2424 West Los Angeles, CA 90016
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
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
HOA Y/N No
Year Built 1923
Lot Size 4,281 Sqft
Property Sub-Type Triplex
Property Description
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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Main Level Bedrooms 2
Interior
Interior Features Beamed Ceilings, Bedroom on Main Level, Galley Kitchen
Heating Natural Gas
Cooling None
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Curbs
View Y/N Yes
View City Lights
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Triplex
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5050006036
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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