3960 INGLEWOOD BLVD

LOS ANGELES, CA, 90066

$4,690,000

$527 per ft²
$4,690,000
$527 per ft²
Active
Active
 - For Sale
beds
21 Beds
baths
20 Baths
carpenters-square
8,899 ft²
property_type
Multi-family
calendar
Built 1962
4.66% Cap Rate & 15.0 GRM + 42% upside in Net Income! Originally built in 1962, the 2-storyproperty has undergone an extensive renovation including 4 renovated units and 2 newly constructed units, with a full copper repipe, a brand new electrical system, and complete roof replacement. This 11-unit building features an incredible unit mix of (1) Studio, (1) 1 Bed+1 Bath, (1) 1 Bed+1 Bath+Yard, (6) 2 Bed+2 Bath , (1) 3 Bed+2 Bath, and (1) 3 Bed+3 Bath. The 6 renovated/new units feature in unit laundry and kitchens equipped with stainless steel appliances, new cabinets, quartz-stone countertops, and modern tiled back-splashes. This Westside Location attracts young professionals wanting to live close to the beach, trendy streets shopping and dining, and a short drive to big tech and entertainment headquarters like Sony Studios, Snap Inc, and Youtube. The property offers stable day 1 cash flow with substantial upside with the 5 non-renovated units, and Accelerated Appreciation in this terrific Westside location.
MLS® ID:
22-125897
Listed:
2/8/22
Updated:
6/24/22

Interior Features

Total Bedrooms
21
Total Bathrooms
20
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
6,928 ft² lot

Other Property Details

Attached Garage
No
Parking
Other
Parking Total
5.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
4/6/22
Price Change
$4,690,000
-1%
3/30/22
Price Change
$4,750,000
-2%

 

Courtesy of Elijah Korobkin, Central Realty Advisors Inc

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Kris Zacuto shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/24/22

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