3960 INGLEWOOD BLVD

LOS ANGELES, CA, 90066

$4,690,000

$527 per ft²
$4,690,000
$527 per ft²
Active
Active
 - For Sale
beds
21 Beds
baths
20 Baths
carpenters-square
8,899 ft²
property_type
Multi-family
calendar
Built 1962
4.66% Cap Rate & 15.0 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.
MLS® ID:
22-125897
Listed:
2/8/22
Updated:
8/12/22

Interior Features

Total Bedrooms
21
Total Bathrooms
20
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
6,928 ft² lot

Other Property Details

Garage
No
Parking
Other
Parking Total
5.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
4/6/22
Price Change
$4,690,000
-1%
3/30/22
Price Change
$4,750,000
-2%
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