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3864 Inglewood Blvd Los Angeles, CA 90066

$2,730,000 Sold Price as of 12/20/2019

10 Beds
10 Baths
-- Sq.Ft.

Sold

$2,730,000 Sold Price as of 12/20/2019 Refinance Your Mortgage

Map preview of 3864 Inglewood Blvd, Los Angeles, CA 90066

Property Overview: 3864 Inglewood Blvd Los Angeles, CA has 10 bedrooms, 10 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in the sought after Palms/Mar Vista area, this 10 one bedroom one bath unit building features 15 parking spots - 5 tandem and 5 single. With most of the units updated, the building is ready for an astute investor/owner's added value. Conservative Up-side of over 40% in rents in this strong rental market. The large 7554 sqft lot guarantees future value. The property is in close proximity to many restaurants, cafes, and nightlife, as well as, a weekly Farmer's Market. This location provides tenants easy access to surrounding areas including Culver City, Marina Del Rey and Venice. The area is growing with entertainment and technology companies such as Amazon, Google, Apple, Sony and HBO, providing a pool of tenants.

Listed by Mitra Sisatar | BRE #01239374 | Coldwell Banker Residential Brokerage
Co-listed by Mike Hassan | BRE #00819901 | Coldwell Banker Residential Brokerage

Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft: --
HOA Dues: $0/mo
Year built: 1961
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19522058
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,433
Total Rent: $1,433
Pro Forma/Market Rent: $1,850

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,021
Total Rent: $1,021
Pro Forma/Market Rent: $1,850

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,344
Total Rent: $1,344
Pro Forma/Market Rent: $1,850

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,433
Total Rent: $1,433
Pro Forma/Market Rent: $1,850

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,850

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $979
Total Rent: $979
Pro Forma/Market Rent: $1,850

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $969
Total Rent: $969
Pro Forma/Market Rent: $1,850

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,850

Unit Breakdown 9

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,850

Unit Breakdown 10

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,850
Total Rent: $1,850
Pro Forma/Market Rent: $1,850

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 18
Gross Scheduled Income: --
Net Operating Income: $104,553
Gross Operating Income: $159,684

Annual Expense Breakdown

Total Operating Expense: --
Trash: $1,560
Insurance: $2,101
Maintenance: $7,984
Professional Management: $4,572
Water/Sewer: $360
Other Expenses: $600

Property Details for 3864 Inglewood Blvd

Interior Features

Cooling Information

No Cooling
None

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Parking Space

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 10
Parcel Number: 4214022021

Location / Neighborhood

Location Information

Directions: South of Venice Blvd.

View more facts & features

Local Los Angeles Agent

Sale History for 3864 Inglewood Blvd

Last sold for $3,375,000 on September 21st, 2020

September, 2020
Sep 21, 2020

Date

Sold (Public Records)

Public Records

$3,375,000

Price
September, 2020
Sep 8, 2020

Date

Expired

CRMLS: 20601134

$3,450,000

Price
Jul 8, 2020

Date

Active

CRMLS: 20601134

$3,450,000

Price
Listing provided courtesy of CRMLS

We proudly present 3864 Inglewood Blvd. The property is located in prime Mar Vista in close proximity to popular bars, restaurants and coffee shops on Venice Blvd. Tenants can walk to local favorites like The Mar Vista, Bowlero, Little Fatty, Mavro Coffee and more. The Mar Vista Farmers market, frequently named one of the best in Los Angeles, is steps away. The location is also exemplary for those working in the tech industry with Silicon Beach employers just a 10 minute commute down the road.

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December, 2019
Dec 21, 2019

Date

Sold

CRMLS: 19522058

$2,730,000

Price
Nov 26, 2019

Date

Pending

CRMLS: 19522058

$2,875,000

Price
Oct 19, 2019

Date

Active

CRMLS: 19522058

$2,875,000

Price
December, 2019
Dec 20, 2019

Date

Sold (Public Records)

Public Records

$2,730,000

Price
October, 2019
Oct 19, 2019

Date

Canceled

CRMLS: 19484626

$2,995,000

Price
Aug 12, 2019

Date

Price Change

CRMLS: 19484626

$2,995,000

Price
Jul 13, 2019

Date

Active

CRMLS: 19484626

$3,500,000

Price
Listing provided courtesy of CRMLS

Located in a prime Mar Vista, CA. Built in 1967, the property consists of Ten One bedroom + One bath units. The large lot (7500+ SQ.Ft.) provides enough space for 10 car parking. Well maintained 10 unit property. Very sought after location featuring all one bedroom one bath units. Tremendous upside in rents. Low cost per unit. Large Lot 7553 sq. ft. The property is in close proximity to many restaurants, cafes, coffee shops, boutiques and night life as well as a weekly farmers market. This location provides tenants easy access to surrounding areas including Culver City, Marina Del Rey and Venice. Additionally, the building is conveniently located near both the 405 and 10 Freeways. This is an opportunity for an investor to capitalize on approximately 45% upside in a strong rental market as units turn. Extremely desirable West Los Angeles area is a growing entertainment and technology hub with companies such as Amazon, Apple, Google, Sony and HBO in close proximity.

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Tax History for 3864 Inglewood Blvd

Assessed Value (2020): $2,731,500

Year	Land Value	Improved Value	Assessed Value
2020	$2,200,000	$531,500	$2,731,500

Home Value Compared to the Market

This property vs the competition

3864 Inglewood Blvd sold on December 20, 2019 for 141.6% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 3864 Inglewood Blvd

Detailed summary of property

3864 Inglewood Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 10 bedrooms, 10 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 3864 Inglewood Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,730,000. 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 141.6% higher than the current median priced home. Local homes that are currently for sale include 3754 Vinton Ave, 11337 Mississippi Ave and 3126 S Canfield Ave. While the average home in Los Angeles, CA is selling in 92 days, 3864 Inglewood Blvd has a days on market of 39 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3864 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 3864 Inglewood Blvd

Public county record property details

Beds: 10
Baths: 10
Year built: 1961
Sq. Ft.: 5,680
Lot Size: 7,553
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 73
APN: 4214-022-021

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.

$1,002

Median Sold Price

$1,626,261

Median Sold Price/Sq.Ft.

$1,022

Total Inventory

116

Median Sale to List Price %

100.08%

Avg Days on Market

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.