3864 Inglewood Blvd Los Angeles, CA 90066 Active

UPDATED: 08/20/2025 11:13 PM ON MARKET: 10 days on market

$3,490,000

10 Beds10 Baths5,680 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,680 sqft

Price per Sqft $614

MLS Listing ID 25581195

Bedrooms 10

Year Built 1961

Lot Size 7,554 Sqft

Acres 0.1735

Property Sub-Type Multi-Family

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