Los Angeles, CA 90066,3864 Inglewood Blvd
Los Angeles, CA 90066,3864 Inglewood Blvd
Los Angeles, CA 90066,3864 Inglewood Blvd
Los Angeles, CA 90066,3864 Inglewood Blvd
Los Angeles, CA 90066,3864 Inglewood Blvd
Los Angeles, CA 90066,3864 Inglewood Blvd
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$ 3,490,000
Est. payment | /mo

10 Beds

10 Baths

5,680 SqFt


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$ 3,490,000
Est. payment | /mo
Save

10 Beds

10 Baths

5,680 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,680 sqft

Price per Sqft $614

MLS Listing ID 25581195

Bedrooms 10

Year Built 1961

Lot Size 7,554 Sqft

Acres 0.1735

Property Sub-Type Multi-Family

Property Description

* Renovated 10-unit, 2-story apartment building in West Los Angeles with 15 parking spaces updated with brand-new plumbing, electrical and windows *In-place cap rate of 6.36%, with below market assumable financing at 3.35% fixed for the next two years, providing an investor with positive leverage and immediate cash-on-cash of 13.08% * Consistent unit mix of 10 one-bedroom floorplans, with one unit boasting its own private terrace * An astute buyer can capture additional upside by adding 2 ADUs in the existing parking lot * All units are equipped with newly refinished hardwood floors, large closets, wall HVAC, stainless steel appliances, updated bath and kitchens, and in-unit washers and dryers * Submarket occupancy averaged 96.6% over the past five years * Submarket asking rents expected to rise 21% over the next two years * The average household income within a three-mile radius is $164,324

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAR3

Exterior

Garage Spaces 15.0

Building

Story 2

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Colliers International Greater Los Angeles, Inc.
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4215 Highland Ave, Manhattan Beach, California, 90266, USA

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3864 Inglewood Blvd