Phone: 310-729-6573
Email: martin@martinfeinberg.com

3724 INGLEWOOD, LOS ANGELES, CA 90066

3724 INGLEWOOD
Los Angeles, CA 90066

$10,000,000 (Active Under Contract)

Number of Units: 30
Type: Multi-Unit Residential
Listing #18302916
The "Mar Vista 30" is a unique and significant multifamily investment property housing 30 large and open units situated on a huge 3/4 of an acre lot. Composed of 3, 10 unit buildings, this offering has an ideal mix totaling 22 (2 + 1) and 8 (1 + 1) units with an impressive average unit size of 873 square feet per unit.Known today as Silicon Beach, the units on 3724, 3730, and 3736 Inglewood Blvd are near to many of the most prominent tech companies in the nation. Facebook, Google, Snapchat, YouTube, Tesla (to name a few) all have significant facilities nearby.Given the scale, location, upside, and bankable features, this property is attractively priced at only $381.68 per square foot, nearly $30.00 per square foot below the average cost of $410.48 per square foot for recently sold comparable properties. Current rents comfortably align the property's pricing to GRM and CAP rate expectations for this submarket, making this a financeable asset in a coveted Westside location.
Property Features
Location Information
County: Los Angeles
MLS Area: Palms - Mar Vista
Directions: North of Inglewood Blvd & Venice Blvd intersection.
Interior Features
Laundry: See Remarks
Total Number of Units: 30
Exterior Features
Parking Description: Assigned
Lot Size in Acres: 0.752
Approximate Size (Sq. Ft.): 26, 200
Lot Size in Sq. Ft.: 32, 767
Zoning: LAR3
Additional Information
Property Type: RI
Year Built: 1955
APN: 4234021024
Status: Active Under Contract
HOA Fee: 0
Listing Agent CA BRE #: 1456686
List Date: 2018-01-12 00:00:00.0


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of: Scott Rosenberg RE/MAX ESTATE PROPERTIES - CA BRE # shown above if in IDX data
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©2018 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 20, 2018 6:44 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.