4035 Inglewood Blvd - Apartments FOR SALE


Los Angeles, CA 90066
$3,000,000 USD
310-801-7953
4035 Inglewood Blvd, Los Angeles, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/19
null | 3.32% Cap Rate

4035 Inglewood Blvd
Los Angeles, CA 90066


OVERVIEW

Keller Williams Realty and Everyday Real Estate Inc. are pleased to offer this exclusive, bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. (0+1, 1+1, 2+1, 2+2) Complete retrofit plans are included with an ADU option (new 2+1 unit) which will be provided at COE. This is projected to increase revenue by $28.8K per year. (Work not started, ADU and Retrofit plans cost $34K so far. Permit not yet pulled) Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer. Great Westside location south of Washington Place and West of Centinela. Walking distance to shopping, markets, banks, gyms, restaurants, a bowling alley, and a coffee shop. Located in the heart of the Mar Vista submarket in Los Angeles just minutes away from all that the area has to offer. The neighborhood boasts a blend of residential charm and urban convenience, making it an attractive location for potential renters.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

6

PRICE/UNIT

$500,000

CAP RATE

3.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

LAR3

APN/PARCEL ID

4232-029-023

ASK ABOUT THIS PROPERTY

Mike BrooksKeller Williams RealtyMore Info
310-801-7953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mike BrooksKeller Williams RealtyMore Info
310-801-7953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.