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Westwood Palms South - Part of Portfolio Sale 3749-3753 Westwood Blvd 8 Unit Apartment Building $2,600,000 ($325,000/Unit) 5.96% Cap Rate Los Angeles, CA 90034
Investment Highlights
- Eight-unit multifamily property offering a total of 13 bedrooms and 6 bathrooms across 6,626 SF.
- Strong connectivity via Metro E Line and major thoroughfares to Santa Monica, Downtown, and LAX.
- Walkable access to grocery, boutiques, and green space, fostering high tenant desirability.
- Located in Palms-Mar Vista with direct access to Culver City’s entertainment, dining, and tech hubs.
- LAR3 zoning allowing value-add redevelopment potential and additional ADU configurations.
- Investment upside supported by stable demand from surrounding creative and entertainment industries.
Executive Summary
CBRE Inc., as exclusive advisor to the Seller, is proud to present 3749 Westwood Blvd. in Palms, Los Angeles.
3749 Westwood Boulevard presents a premier multifamily investment opportunity situated at the pivotal intersection of the Palms and Mar Vista neighborhoods. This mid-century asset, constructed in 1956, is an eight-unit complex that captures the high-demand “creative class” demographic driven by the nearby tech and media expansion. Located on an approximately 8,014-square-foot lot with LAR3 zoning, the property offers significant value-add potential for investors looking to implement modern renovations or explore ADU (Accessory Dwelling Unit) additions to maximize density in a high-barrier-to-entry market.
The location offers a unique “secluded but central” appeal, situated on a picturesque, tree-lined street that bridges the gap between the high-rise office towers of Century City and the vibrant energy of Downtown Culver City. Residents enjoy unparalleled access to the “Screenland” lifestyle, located just minutes from the world-class dining and entertainment scene at The Culver Steps, Ivy Station, and the historic Culver Hotel. The property’s proximity to both the Palms and Culver City Metro E Line stations provides effortless access to the massive creative-tech campuses of Amazon MGM, Apple, and Warner Bros. Discovery, while also offering a quick commute to the beaches of Santa Monica or the cultural center of Beverly Hills.
Lifestyle amenities in the area further enhance the property’s desirability, with immediate access to local favorites like the Motor Avenue Farmers Market and the lush recreational green spaces of the Kenneth Hahn State Recreation Area. The surrounding landscape is characterized by Culver City’s sophisticated mix of international dining, boutique fitness studios, and essential grocers like Trader Joe’s and Whole Foods. For the strategic investor, 3749 Westwood Boulevard offers a rare combination of significant scale, a prime location at the doorstep of the region’s most explosive tech growth, and clear value-add potential through modern aesthetic upgrades, making it a future-proof addition to any sophisticated real estate portfolio.
Available individually or as a portfolio with: 3126 S. Canfield Ave., 3610 Westwood Blvd., 3766 S. Canfield Ave., and 3827 Tilden Ave.
3749 Westwood Boulevard presents a premier multifamily investment opportunity situated at the pivotal intersection of the Palms and Mar Vista neighborhoods. This mid-century asset, constructed in 1956, is an eight-unit complex that captures the high-demand “creative class” demographic driven by the nearby tech and media expansion. Located on an approximately 8,014-square-foot lot with LAR3 zoning, the property offers significant value-add potential for investors looking to implement modern renovations or explore ADU (Accessory Dwelling Unit) additions to maximize density in a high-barrier-to-entry market.
The location offers a unique “secluded but central” appeal, situated on a picturesque, tree-lined street that bridges the gap between the high-rise office towers of Century City and the vibrant energy of Downtown Culver City. Residents enjoy unparalleled access to the “Screenland” lifestyle, located just minutes from the world-class dining and entertainment scene at The Culver Steps, Ivy Station, and the historic Culver Hotel. The property’s proximity to both the Palms and Culver City Metro E Line stations provides effortless access to the massive creative-tech campuses of Amazon MGM, Apple, and Warner Bros. Discovery, while also offering a quick commute to the beaches of Santa Monica or the cultural center of Beverly Hills.
Lifestyle amenities in the area further enhance the property’s desirability, with immediate access to local favorites like the Motor Avenue Farmers Market and the lush recreational green spaces of the Kenneth Hahn State Recreation Area. The surrounding landscape is characterized by Culver City’s sophisticated mix of international dining, boutique fitness studios, and essential grocers like Trader Joe’s and Whole Foods. For the strategic investor, 3749 Westwood Boulevard offers a rare combination of significant scale, a prime location at the doorstep of the region’s most explosive tech growth, and clear value-add potential through modern aesthetic upgrades, making it a future-proof addition to any sophisticated real estate portfolio.
Available individually or as a portfolio with: 3126 S. Canfield Ave., 3610 Westwood Blvd., 3766 S. Canfield Ave., and 3827 Tilden Ave.
Property Facts
| Price | $2,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.96% | Building Size | 6,626 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Zoning | R3-1, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $2,600,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,626 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R3-1, Los Angeles - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 800 |
| 2+2 | 3 | - | 950 |
| 3+2 | 1 | - | 1,200 |
| Studios | 2 | - | 450 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4252-026-026 | Improvements Assessment | $781,199 |
| Land Assessment | $1,802,770 | Total Assessment | $2,583,969 |
Property Taxes
Parcel Number
4252-026-026
Land Assessment
$1,802,770
Improvements Assessment
$781,199
Total Assessment
$2,583,969
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