3739 Inglewood Blvd, Los Angeles, CA 90066
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3739 Inglewood Blvd Los Angeles, CA 90066

$2,650,000 Sold Price as of 09/12/2023
  • 12 Beds
  • 15 Baths
  • 6,988 Sq.Ft.
Sold
$2,650,000 Sold Price as of 09/12/2023 Refinance Your Mortgage

Map preview of 3739 Inglewood Blvd, Los Angeles, CA 90066

Property Overview: 3739 Inglewood Blvd Los Angeles, CA has 12 bedrooms, 15 bathrooms, 6,988 living square feet and 8,861 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PORTFOLIO SALE**** The offering is being sold along with 4238 Lindblade Dr, 12625 Mitchell Ave, 12806 Matteson Ave,12811 Matteson Ave & 12814 Pacific Ave- This desirable location is centrally located between Palms, Culver City and Venice. Situated in one of the trendiest neighborhoods in Los Angeles, the offering is within walking distance to an array of shopping, entertainment and dining options. This collection of uniquely and rarely traded assets is being offered for sale for the first time in over 5 decades. The Collection contains an excellent unit mix consisting of five studios , 48 1-bedroom & 15 2-bedroom units, which are very suitable for today's market. The Portfolio is priced attractively at only $250,000 per unit & a 13.7 Gross Rent Multiplier. The properties have all been kept mostly in original condition and have deferred maintenance. All properties require mandatory compliance for earthquake seismic retrofit. Buyers shall assume all responsibility and liability to ensure that compliance will be met with Los Angeles Department of Building and Safety, as the ownership is selling the assets in their "AS-IS WHERE IS" condition. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. The Ownership will consider offers on the entire Collection as a whole portfolio or may elect to sell them individually. Currently 5 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. There is ample parking available on site for each property and on-site laundry (washer/dryer) for each building.

Listed by Michael Monempour | BRE #01996829 | Kidder Mathews of California, Inc.
Co-listed by Bryan Glenn | BRE #01441095 | Kidder Mathews of California, Inc.
Last checked: 7 minutes ago | Last updated: October 11th, 2023 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
8,861
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23254569
City
Los Angeles
County
Los Angeles
Time on Site
409 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,357
  • Total Rent: $13,200
  • Pro Forma/Market Rent: $8,143
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,840
  • Total Rent: $5,519
  • Pro Forma/Market Rent: $9,000
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $808
  • Total Rent: $2,426
  • Pro Forma/Market Rent: $4,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.77%
  • Gross Rent Multiplier: 13.92
  • Gross Scheduled Income: --
  • Net Operating Income: $101,712
  • Gross Operating Income: $188,079
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3739 Inglewood Blvd

Interior Features
Heating Information
  • Has Heating
  • Electric
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 12
  • Parcel Number: 4248029040
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North Of Venice Blvd, East Of Centinela Blvd & South of Palms Blvd
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Sale History for 3739 Inglewood Blvd

Last sold for $2,650,000 on September 12th, 2023
  • September, 2023

  • Sep 12, 2023

    Date

    Sold

    CRMLS: 23254569

    $2,650,000

    Price

  • Mar 27, 2023

    Date

    Active

    CRMLS: 23254569

    $2,700,000

    Price

Tax History for 3739 Inglewood Blvd

Assessed Value (2020): $205,968
Year Land Value Improved Value Assessed Value
2020 $63,639 $142,329 $205,968

Home Value Compared to the Market

This property vs the competition

3739 Inglewood Blvd sold on September 12, 2023 for 126.89% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $386.38 per/sqft which puts the price per square foot 48.82% lower than the current median sale per square foot for the city of Los Angeles.

About 3739 Inglewood Blvd

Detailed summary of property

3739 Inglewood Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 12 bedrooms, 15 bathrooms, roughly 6,988 living square feet, and sits on an approximately 8,861 square foot lot. 3739 Inglewood Blvd was first listed on ArdentRealEstateGroup.com on March 27, 2023. The homeowner sold the property for $2,650,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 126.89% higher than the current median priced home. Local homes that are currently for sale include 3125 S Durango Ave, 10669 Kinnard Ave and 8701 Olin St. While the average home in Los Angeles, CA is selling in 94 days, 3739 Inglewood Blvd has a days on market of 22 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 3739 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 3739 Inglewood Blvd

Public county record property details
Beds
12
Baths
15
Year built
1961
Sq. Ft.
6,988
Lot Size
8,860
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
4248-029-040

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
111
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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Related Resources to 3739 Inglewood Blvd

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.