3610 Westwood Blvd 10 Unit Apartment Building $3,150,000 ($315,000/Unit) Los Angeles, CA 90034
INVESTMENT HIGHLIGHTS
- 10 units in a great location in Palms, adjacent to Culver City
- Value-add opportunity with upside in rents
- Walking distance to several shops and restaurants
- Excellent unit mix of (1) 3+3, (2) 2+2, (3) 1+1, and (4) studios
- Select units have been renovated
- 11 open parking spaces with the potential to build ADUs (soft-story retrofit is not required)
EXECUTIVE SUMMARY
10 units in a great location in Palms, adjacent to Culver City, Mar Vista, and Venice Beach. Excellent unit mix of (1) 3 bed + 3 bath, (2) 2 bed + 2 bath, (3) 1 bed + 1 bath, and (4) studios. Value-add opportunity with upside in rents. Select units have been renovated. Walking distance to several shops and restaurants. The Westwood Apartments are centrally located to major tech and entertainment hubs in Culver City. 11 open parking spaces with the potential to add ADUs. Soft-story retrofit is not required.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $3,150,000 |
| Price Per Unit | $315,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,800 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.75/1,000 SF |
UNIT AMENITIES
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Recreation Room
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3 | 1 | - | - |
| 2+2 | 2 | - | - |
| 1+1 | 3 | - | - |
| Studios | 4 | - | - |
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 4252-028-015 | Improvements Assessment | $798,873 |
| Land Assessment | $1,864,042 | Total Assessment | $2,662,915 |
ZONING
| Zoning Code | R3, Los Angeles |
