4035 Inglewood Boulevard

Los Angeles, CA 90066

$3,000,000
Price
8
Beds
10
Baths
6,490 Sq. Ft.
$462 / Sq. Ft.
6,490
Sq. Ft.
$462
per Sq. Ft.

Description

Amazing bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant (0+1, 1+1, 2+1, 2+2) Complete retrofit plans...Amazing bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant (0+1, 1+1, 2+1, 2+2) Complete retrofit plans are included with an ADU option (new 2+1 unit) which will be provided at COE. This is projected to increase revenue by $28.8K per year. (Work not started, ADU and Retrofit plans cost $34K so far. Permit not yet pulled) Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer.
  1. Listed by Michael Brooks • DRE #01830060 • Brokerage DRE #01898399 • Keller Williams Realty- YL/ AH • 657-837-6004
  2. Listed by Ivy Gherscovici • DRE #01329697 • Brokerage DRE #02141747 • Everyday Real Estate, Inc.

Property Details for 4035 Inglewood Boulevard

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6490
LISTING UPDATED: 11/26/2024 03:54 AM

Property Details for 4035 Inglewood Boulevard

StatusActive
MLS #OC24239346
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
CountyLos Angeles County

Building Information for 4035 Inglewood Boulevard

Building/Complex4035 Inglewood BlvdFloor-Stories2Residences-Pet Policy-Year Built1959Building Size-

Property Information for 4035 Inglewood Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $199,920
  • Gross Scheduled Income: $199,920
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $199,920
  • Net Operating Income: $91,750
  • Gross Multiplier: 15.01
  • Cap Rate: 3.06
Expense Details
  • Operating Expense: $102,225
  • New Taxes Expense: $37,500
  • Gardener Expense: $2,040
  • Fuel Expense: $0
  • Electric Expense: $2,833
  • Insurance Expense: $6,000
  • Maintenance Expense: $8,000
  • Professional Management Expense: $0
  • Other Expense: $34,689
  • Other Expense Description: Other
  • Trash Expense: $3,937
  • Water Sewer Expense: $21,299
  • Total Expenses: $94,298
Tax / Assessment Info
  • Tax Tract Number: 19812
  • Tax Census Tract: 2723.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 23
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,336
  • Unit Type Total Rent: $2,672
  • Unit Type Pro Forma: 1325
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,212
  • Unit Type Total Rent: $6,637
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,756
  • Unit Type Total Rent: $1,756
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 0

Property History for 4035 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 4035 Inglewood Boulevard

Taxable ValueLand$890,261Additions$363,777Total$1,254,038
Tax Record2024$16,254 ($1,355 / month)
Home Facts
Total Finished SqFt6,490 SqFtAbove Grade Finished SqFt6,490 SqFtLot Size5,999 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLAR3CountyLOS ANGELESAPN4232-029-023

Schools near 4035 Inglewood Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Grand View Boulevard Elementary School
Public - K to 5
Marina Del Rey Middle School
Public - 6 to 8
Venice Senior High School
Public - 9 to 12
James J. Mcbride Special Education Center
Public - 6 to 12
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

James J. Mcbride Special Education Center
Public6 to 12

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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More information about 4035 Inglewood Boulevard, Los Angeles, CA 90066

4035 Inglewood Boulevard is a multi-family home for sale in Los Angeles, CA 90066. This property was listed for sale on November 25, 2024 by Keller Williams Realty- YL/ AH, it's currently listed at $3,000,000. It has been on the market for a total of 0 days and was last sold on July 15, 2020. 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. 4035 Inglewood Boulevard is a 8-bed, 10-bath, 6,490 sqft multi-family home built in 1959.

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 Keller Williams Realty- YL/ AH, Michael Brooks, DRE #01830060; Everyday Real Estate, Inc., Ivy Gherscovici, DRE #01329697

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.