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3735 Inglewood Blvd, Los Angeles, CA 90066
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3735 Inglewood Blvd Los Angeles, CA 90066

$3,495,000
  • 12 Beds
  • 10 Baths
  • 6,826 Sq.Ft.
For Sale
$3,495,000 Get Pre-Qualified
Map preview of 3735 Inglewood Blvd, Los Angeles, CA 90066

Property Overview: 3735 Inglewood Blvd Los Angeles, CA has 12 bedrooms, 10 bathrooms, 6,826 living square feet and 9,925 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 3735 Inglewood is a 10 unit apartment building in a premiere rental pocket of Mar Vista, a neighborhood of LA's Westside between Venice and Culver City. Both of these cities have become a major tech hub with companies such as YouTube, Amazon, TikTok, and Apple leasing office space in the area. The subject property offers a great unit mix consisting of (8) 1 Bed / 1 Bath and (2) 2 Bed / 1 Bath units spread across 6,826 square feet on a large 9,844 square feet lot zoned LAR3. There are 10 individual parking spaces at the rear of the property with alley access. The communal laundry room is also located towards the back of the building with two washers and two dryers. Current rents are 52% below market. Seller financing is available with 9+ years of left on the current note. Interest only rates for the remaining terms is as follows: Year 1: 4.0%, Year 2: 4.25%, Year 3: 4.5%, Year 4, 4.75%, Year 5: 5.0%, Year 6-10: 5.5%. Loan amount is $2,383,225. Please contact listing agents for an offering memorandum.

Listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Peter James | BRE #01748556 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 11 minutes ago | Last updated: May 7th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
9,925
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24385737
City
Los Angeles
County
Los Angeles
Time on Site
9 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,452
  • Total Rent: $11,615
  • Pro Forma/Market Rent: $18,360
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,993
  • Total Rent: $3,987
  • Pro Forma/Market Rent: $5,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.2%
  • Gross Rent Multiplier: 18.67
  • Gross Scheduled Income: --
  • Net Operating Income: $111,730
  • Gross Operating Income: $186,550
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3735 Inglewood Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Gas Range
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned, Carport
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 10
  • Parcel Number: 4248029039
  • Architectural Style: Mid Century Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Inglewood Blvd and Venice Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 3735 Inglewood Blvd

Last sold for $3,076,000 on June 22nd, 2023

  • April, 2024

  • Apr 29, 2024

    Date

    Active

    CRMLS: 24385737

    $3,495,000

    Price

  • June, 2023

  • Jun 22, 2023

    Date

    Sold

    CRMLS: EV23066742

    $3,076,000

    Price

  • Apr 20, 2023

    Date

    Active

    CRMLS: EV23066742

    $2,777,000

    Price

  • Listing provided courtesy of CRMLS

    Owner may carry. Call broker for conditions. Very well maintained 10 unit building near Marina Del Rey, Santa Monica, and Venice Beach. Easy commuting location with many restaurants and shops nearby. Most units are remodeled with new kitchen, baths, and hardwood style floors. High demand rental area. Can be delivered with up to three vacant units. For your convenience, please see attached offering memorandum under “Listing has supplements,” which is found under the map. Expenses are estimated at 35%. Please do not disturb tenants.

  • February, 1986

  • Feb 21, 1986

    Date

    Sold (Public Records)

    Public Records

    $30,000

    Price

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Tax History for 3735 Inglewood Blvd

Assessed Value (2020): $874,026
Year Land Value Improved Value Assessed Value
2020 $243,988 $630,038 $874,026

Home Value Compared to the Market

This property vs the competition

3735 Inglewood Blvd is listed 179.82% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $512.01 per/sqft which puts the price per square foot 33.85% lower than the median price per square foot for the city of Los Angeles.

About 3735 Inglewood Blvd

Detailed summary of property

3735 Inglewood Blvd is a multi family located in Los Angeles, CA 90066 and is currently for sale. This multi family property offers 12 bedrooms, 10 bathrooms, roughly 6,826 living square feet, and sits on an approximately 9,925 square foot lot. 3735 Inglewood Blvd was first listed on ArdentRealEstateGroup.com on April 30, 2024. The homeowner is currently asking $3,495,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 179.82% higher than the median priced home. Local competing homes currently for sale include 3631 Motor Ave, 3544 Vinton Ave and 11337 Mississippi Ave. While the average home in Los Angeles, CA is selling in 93 days, 3735 Inglewood Blvd has a days on market of 10 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3735 Inglewood Blvd Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3735 Inglewood Blvd

Public county record property details
Beds
13
Baths
10
Year built
1957
Sq. Ft.
6,826
Lot Size
9,843
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
4248-029-039

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,009
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
113
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 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.

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