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4035 Inglewood Blvd
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4035 Inglewood Blvd
6 Unit Apartment Building $3,610,875 CAD ($601,813 CAD/Unit) 3.99% Cap Rate Los Angeles, CA 90066
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EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Price | $3,610,875 CAD | Property Subtype | Apartment |
Price Per Unit | $601,813 CAD | Apartment Style | Low Rise |
Sale Type | Investment | Building Class | C |
Cap Rate | 3.99% | Lot Size | 0.14 AC |
Sale Condition | 1031 Exchange | Building Size | 7,794 SF |
Gross Rent Multiplier | 12.51 | No. Stories | 2 |
No. Units | 6 | Year Built | 1959 |
Property Type | Multifamily | Parking Ratio | 0.64/1,000 SF |
Price | $3,610,875 CAD |
Price Per Unit | $601,813 CAD |
Sale Type | Investment |
Cap Rate | 3.99% |
Sale Condition | 1031 Exchange |
Gross Rent Multiplier | 12.51 |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.14 AC |
Building Size | 7,794 SF |
No. Stories | 2 |
Year Built | 1959 |
Parking Ratio | 0.64/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Furnished Units Available
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 6 | - | - |
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Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
Parcel Number | 4232-029-023 | Improvements Assessment | $514,239 CAD |
Land Assessment | $1,262,648 CAD | Total Assessment | $1,776,888 CAD |
PROPERTY TAXES
Parcel Number
4232-029-023
Land Assessment
$1,262,648 CAD
Improvements Assessment
$514,239 CAD
Total Assessment
$1,776,888 CAD
ZONING
Zoning Code | LAR3 (Multiple Family Residential) |
LAR3 (Multiple Family Residential) |
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4035 Inglewood Blvd
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