tomo logo

$2,099,000

Beds
6
Baths
5.5
sq ft
3,476

3020 West Blvd, Los Angeles, CA 90016

3020 West Blvd

Los Angeles, CA 90016

  • 35 days on market
Beautifully restored Spanish-style property in the vibrant heart of West Adams, offering a unique four-unit arrangement with four parking spots on an extra large 7,774 sqft lot. The main house and attached ADU are both delivered vacant and were fully gut renovated in 2020 and 2021. The two story detached new construction duplex at the rear of the property was completed in 2022, providing a versatile living and income-generating opportunity.Inside the approx.1,810 sqft, 3 bedroom, 2.5 bathroom main house, a light-filled living room welcomes you with soaring ceilings and elegant archways, creating a sense of openness not always seen in Spanish style homes. The dedicated dining and breakfast areas flow seamlessly into the large, open kitchen, designed for the home chef. Granite countertops, stainless steel appliances, a breakfast bar, and ample pantry storage elevate the space. An adjoining nook offers a cozy spot for casual dining or a home office, overlooking the refreshed front garden. The primary bedroom is a peaceful retreat, with generous closet space and an en-suite bathroom featuring a double vanity and skylight. Two additional bedrooms share a Jack-and-Jill bathroom, perfect for family or guests.The attached ADU features its own private entrance, flooding the space with natural light. It includes a kitchenette, large bathroom, and convenient stacked washer/dryer, making it ideal for guests, a private office or additional rental income. For added flexibility, the ADU can easily be connected to the main house by removing a small entryway, offering a seamless expansion option if desired.The two detached units at the rear, built in 2022, are currently tenant-occupied. The upper studio apartment features vaulted ceilings and balcony and is currently leased for $2,395/mo, while the lower one-bedroom unit is currently leased for $2,317/mo. Both units are new construction and non-RSO.If desired, the property also works great as a straight investment property and all four units can be rented for approximately $144,000/year.During the renovations, the property was fully gut renovated with extensive work done to the foundation and sewer line, as well as earthquakebolting on the front house completed by Seismic Safety. All four units are upgraded with AC/heating systems, laundry and dishwasher in kitchens.Just steps away from some of West Adams' most popular spots like Highly Likely, Cento, Alta, NSoto and Bee Taqueria, and minutes from Whole Foods, West Adams Pilates, and cozy neighborhood coffee shops, this property places you at the heart of one of LA's most dynamic districts.

Details

Property type

Single Family Residence

Est. home value

$1,745,354

Property condition

Updated/Remodeled

Lot size

7,774 sq ft

Price per sq ft

$604

Year built

1927

HOA

No

Price History

10/11/2024
CLAW

CLAW #24451933

Listed
$2,099,000
-6.71%
05/31/2024
CRMLS

CRMLS #P1-17444

Removed
$2,250,000
04/30/2024
CRMLS

CRMLS #P1-17444

Listed
$2,250,000
+184.81%

Schools & Community

Neighborhood: 

West Adams

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Us Bank Na

Loan start date

April 2020

Original loan amount

$140,000

Est. remaining balance

Not provided

Interest rate

3.18%

Loan type

Credit Line (Revolving)

Seller

Brooke Safford

Lender

Us Bank Na

Loan start date

February 2020

Original loan amount

$980,000

Est. remaining balance

Not provided

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

Brooke Safford

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/15/2024 at 7:40 AM

Listing updated: 11/01/2024 at 12:55 PM

Listed by: Jose Prats, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #24451933

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