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3960 Inglewood Boulevard

Los Angeles (City), CA 90066
  • $4,650,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: 22145503
UPDATED: 47 min ago
$4,650,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Elijah Korobkin of Central Realty Advisors Inc (323-285-9002)


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 California Regional Multiple Listing Service, Inc. as of 2022-05-26T19:33:55.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127605148
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3960 Inglewood Boulevard Los Angeles (City), CA 90066

  • Price: $4,650,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 47 min ago
  • ID#: 22145503
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1962
Built
Neighborhood:
C13 - Palms - Mar Vista
County:
Los Angeles
Area:
C13 - 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

Parking Total 5

Property Features

Association Fee 0 Disclosures Principal is Real Estate LicensedRent Control Gross Income 314307 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 221106 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T19:33:55.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Elijah Korobkin of Central Realty Advisors Inc (323-285-9002)