los Angeles | 1922 | 3 | 4 | 2,548 | 6,752 | $363 | $925,000 | 137 | 72 |
| Total: 4 · Average | 4.5 | 3.3 | 2,348.75 | 5,847.75 | $412.25 | $977,499.5 | 177.5 | |||
| Median | 2,466 | $925,000 | ||||||||
Closed Properties (3)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 164 84th | Los Angeles | 1921 | 08/03/2026 | 5 | 4 | 2,064 | 5,320 | $599,999 | $650,000 | $315 | 1.08 | 122 | 74 |
| 164 84th Place | Los Angeles | 1921 | 08/03/2026 | 5 | 4 | 2,064 | 5,320 | $599,999 | $650,000 | $315 | 1.08 | 122 | 74 |
| 12811 Oxnard Street | Los Angeles | 1954 | 07/22/2026 | 4 | 3 | 2,266 | 6,120 | $1.05M | $960,000 | $424 | 0.91 | 41 | 72 |
| Total: 3 · Average | 4.7 | 3.7 | 2,131.333 | 5,586.667 | $753,333.333 | $753,333.333 | $351.333 | — | 95 | ||||
| Median | 2,064 | $650,000 | $650,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.