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3960 Inglewood Blvd

Los Angeles, CA 90066
  • $4,650,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 22-145503
UPDATED: 36 min ago
$4,650,000
  • 20
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,899
    SQFT
  • $523
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

4.75% Cap Rate & 14.8 GRM + 42% upside in Net Income! Originally built in 1962, the 2-storyproperty has undergone an extensive renovation including 4 renovated units and 2 newly constructed units, with a full copper repipe, a brand new electrical system, and complete roof replacement. This 11-unit building features an incredible unit mix of (1) Studio, (1) 1 Bed+1 Bath, (1) 1 Bed+1 Bath+Yard, (6) 2 Bed+2 Bath , (1) 3 Bed+2 Bath, and (1) 3 Bed+3 Bath. The 6 renovated/new units feature in unit laundry and kitchens equipped with stainless steel appliances, new cabinets, quartz-stone countertops, and modern tiled back-splashes. This Westside Location attracts young professionals wanting to live close to the beach, trendy streets shopping and dining, and a short drive to big tech and entertainment headquarters like Sony Studios, Snap Inc, and Youtube. The property offers stable day 1 cash flow with substantial upside with the 5 non-renovated units, and accelerated appreciation in this terrific Westside location, as well as the potential to achieve a 6.75% cap rate and 11.3 GRM.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/127604363
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3960 Inglewood Blvd Los Angeles, CA 90066

  • Price: $4,650,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 36 min ago
  • MLS #: 22-145503
20
Beds
0
Baths
0
½ Baths
0.16
Acres
8,899
SQFT
$523
$/SQFT
1962
Built
Neighborhood:
Palms - Mar Vista
County:
Los Angeles
Area:
Palms - Mar Vista
Property Description
4.75% Cap Rate & 14.8 GRM + 42% upside in Net Income! Originally built in 1962, the 2-storyproperty has undergone an extensive renovation including 4 renovated units and 2 newly constructed units, with a full copper repipe, a brand new electrical system, and complete roof replacement. This 11-unit building features an incredible unit mix of (1) Studio, (1) 1 Bed+1 Bath, (1) 1 Bed+1 Bath+Yard, (6) 2 Bed+2 Bath , (1) 3 Bed+2 Bath, and (1) 3 Bed+3 Bath. The 6 renovated/new units feature in unit laundry and kitchens equipped with stainless steel appliances, new cabinets, quartz-stone countertops, and modern tiled back-splashes. This Westside Location attracts young professionals wanting to live close to the beach, trendy streets shopping and dining, and a short drive to big tech and entertainment headquarters like Sony Studios, Snap Inc, and Youtube. The property offers stable day 1 cash flow with substantial upside with the 5 non-renovated units, and accelerated appreciation in this terrific Westside location, as well as the potential to achieve a 6.75% cap rate and 11.3 GRM.
Exterior Features

Lot Size Area 6928 Other Structures Other Parking Garage Other Total Parking 5

Interior Features

Baths Total 20.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 2895893 Gross Income 314307 Gross Operating Income 314207 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 221106.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 93201 Type Of Units Apartments Year Built Source Other Zoning Lar3

Listing provided courtesy of Elijah Korobkin DRE#01897085 of Central Realty Advisors Inc.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
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