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Los Angeles, CA 90066 3735 Inglewood Boulevard

$3,495,000

Pending
3735 Inglewood Boulevard Los Angeles, Ca - Image 13735 Inglewood Boulevard Los Angeles, Ca - Image 23735 Inglewood Boulevard Los Angeles, Ca - Image 3
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Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# 24385737
  • 04/30/2024
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  • BedBeds • 12
  • BathBaths • 10
  • FootageSQFT • 6,826

Home Details

3735 Inglewood is a 10 unit apartment building in a premiere rental pocket of Mar Vista, a neighborhood of LA's Westside between Venice and Culver City. Both of these cities have become a major tech hub with companies such as YouTube, Amazon, TikTok, and Apple leasing office space in the area. The subject property offers a great unit mix consisting of (8) 1 Bed / 1 Bath and (2) 2 Bed / 1 Bath units spread across 6,826 square feet on a large 9,844 square feet lot zoned LAR3. There are 10 individual parking spaces at the rear of the property with alley access. The communal laundry room is also located towards the back of the building with two washers and two dryers. Current rents are 52% below market. Seller financing is available with 9+ years of left on the current note. Interest only rates for the remaining terms is as follows: Year 1: 4.0%, Year 2: 4.25%, Year 3: 4.5%, Year 4, 4.75%, Year 5: 5.0%, Year 6-10: 5.5%. Loan amount is $2,383,225. Please contact listing agents for an offering memorandum.
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 3735 Inglewood Boulevard

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths10

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixBoulevard
Total Stories2

General for 3735 Inglewood Boulevard

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, GasRange, Refrigerator, Dryer, Washer
Architectural StyleMidCenturyModern
Attached Garage No
Buyer FinancingAssumed, SellerFinancing
Cap Rate3.2
Carport Y/NYes
CityLos Angeles
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
Days on Market14
DirectionsInglewood Blvd and Venice Blvd
DisclosuresRentControl
Entry LocationGround Level w/steps
Facing DirectionEast
Garage Spaces0.0
Garage Y/NNo
Gross Income192319.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet9925.0
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
Net Operating Income111730.0
New ConstructionNo
Occupancy TypeTenant
Open Parking Spaces10.0
Patio/Porch FeaturesNone
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Street NameInglewood
Tenant PaysElectricity, Gas
Total Units10
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1957
ZoningLAR3

Exterior for 3735 Inglewood Boulevard

Building Area Total6826.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2278
Lot Size Area9925.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Carport
SpaNo
Total Parking10.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,495,000
MLS#24385737
List Date 04/30/2024
Property Type Pending
Phone 714.964.3311
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*According to the National Association of Realtors