4035 Inglewood Blvd - Apartments FOR SALE


Los Angeles, CA 90066- Mar Vista
$2,300,000 USD
310-801-7953
4035 Inglewood Blvd, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/22
null | 4.61% Cap Rate

4035 Inglewood Blvd
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • Terrific Westside Location
  • Great 8 unit (2 non conforming) Building- Great Upside in Rents
  • ADU Plans and permits ready to go

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,500

CAP RATE

4.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

LAR3

APN/PARCEL ID

4232-029-023

ASK ABOUT THIS PROPERTY

Mike BrooksKeller Williams RealtyMore Info
310-801-7953

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Mike BrooksKeller Williams RealtyMore Info
310-801-7953

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