3864 Inglewood Blvd, Los Angeles, CA 90066 - View 1
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3864 Inglewood Blvd, Los Angeles, CA 90066

List Price: $3,490,000On Market FlagOn market
Aug 20, 20255,680 sqft10 beds0 baths
Listed by: Dominic Guan
License #: 02206309
Phone #: 559-351-7251
Colliers International Greater Los Angeles, Inc.
Source:
CRMLS Logo
MLS #: 25581195

Property Description

* Renovated 10-unit, 2-story apartment building in West Los Angeles with 15 parking spaces updated with brand-new plumbing, electrical and windows *In-place cap rate of 6.36%, with below market assumable financing at 3.35% fixed for the next two years, providing an investor with positive leverage and immediate cash-on-cash of 13.08% * Consistent unit mix of 10 one-bedroom floorplans, with one unit boasting its own private terrace * An astute buyer can capture additional upside by adding 2 ADUs in the existing parking lot * All units are equipped with newly refinished hardwood floors, large closets, wall HVAC, stainless steel appliances, updated bath and kitchens, and in-unit washers and dryers * Submarket occupancy averaged 96.6% over the past five years * Submarket asking rents expected to rise 21% over the next two years * The average household income within a three-mile radius is $164,324
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$59,796

TurboHome Estimated Value

$3,738,200

$658 sqft

High Valuation
$3,925,110
$691/sqft
Normal Valuation
$3,738,200
$658/sqft
Low Valuation
$3,551,290
$625/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$658/sqft$3,738,200

Location

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