3705 WESTWOOD BL - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$5,250,000 USD
310-259-7556
3705 WESTWOOD BL, Los Angeles, CA for Sale
$5,250,000 USD
Apartments - FOR SALE
1/42
null | 5.77% Cap Rate

3705 WESTWOOD BL
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • BUILD 5 NEW UNITS WITHOUT SACRIFICING PARKING! 
  • 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,
  • Large Lot 16,010 SF with 16 Parking Carports
  • Gated, Two Story Asset w/ Strong Unit Mix of (2) 3+2, (3) 2+2, (5) 2+1, (6) 1+1
  •  All appliances in each unit come with Choice Home Warranty covering major equipment: Water Heaters, AC, Fridges, & Plumbing
  • Capital improvements, including a new roof and copper plumbing

OVERVIEW

3705 Westwood Blvd is a highly coveted 16-unit multi-family asset located in the most desired pocket of LA. Close to the Culver Steps, Sony Studios, Amazon, HBO, We Work, and the list goes on. You are buying in a pocket of LA, driving the youngest demographic, and attracting the best jobs. The sky's the limit with the future appreciation of this asset. This two-story asset features a desirable mix of spacious one's and two bedroom units, as well as three bedroom units, catering to strong rental demand in this prime Westside market. Additionally, the property is fully parked with 16 parking spaces on-site. All appliances in each unit come with Choice Home Warranty covering major equipment such as Water Heaters, AC, Fridges, & Plumbing. The property has had many capital improvements, including a new roof and copper plumbing. Easily Create $1M in Profits. BUILD 5 NEW UNITS WITHOUT SACRIFICING PARKING! Speaking of upside and creating value, if you are looking to build ADU's this is the building for you. A design proposal for 4 x 2 Bedroom units and one 1-bedroom unit for a total of 5 new units and over 3300 sq ft, can be added to the property without sacrificing parking, bringing an incredible opportunity for a buyer. Build all 5 units for just $160,000 a door bringing your income up to $50,515.44. To build for $160k a door in this neighborhood alone will create an additional $1.8 Million in value with $1 Million in profits. This is the easiest way to more than double your money in one year.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

16

PRICE/UNIT

$328,125

CAP RATE

5.77%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1M EXIT IN PALMS | 16 UNITS | 5.77% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,010 SF

ZONING

R3-1

APN/PARCEL ID

4252-026-036

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.