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4035 Inglewood Blvd
Los Angeles, CA 90066
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Terrific Westside Location
- ADU Plans and permits ready to go
- Great 8 unit (2 non conforming) Building- Great Upside in Rents
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 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.
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.
Property Facts
| Price Per Unit | $287,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.61% | Lot Size | 0.14 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,794 SF |
| Gross Rent Multiplier | 11.43 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 0.64/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multiple Family Residential | ||
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.43 |
| No. Units | 8 |
| 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 |
| Zoning | LAR3 - Multiple Family Residential |
Amenities
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 |
|---|---|---|---|
| Studios | 2 | $1,527 | - |
| 2+1 | 3 | $2,298 | - |
| 1+1 | 1 | $2,000 | - |
| 2+2 | 1 | $2,645 | - |
| 3+2 | 1 | $1,756 | - |
Property Taxes
| Parcel Number | 4232-029-023 | Improvements Assessment | $369,828 |
| Land Assessment | $908,066 | Total Assessment | $1,277,894 |
Property Taxes
Parcel Number
4232-029-023
Land Assessment
$908,066
Improvements Assessment
$369,828
Total Assessment
$1,277,894
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