3749 Westwood Blvd, Los Angeles, CA 90034
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3749 Westwood Blvd Los Angeles, CA 90034

$4,000,000
  • 13 Beds
  • 12 Baths
  • 6,626 Sq.Ft.
For Sale
$4,000,000 Get Pre-Qualified

Map preview of 3749 Westwood Blvd, Los Angeles, CA 90034

Property Overview: 3749 Westwood Blvd Los Angeles, CA has 13 bedrooms, 12 bathrooms, 6,626 living square feet and 8,014 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: 3749 Westwood Blvd is a 6 unit property (configured as 2 units) that is part of the "Westwood Portfolio," a 2-property multifamily portfolio opportunity located in highly desirable Palms submarkets of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. The "Westwood Portfolio" offers a diverse mix of unit types, ranging from studios to 3+3 units, with opportunities for additional upside from ADU conversions, renovations upon turnover and even potential condo conversions. The average current rents for the units are significantly below market rates, presenting an approximate 24% NOI upside across the portfolio. With its prime West Los Angeles locations, distinctive features, overall condition, and upside potential, the "Westwood Portfolio" presents an outstanding opportunity for qualified investors looking to meaningfully expand their real estate investment portfolio in WLA. (Each asset may be purchased separately or together.)

Listed by Scott Rosenberg | BRE #01456686 | Kidder Mathews of California, Inc.
Last checked: 11 minutes ago | Last updated: February 20th, 2024 | Source CRMLS | DOM: 60
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Home details

Lot Sq. Ft
8,014
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24357587
City
Los Angeles
County
Los Angeles
Time on Site
75 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,360
  • Total Rent: $3,360
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,524
  • Total Rent: $5,047
  • Pro Forma/Market Rent: $5,300
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,498
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,429
  • Total Rent: $7,286
  • Pro Forma/Market Rent: $8,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.62%
  • Gross Rent Multiplier: 17.67
  • Gross Scheduled Income: --
  • Net Operating Income: $144,998
  • Gross Operating Income: $219,628
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3749 Westwood Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 8
  • Parcel Number: 4252026026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located in Palms, close to other great neighborhoods such as Culver City and Mar Vista.
View more facts & features

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Sale History for 3749 Westwood Blvd

Last leased for $2,395 on February 11th, 2024
  • February, 2024

  • Feb 12, 2024

    Date

    Active

    CRMLS: 24357587

    $4,000,000

    Price

  • February, 2024

  • Feb 11, 2024

    Date

    Leased

    CRMLS: 23338557

    $2,395

    Price

  • Jan 9, 2024

    Date

    Active

    CRMLS: 23338557

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    Spacious 2 Bedroom 2 Bath in Palms! This recently updated property features laminate hardwood floors throughout and modern bathrooms. Kitchen includes shaker-style cabinetry, granite counter tops and subway tile backsplash. Great location for UCLA students and with a walk score of 92, this location is ideal for local shopping, dining and strolling the neighborhood. Not to be missed!

  • December, 2023

  • Dec 28, 2023

    Date

    Leased

    CRMLS: 23331063

    $2,395

    Price

  • Dec 15, 2023

    Date

    Active

    CRMLS: 23331063

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    Wonderful on Westwood - 2 Bedrooms, 2 Bathrooms. This updated apartment is ready for move-in. Perched on the second floor, so it's filled with natural light. Hardwood floors, plenty of storage and room for an eat-in kitchen. The property comes with 1-parking space and is adjacent to Culver City. Tenant pays all utilities. Call for pets.

  • June, 2023

  • Jun 26, 2023

    Date

    Leased

    CRMLS: 23277757

    $2,700

    Price

  • Jun 7, 2023

    Date

    Active

    CRMLS: 23277757

    $2,700

    Price

  • Listing provided courtesy of CRMLS

    Wonderful on Westwood - 2 Bedrooms, 2 Bathrooms. This updated apartment is ready for move-in. Perched on the second floor, so it's filled with natural light. Hardwood floors, plenty of storage and room for an eat-in kitchen. The property comes with 1-parking space and is adjacent to Culver City. Tenant pays all utilities. Call for pets.

  • July, 2022

  • Jul 26, 2022

    Date

    Leased

    CRMLS: 22174247

    $2,600

    Price

  • Jun 30, 2022

    Date

    Active

    CRMLS: 22174247

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Wonderful on Westwood - 2 Bedrooms, 1 Bathroom. This updated apartment is ready for move-in. Perched on the second floor, so it's filled with natural light. Hardwood floors, plenty of storage and room for an eat-in kitchen. The property comes with 1-parking space and is adjacent to Culver City. Tenant pays all utilities. Call for pets.

  • September, 2021

  • Sep 15, 2021

    Date

    Active

    CRMLS: 21783708

    $2,450

    Price

  • Listing provided courtesy of CRMLS

    Spacious 2 Bedroom 2 Bath in Palms! This recently updated property features laminate hardwood floors throughout and modern bathrooms. Kitchen includes shaker-style cabinetry, granite counter tops and subway tile backsplash. Great location for UCLA students and with a walk score of 92, this location is ideal for local shopping, dining and strolling the neighborhood. Not to be missed!

  • June, 2015

  • Jun 26, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,150,000

    Price

  • July, 2000

  • Jul 21, 2000

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

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Tax History for 3749 Westwood Blvd

Assessed Value (2020): $2,362,715
Year Land Value Improved Value Assessed Value
2020 $1,648,406 $714,309 $2,362,715

Home Value Compared to the Market

This property vs the competition

3749 Westwood Blvd is listed 220.26% 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 $772 and this home is listed at $603.68 per/sqft which puts the price per square foot 21.8% lower than the median price per square foot for the city of Los Angeles.

About 3749 Westwood Blvd

Detailed summary of property

3749 Westwood Blvd is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 13 bedrooms, 12 bathrooms, roughly 6,626 living square feet, and sits on an approximately 8,014 square foot lot. 3749 Westwood Blvd was first listed on ArdentRealEstateGroup.com on February 13, 2024. The homeowner is currently asking $4,000,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 220.26% higher than the median priced home. Local competing homes currently for sale include 3126 S Canfield Ave, 12028 Venice Blvd and 11340 National Blvd. While the average home in Los Angeles, CA is selling in 97 days, 3749 Westwood Blvd has a days on market of 60 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 3749 Westwood Blvd Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3749 Westwood Blvd

Public county record property details
Beds
15
Baths
10
Year built
1956
Sq. Ft.
6,626
Lot Size
8,011
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
38
APN
4252-026-026

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,849,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,000
Median Sold Price/Sq.Ft.
$1,017
Total Inventory
47
Median Sale to List Price %
99.17%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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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.