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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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


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TheMLS (CLAW)
Listed by Colliers International Greater Los Angeles, Inc.

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Kirshner Elkin Properties

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