3736 Westwood Blvd - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$2,075,000 USD
310-871-3933
3736 Westwood Blvd, Los Angeles, CA for Sale
$2,075,000 USD
Apartments - FOR SALE
1/1
null | 5.06% Cap Rate

3736 Westwood Blvd
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • 7 unit apartment building located in a prime Palms / Culver CIty adjacent location.
  • Excellent mix of units consisting of 1 Bachelor + 1 Bath, 1 - 1 Bed + 1 Bath, 1 - 2 Bed + 1 Bath, 3 - 2 Bed + 1 Bath Towhouses, and 1 -3 Bed +2 Bath.
  • Significant upside potential, several units are rented at below market rates.
  • 4 units are currently vacant - these 4 units can be renovated and immediately brought to market rates.
  • Rare opportunity for an Investor to purchase an income property in a highly coveted location near downtown Culver City.

OVERVIEW

This 7-unit apartment building is located in the highly desirable Palms neighborhood, adjacent to Culver City—one of Los Angeles’ most dynamic and rapidly evolving submarkets. Positioned along a major corridor with convenient access to the Westside, the property benefits from strong rental demand driven by proximity to major employment hubs, retail, and entertainment. The property features an excellent and diverse unit mix, including one bachelor + 1 bath unit, one 1- bedroom + 1 bath unit, one 2-bedroom + 1 bath unit, three 2-bedroom + 1 bath townhome-style units, and one 3-bedroom + 2 bath unit. This configuration caters to a wide tenant base, from individuals to families, enhancing long-term leasing flexibility. The building offers significant upside potential for an investor seeking a value-add opportunity. Several units are currently rented at below-market rates, and four units are vacant—providing immediate ability to renovate and lease at current market rents. A buyer has a clear path to increasing income and overall asset value through strategic improvements and interior unit upgrades. Additionally, there may be an opportunity to convert the existing garage space into an ADU, which could further enhance rental income. Located just minutes from downtown Culver City, the property is near a wide array of dining, retail, and entertainment options, as well as major employers including Apple, Amazon, Sony, and HBO. The surrounding area continues to benefit from ongoing development and strong tenant demand, making this a compelling investment in a high-growth location. Overall, 3736 Westwood Blvd represents a rare opportunity to acquire a well-located multifamily asset with meaningful rental upside in one of Los Angeles’ most sought-after rental markets.

FOR SALE DETAILS

PRICE

$2,075,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

7

PRICE/UNIT

$296,429

CAP RATE

5.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,877 SF

ZONING

LAR3

APN/PARCEL ID

4252-029-007

ASK ABOUT THIS PROPERTY

Gary FoxMiller & Desatnik Realty Corp.More Info
310-871-3933

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Gary FoxMiller & Desatnik Realty Corp.More Info
310-871-3933

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