3700 Inglewood Boulevard

    Los Angeles (City), CA 90066
    • $6,700,000
    • STATUS: Closed
    • ON SITE: 150 days
    • ID#: 18355114
    Sold - 08/15/2018
    $6,700,000
    SOLD - 08/15/2018
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,636
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Wonderful opportunity for a long term investment property. Great corner lot at the foot of the Mar Vista Hill. Located at Inglewood Blvd and Victoria Ave. The Islander is a 20 unit courtyard property with a great unit mix. 8 Large 2 + 1 units, 4 Regular 2 + 1 & 8 1 + 1 units. The property has upgraded copper plumbing, new sewer line from the exterior of the property to the street, new hot water heater, and new water main. Large parking lot resurfaced in the past 5 years. Close to the Farmers' Market, easy access to all of the Tech that have moved into the area: Google, Facebook, Tesla, You Tube and many others. This is a well maintained property with major upside potential in the rents. Bring your serious investors as this property is in high demand. If you are looking for a great long term investment this is it. Inside access with accepted offer. Subject to sellers 1031 exchange at no expense to buyer. One unit will be delivered vacant. Income / expense breakdown available

    Sold by Todd Stein of Campbell Wellman Properties.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84728686

    3700 Inglewood Boulevard Los Angeles (City), CA 90066

    • Price: $6,844,000
    • Status: Closed
    • Updated: 18 min ago
    • ID#: 18355114
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    16,636
    SQFT
    $0
    $/SQFT
    1955
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    Wonderful opportunity for a long term investment property. Great corner lot at the foot of the Mar Vista Hill. Located at Inglewood Blvd and Victoria Ave. The Islander is a 20 unit courtyard property with a great unit mix. 8 Large 2 + 1 units, 4 Regular 2 + 1 & 8 1 + 1 units. The property has upgraded copper plumbing, new sewer line from the exterior of the property to the street, new hot water heater, and new water main. Large parking lot resurfaced in the past 5 years. Close to the Farmers' Market, easy access to all of the Tech that have moved into the area: Google, Facebook, Tesla, You Tube and many others. This is a well maintained property with major upside potential in the rents. Bring your serious investors as this property is in high demand. If you are looking for a great long term investment this is it. Inside access with accepted offer. Subject to sellers 1031 exchange at no expense to buyer. One unit will be delivered vacant. Income / expense breakdown available
    Exterior Features

    Architectural Style See Remarks Lot Size Source Assessor Lot Size Units Square Feet Parking Features Private Parking YN Yes

    Interior Features

    Appliances Water Heater Central Appliances YN Yes Cooling None Cooling YN No Laundry Features Individual RoomSee Remarks Levels Two

    Property Features

    Cap Rate 3.19 Gross Multiplier 19.20 Gross Operating Income 345848.00 Improvements Amount 2251255 Land Value 1530460 Laundry YN Yes Net Operating Income 207387.00 Special Listing Conditions Standard Total Expenses 138461.00 Zoning Lar3

    Listing provided courtesy of Ian Hale of Re/Max Estate Properties and Tina Hale of Re/Max Estate Properties.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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