Amazing bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. (0+1, 1+1, 2+1, 2+2) Complete retrofit plans are included with an ADU option (new 2+1 unit) which will be provided at COE. This is projected to increase revenue by $28.8K per year. (Work not started, ADU and Retrofit plans cost $34K so far. Permit not yet pulled) Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer.
Property Details
Price:
$2,500,000
MLS #:
OC24239346
Status:
Active
Baths:
0
Address:
4035 Inglewood Boulevard
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Nov 25, 2024
State:
CA
ZIP:
90066
Lot Size:
6,001 sqft / 0.14 acres (approx)
Year Built:
1959
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Wall Furnace
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Carport
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
View
None
Water Source
Public
Financial
Map
Community
- Address4035 Inglewood Boulevard Los Angeles CA
- AreaC13 – Palms – Mar Vista
- CityLos Angeles
- CountyLos Angeles
- Zip Code90066
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4035 Inglewood Boulevard
Los Angeles, CA
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