3705 WESTWOOD BL | Los Angeles, CA 90034
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- LoopNet Team
3705 WESTWOOD BL
Los Angeles, CA 90034
$1M EXIT IN PALMS | 16 UNITS | 5.77% CAP · Multifamily Property For Sale
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16 Units
Investment Highlights
- BUILD 5 NEW UNITS WITHOUT SACRIFICING PARKING!
- Large Lot 16,010 SF with 16 Parking Carports
- All appliances in each unit come with Choice Home Warranty covering major equipment: Water Heaters, AC, Fridges, & Plumbing
- A design proposal for 4 x 2 Bedroom units and one 1-bedroom unit for a total of 5 new units and over 3,300 sq ft,
- Gated, Two Story Asset w/ Strong Unit Mix of (2) 3+2, (3) 2+2, (5) 2+1, (6) 1+1 | 6.22% CAP Rate + 11.04 GRM
- Capital improvements, including a new roof and copper plumbing
Property Facts
| No. Units | 16 | Building Size | 13,201 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Mid-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | R3-1 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 13,201 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R3-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $11,915 | - |
| 2+2 | 3 | $7,168 | - |
| 2+1 | 5 | $11,503 | - |
| 3+2 | 2 | $6,660 | - |
Property Taxes
| Parcel Number | 4252-026-036 | Improvements Assessment | $1,061,016 |
| Land Assessment | $778,072 | Total Assessment | $1,839,088 |
Property Taxes
Parcel Number
4252-026-036
Land Assessment
$778,072
Improvements Assessment
$1,061,016
Total Assessment
$1,839,088
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