3840 Inglewood Blvd
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3840 Inglewood Blvd
17 Unit Apartment Building $4,900,000 ($288,235/Unit) 4.38% Cap Rate Los Angeles, CA 90066
Investment Highlights
- Strong in-place Cash Flow with 31% Rental Upside Available
- (14) Gated Tuck Under Parking Spaces & (6) Uncovered Parking Spaces
- Prime Mar Vista Investment Opportunity
- Additional Passive Income Generated from Laundry
- (1) Studio, (14) 1 Bed | 1 Bath, (2) 2 Bed | 1.5 Bath
Executive Summary
The Boyett Team is 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 exclusive offer by The Boyett Team 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.
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 exclusive offer by The Boyett Team 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.
Property Facts
| Price | $4,900,000 | Apartment Style | Low Rise |
| Price Per Unit | $288,235 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 4.38% | Building Size | 11,784 SF |
| Gross Rent Multiplier | 13.6 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.61/1,000 SF |
| Price | $4,900,000 |
| Price Per Unit | $288,235 |
| Sale Type | Investment |
| Cap Rate | 4.38% |
| Gross Rent Multiplier | 13.6 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,784 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.61/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
| 2+1.5 | 2 | - | - |
| Studios | 1 | - | - |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 4214-022-028 | Improvements Assessment | $1,352,093 |
| Land Assessment | $947,854 | Total Assessment | $2,299,947 |
PROPERTY TAXES
Parcel Number
4214-022-028
Land Assessment
$947,854
Improvements Assessment
$1,352,093
Total Assessment
$2,299,947
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
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3840 Inglewood Blvd
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