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6720 West Blvd Los Angeles, CA 90043

$2,335,000 Sold Price as of 07/13/2021
  • 16 Beds
  • 8 Baths
  • 6,720 Sq.Ft.
Sold
$2,335,000 Sold Price as of 07/13/2021 Refinance Your Mortgage
Map preview of 6720 West Blvd, Los Angeles, CA 90043

Property Overview: 6720 West Blvd Los Angeles, CA has 16 bedrooms, 8 bathrooms, 6,720 living square feet and 10,286 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present 6720 West Boulevard, a beautifully renovated, turnkey, 8-unit apartment building, located in the up and coming Hyde Park neighborhood of Los Angeles. Built in 1950, the 6,720 square foot building sits on a large 10,286 square foot lot and is comprised of eight (8) two-bedroom/one-bathroom units. All but one unit has been completely remodeled featuring AC, new vinyl flooring, remodeled kitchens and bathrooms, copper plumbing throughout, and an upgraded roof. Each unit has its own water heater and is separately metered for gas & electricity, plus there is an additional 9th gas & electric meter for the entire building. The property has communal laundry area with washer/dryer as well as 12 parking spaces on-site. 6720 West Boulevard is located in close proximity to the nearly completed Hyde Park Station of the Crenshaw Metro Line offering tenants easy transit to much of Los Angeles. Additionally, the location is approximately three miles north of SoFi Stadium and the future site of the Los Angeles Clippers. With the ease of transportation, as well as the economic growth provided by Inglewood’s rapid growth, 6720 West Blvd offers an excellent opportunity for an astute investor.

Listed by Nico Rosmarin | BRE #02023847 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Molly First | BRE #02065583 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
10,286
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21153093
City
Los Angeles
County
Los Angeles
Time on Site
1038 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,970
  • Total Rent: $1,970
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,885
  • Total Rent: $1,885
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,250
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.12%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $200,580
  • Net Operating Income: $143,407
  • Gross Operating Income: --
  • Laundry Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $51,210
  • Electric: $500
  • Trash: $1,740
  • Insurance: $4,461
  • Maintenance: $1,800
  • Professional Management: $1,119
  • Water/Sewer: $8,000

Virtual Tour

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Property Details for 6720 West Blvd

Interior Features
Laundry Information
  • Common Area, Dryer Included, Washer Included
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: 6-10 Units/Acre, Landscaped, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 8
  • Parcel Number: 4006021013
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Travelling West on W Florence Ave, turn right (north) onto West Blvd. The property will be located on the right.
View more facts & features

Local Los Angeles Agent

Sale History for 6720 West Blvd

Last sold for $2,335,000 on July 13th, 2021

  • July, 2021

  • Jul 13, 2021

    Date

    Sold

    CRMLS: SB21153093

    $2,335,000

    Price

  • Jul 13, 2021

    Date

    Active

    CRMLS: SB21153093

    $2,335,000

    Price

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: SB20240532

    $2,345,000

    Price

  • Mar 8, 2021

    Date

    Price Change

    CRMLS: SB20240532

    $2,345,000

    Price

  • Jan 4, 2021

    Date

    Active

    CRMLS: SB20240532

    $2,355,000

    Price

  • Dec 15, 2020

    Date

    Pending

    CRMLS: SB20240532

    $2,355,000

    Price

  • Nov 16, 2020

    Date

    Active

    CRMLS: SB20240532

    $2,355,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2019

  • Dec 16, 2019

    Date

    Sold

    CRMLS: 19472880

    $1,895,000

    Price

  • Aug 26, 2019

    Date

    Active Under Contract

    CRMLS: 19472880

    $1,899,800

    Price

  • Aug 22, 2019

    Date

    Active

    CRMLS: 19472880

    $1,899,800

    Price

  • Aug 12, 2019

    Date

    Hold

    CRMLS: 19472880

    $1,899,800

    Price

  • Jun 24, 2019

    Date

    Active

    CRMLS: 19472880

    $1,899,800

    Price

  • Jun 22, 2019

    Date

    Hold

    CRMLS: 19472880

    $1,899,800

    Price

  • Jun 1, 2019

    Date

    Active

    CRMLS: 19472880

    $1,899,800

    Price

  • Listing provided courtesy of CRMLS

    8% CAP RATE 8 UNIT, 10,285 SF LOT C2 ZONE TOC Tier 3, NEXT TO RAMS, FULLY RENOVATED 3 UNITS, 3 UNIT TO BE DELIVERED VACANT, Boasting over 6,720 SF living space, sitting on a massive 10,285 SF lot, this rare one of a kind, 8 X 2 Beds and 1 bath 8 plex in Inglewood that currently produces great market rate rental income addition to tremendous upside potential is priced just right for a quick sale. C2 Zoned which allows R4 use with TOC tier 3 benefits on 10,285 SF Lot, this property may be allowed to build up to 45 units on this single lot (buyer to verify) Florence/West LA Metro rail which will connect to LAX is only 0.1 Mile south, just under 9 minute drive to the brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention.

  • December, 2019

  • Dec 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,885,000

    Price

  • December, 2018

  • Dec 16, 2018

    Date

    Expired

    CRMLS: 18376256

    $1,800,000

    Price

  • Dec 15, 2018

    Date

    Withdrawn

    CRMLS: 18376256

    $1,800,000

    Price

  • Nov 7, 2018

    Date

    Active

    CRMLS: 18376256

    $1,800,000

    Price

  • Nov 7, 2018

    Date

    Hold

    CRMLS: 18376256

    $1,800,000

    Price

  • Aug 20, 2018

    Date

    Active

    CRMLS: 18376256

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    Non-Rent Controlled 8-Unit Apartment Deal In The Heart Of L.A. With Ample On-Site Parking. The Building Is A 1950 Construction, However Its COO Was Established In The 1980s, And Consequently The Property Is Not Subject To Rent Control (Buyer To Verify). The $1,800 Market Rate Unit Was Recently Remodeled With Updated Kitchen, Bathroom, Etc. & Modified Layout For A 2nd Bedroom. Additional Upside For The Next Owner To Remodel The Other Units & Increase The Cashflow. The C2 Zoned Lot, Which Allows For R4 Uses (Buyer To Verify), Also has Development Potential. Located Just Minutes from The New Florence/West LA Metro Light Rail Station, Which Will Service The Crenshaw Line Upon Its Completion In 2019. The Crenshaw Line Connects The Green & Expo Lines & Will Connect To LAX. This Will Make Pacific Villas Location Extremely Attractive To Commuters & Expand The Desirability Of The Hyde Park Neighborhood. Additionally, The Property Is Less Than 2 Miles From The Hollywood Park Development.

  • July, 2018

  • Jul 27, 2018

    Date

    Canceled

    CRMLS: 18317042

    $1,949,000

    Price

  • May 19, 2018

    Date

    Price Change

    CRMLS: 18317042

    $1,949,000

    Price

  • Feb 24, 2018

    Date

    Active

    CRMLS: 18317042

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    Attention developer and buyer No rent control(Buyer need to verify)C-2 zoning All buyer have to look this property. This property has a lot of potential. This is rear opportunity for buyer and investor. it is near by New LA Metro station(connect to LAX). and just 3 minutes away from Hollywood park development(new super shopping center). Do not miss this opportunity.

  • September, 2017

  • Sep 21, 2017

    Date

    Canceled

    CRMLS: 17250320

    $1,940,000

    Price

  • Aug 11, 2017

    Date

    Price Change

    CRMLS: 17250320

    $1,940,000

    Price

  • Jul 12, 2017

    Date

    Active

    CRMLS: 17250320

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    Attention developer and buyer No rent control (buyer need to verify) C-2 zoning All buyers have to look this property. this property has a lot of potential. this is rear opportunity for buyer and investor. it is near by New LA Metro station ( connect to LAX). and just 3 minutes away from hollywood park development ( New super shopping center ). Do not miss this opportunity.

  • March, 2014

  • Mar 24, 2014

    Date

    Sold (Public Records)

    Public Records

    $912,500

    Price

Show More

Tax History for 6720 West Blvd

Assessed Value (2020): $1,887,000
Year Land Value Improved Value Assessed Value
2020 $1,500,000 $387,000 $1,887,000

Home Value Compared to the Market

This property vs the competition

6720 West Blvd sold on July 13, 2021 for 96.22% 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 $347.47 per/sqft which puts the price per square foot 53.98% lower than the current median sale per square foot for the city of Los Angeles.

About 6720 West Blvd

Detailed summary of property

6720 West Blvd is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 6,720 living square feet, and sits on an approximately 10,286 square foot lot. 6720 West Blvd was first listed on ArdentRealEstateGroup.com on July 13, 2021. The homeowner sold the property for $2,335,000. 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 96.22% higher than the current median priced home. Local homes that are currently for sale include 2743 S Robertson Blvd, 13017 S Broadway and 1040 S Robertson Blvd. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 6720 West Blvd Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6720 West Blvd

Public county record property details
Beds
16
Baths
8
Year built
1950
Sq. Ft.
6,720
Lot Size
10,285
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
500
APN
4006-021-013

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

Thinking of Selling?

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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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