3705 Westwood BLVD, Los Angeles, CA 90034

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Juan Oropeza

juan@juanorealtor.com +1(818) 941-0721

$ 5,250,000

Est. payment | -/mo

0.37 Acres Lot

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$ 5,250,000

Est. payment | -/mo

Save

0.37 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25262755

HOA Y/N No

Year Built 1957

Lot Size 0.367 Acres

Property Sub-Type Apartment

Property Description

3705 Westwood Blvd is a highly coveted 16-unit multi-family asset located in the most desired pocket of LA. Close to the Culver Steps, Sony Studios, Amazon, HBO, We Work, and the list goes on. You are buying in a pocket of LA, driving the youngest demographic, and attracting the best jobs. The sky's the limit with the future appreciation of this asset. This two-story asset features a desirable mix of spacious one's and two bedroom units, as well as three bedroom units, catering to strong rental demand in this prime Westside market. Additionally, the property is fully parked with 16 parking spaces on-site. All appliances in each unit come with Choice Home Warranty covering major equipment such as Water Heaters, AC, Fridges, & Plumbing. The property has had many capital improvements, including a new roof and copper plumbing.

Easily Create $1M in Profits. BUILD 5 NEW UNITS WITHOUT SACRIFICING PARKING! Speaking of upside and creating value, if you are looking to build ADU's this is the building for you. A design proposal for 4 x 2 Bedroom units and one 1-bedroom unit for a total of 5 new units and over 3300 sq ft, can be added to the property without sacrificing parking, bringing an incredible opportunity for a buyer. Build all 5 units for just $160,000 a door bringing your income up to $50,515.44. To build for $160k a door in this neighborhood alone will create an additional $1.8 Million in value with $1 Million in profits. This is the easiest way to more than double your money in one year.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Interior

Flooring Vinyl, Wood

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport, Detached Carport, Driveway, Paved

Carport Spaces 16

Fence See Remarks

Pool None

Community Features Dog Park, Golf, Hiking, Park, Suburban

Total Parking Spaces 16

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

Architectural Style See Remarks

New Construction No

Others

Senior Community No

Tax ID 4252026036

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

3705 Westwood BLVD Los Angeles, CA 90034