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3960 INGLEWOOD Boulevard, Los Angeles, CA 90066

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Listing Type
multi family
Listing Status
active
Explore Los Angeles, CA
9
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Transportation
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$4,650,000

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Home Details for 3960 INGLEWOOD Boulevard

Price
$4,650,000
Type
multi family
Year Build
1962
Sq. Ft.
8899
Lot Size
0.1590
County
Los Angeles
MLS Listing#
22145503
On exitrealty.com
79 days

Property Description

4.75% Cap Rate & 14.8 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, as well as the potential to achieve a 6.75% cap rate and 11.3 GRM.
EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA BRE# 01516899. Lorenzo Castillo Broker.
$4,650,000

Share Listing

EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA BRE# 01516899. Lorenzo Castillo Broker.