3840 Inglewood Boulevard, Unit 8

Los Angeles, CA 90066

$4,900,000
Price
17
Beds
19
Baths
11,784 Sq. Ft.
$416 / Sq. Ft.
11,784
Sq. Ft.
$416
per Sq. Ft.

Description

We are pleased to exclusively offer for sale 3840 Inglewood Boulevard. The property boasts a favorable unit mix of (14) one-bedroom one-bathroom units, (2) two-bedroom one and a half bathroom units, and (1) Studio unit. The 17-unit building is 11,784 square feet and sits on a 11,300 square feet lot. Located in the heart of the Mar Vista submarket in Los Angeles just minutes away from all that the area has to offer. The neighborhood boasts a blend of residential charm and urban convenience, making...We are pleased to exclusively offer for sale 3840 Inglewood Boulevard. The property boasts a favorable unit mix of (14) one-bedroom one-bathroom units, (2) two-bedroom one and a half bathroom units, and (1) Studio unit. The 17-unit building is 11,784 square feet and sits on a 11,300 square feet lot. Located in the heart of the Mar Vista submarket in Los Angeles just minutes away from all that the area has to offer. The neighborhood boasts a blend of residential charm and urban convenience, making it an attractive location for potential renters. This opportunity presents a unique chance for investors seeking to capitalize on a robust and steady income stream generated by this property. 3840 Inglewood Boulevard is a prime investment opportunity that gives investors strong in-place cash flow with the ability to capitalize on roughly 31% rental upside.
  1. Listed by John Boyett • DRE #02056759 • Brokerage DRE #00868409 • CBRE

Property Details for 3840 Inglewood Boulevard, Unit 8

Zoning
LAR3
Parcel Number
4214022028
Total Units
17.0
Living Area
11784
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
0
Lot Size Area
11303
LISTING UPDATED: 10/01/2024 12:01 AM

Property Details for 3840 Inglewood Boulevard, Unit 8

StatusActive
MLS #24-443561
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.26 AC / 11,303 SF
CountyLos Angeles County

Building Information for 3840 Inglewood Boulevard, Unit 8

Stories-Residences-Year Built1969Building Size-Lot Size0.26 AC / 11,303 SF

Property Information for 3840 Inglewood Boulevard, Unit 8

Community / Development
Community / Development
  • Number Of Units: 17
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Dwellings
  • Unit Number: 8
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $352,013
  • Net Operating Income: $214,430.00
  • Gross Income: $360,426
  • Gross Rent Multiplier: $13.60
  • Total Annual Expense: 137583
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2595
  • Lot Size Square Feet: 11303
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 0
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,671.00
  • Unit Actual Rent: $23,395.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 14
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $4,990.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,325,582.00
  • Assessed Improvement Percent: 58.79
  • Assessed Land Value: $929,269.00
  • Assessed Land Percent: 41.21
  • Assessed Total Value: $2,254,851.00

Property History for 3840 Inglewood Boulevard, Unit 8

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3840 Inglewood Boulevard, Unit 8

Taxable ValueLand$947,854Additions$1,352,553Total$2,300,407
Tax Record2024$29,655 ($2,471 / month)
Home Facts
Total Finished SqFt11,784 SqFtAbove Grade Finished SqFt11,784 SqFtLot Size11,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningLAR3CountyLOS ANGELESAPN4214-022-028

Schools near 3840 Inglewood Boulevard, Unit 8

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

Marina Del Rey 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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3840 Inglewood Boulevard, Unit 8 is a multi-family home for sale in Los Angeles, CA 90066. This property was listed for sale on September 23, 2024 by CBRE, it's currently listed at $4,900,000. It has been on the market for a total of 72 days and was last sold on March 4, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include Grand View Boulevard Elementary School, Marina Del Rey Middle School and Venice Senior High School. 3840 Inglewood Boulevard, Unit 8 is a 17-bed, 19-bath, 11,784 sqft multi-family home built in 1969.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, John Boyett, DRE #02056759

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.