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Key Details
Sold Price $3,425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,826 sqft
Price per Sqft $501
MLS Listing ID 24385737
Sold Date 06/03/24
Bedrooms 12
HOA Y/N No
Year Built 1957
Lot Size 9,922 Sqft
Property Description
3735 Inglewood is a 10 unit apartment building in a premiere rental pocket of Mar Vista, a neighborhood of LA's Westside between Venice and Culver City. Both of these cities have become a major tech hub with companies such as YouTube, Amazon, TikTok, and Apple leasing office space in the area. The subject property offers a great unit mix consisting of (8) 1 Bed / 1 Bath and (2) 2 Bed / 1 Bath units spread across 6,826 square feet on a large 9,844 square feet lot zoned LAR3. There are 10 individual parking spaces at the rear of the property with alley access. The communal laundry room is also located towards the back of the building with two washers and two dryers. Current rents are 52% below market. Seller financing is available with 9+ years of left on the current note. Interest only rates for the remaining terms is as follows: Year 1: 4.0%, Year 2: 4.25%, Year 3: 4.5%, Year 4, 4.75%, Year 5: 5.0%, Year 6-10: 5.5%. Loan amount is $2,383,225. Please contact listing agents for an offering memorandum.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Disposal, Gas Range, Refrigerator, Dryer, Washer
Laundry Common Area
Exterior
Parking Features Assigned, Carport
Pool None
View Y/N Yes
View City Lights
Porch None
Total Parking Spaces 10
Private Pool No
Building
Faces East
Story 2
Entry Level Multi/Split
Sewer Other
Architectural Style Mid-Century Modern
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4248029039
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Financing Assumed,Seller Financing
Special Listing Condition Standard
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Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692