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3755 INGLEWOOD, Los Angeles, CA 90066

Property Details

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give this property?

Los Angeles, CA 90066

For Sale: $6,598,000

Property Type: Commercial Apartments
MLS#: 19423974

  • Building Size: 7731 SF
  • Lot Size: 9046 SF
  • Number of Units: 15
  • Year Built: 1957
  • Days on market: 150
  • Cap Rate: 4.30
  • Net Operating Income: $283,595
  • Gross Scheduled Income: $419,920
  • Rent Control: No
  • GRM: 15.62
  • Contact Listing Agent Direct:
  • Joshua Luchs, CB Richard Ellis, Inc.

Property Description

100% Occupied Just Reduce. Turn Key Investment opportunity. Everything is brand new! Kitchens (with stainless appliances), Bathrooms, Washer/Dryers in units. High end finishes!As of 3/1/19 100% of the units have been leased.This is a fully renovated 15-unit multifamily building located at 3755 Inglewood Blvd, Los Angeles. Constructed in 1957, and newly renovated in December of 2018 the ±7,731 square foot property is situated on a ±.21 acre lot. It's located just North of Venice Blvd on Inglewood Blvd. The building consists of seven Studio, five 1BD/1BA, two 2BD/1BA, and one 2BD/2BA units. The property benefits from a central location that's minutes from Venice Beach, the Santa Monica Pier, LAX, and The Forum. Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.

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3755 INGLEWOOD, Los Angeles, CA 90066

Based on information from California Regional Multiple Listing Service, Inc. as of May 13, 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Joshua Luchs, CB Richard Ellis, Inc.

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