4035 Inglewood Blvd 8 Unit Apartment Building $2,300,000 ($287,500/Unit) 4.61% Cap Rate Los Angeles, CA 90066

Keller Williams Realty and Everyday Real Estate Inc. are pleased to offer this exclusive bread and butter, prime Mar Vista 8-unit (two nonconforming) 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. Three of the units are fully furnished and operating on month-to-month leases and can be delivered vacant. (0+1, 1+1, 2+2) Retrofit and ADU plans and permits are included (owner spent $42K). This new 2+1 unit is projected to increase revenue by $28.8K per year and will satisfy the retrofit requirement. Permits have been filed but no work has commenced. 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.