The Ingle Wood is a 9 Unit apartment building, located in Mar Vista, West Los Angeles. Featuring a Terrific Unit Mix of (1) Three- Bedroom/Two-Bathroom unit, (5) Two-Bedroom/Two-Bathroom units, (2) One-Bedroom/One-Bathroom units, and (1) Studio. The Year-One cap rate is 4.49% - Pro-Forma cap rate of 7.69%. Average unit size of 892 SF. Ability to convert the 2-bedroom units to 3-bedrooms (plans available) to achieve maximum rents. The property was built in 1962, features (8) parking spots, a laundry room, and storage lockers. With 51.2% rental upside, and situated in the booming Silicon Beach rental market, this asset is well positioned to be a terrific source of cash-flow & accelerated Appreciation.
Off market
$2,768,000
3960 Inglewood Blvd, Los Angeles, CA 90066
15beds
14baths
8,029sqft
MultiFamily
Built in 1962
-- sqft lot
$2,768,000 Zestimate®
$345/sqft
$2,248 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 14
Cooling
- Other
Interior area
- Total interior livable area: 8,029 sqft
Property
Parking
- Total spaces: 8
Lot
- Size: 6,926 sqft
Details
- Additional structures: Other
- Parcel number: 4214021029
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1962
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- ListingStatus: Active
- PropertyType: Residential Income
- Equipment: Other
- Cooling: Other
- Heating: Other
- SourceLivingArea: Other
- ListingArea: Palms - Mar Vista
- SourceLotSizeArea: Other
- ParkingGarage: Other
- UnitTypeType: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
- OtherStructures: Other
Services availability
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Estimated market value
$2,768,000