3735 Inglewood Boulevard

Los Angeles, CA 90066

$3,495,000
Price
12
Beds
10
Baths
6,826 Sq. Ft.
$512 / Sq. Ft.
6,826
Sq. Ft.
$512
per Sq. Ft.

Description

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...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.

Property Details for 3735 Inglewood Boulevard

Water Front
None
Zoning
LAR3
Style
Mid-Century
Parcel Number
4248029039
Total Units
10.0
Living Area
6826
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556
Add your commute
LISTING UPDATED: 05/13/2024 04:04 PM

Property Details for 3735 Inglewood Boulevard

StatusPending
MLS #24-385737
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.23 AC / 9,925 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556
Add your commute

Building Information for 3735 Inglewood Boulevard

Stories2Residences-Year Built1957Building Size-Lot Size0.23 AC / 9,925 SF

Payment Calculator

$20,097 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,074

Property Taxes

$1,023

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3735 Inglewood Boulevard

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apt
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Exterior Security Lights
  • Direction Faces: East
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Owner Carried, Assumed
  • Disclosures: Rent Control, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $186,550
  • Net Operating Income: $111,730.00
  • Gross Income: $192,319
  • Cap Rate: 3.20%
  • Gross Rent Multiplier: $18.67
  • Actual Annual Gross Rent: $187,219.00
  • Actual Gross Annual Income: $192,319
  • Actual Rent Total: $187,219.00
  • Financial Info as Of: 04/29/2024
  • Vacancy Allow Dollar: $5,770.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 74820
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2278
  • Lot Size Square Feet: 9925
  • Lot Description: Single Lot
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport
  • Total Parking: 10
  • Covered Parking: 0
  • Open Other Spaces Total: 10
  • Garage Spaces Total: 0
  • Parking Features: Assigned, Carport
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven, Dishwasher, Ceiling Fan, Washer, Dryer, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Cooking Appliances: Gas/Electric Range
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: None
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-30-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,452.00
  • Unit Actual Rent: $11,615.00
  • Unit Projected Rent: $18,360.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,993.00
  • Unit Actual Rent: $3,987.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $662,281.00
  • Assessed Improvement Percent: 72.08
  • Assessed Land Value: $256,473.00
  • Assessed Land Percent: 27.92
  • Assessed Total Value: $918,754.00

Property History for 3735 Inglewood Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3735 Inglewood Boulevard

Taxable ValueLand$256,473Additions$662,281Total$918,754
Tax Record2023$12,275 ($1,023 / month)
Home Facts
Total Finished SqFt6,826 SqFtAbove Grade Finished SqFt6,826 SqFtLot Size9,844 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN4248-029-039

Schools near 3735 Inglewood Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Grand View Boulevard Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Icef Vista Middle Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.