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Key Details
Sold Price $3,425,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,826 sqft
Price per Sqft $501
MLS Listing ID CL24385737
Sold Date 06/03/24
HOA Y/N No
Year Built 1957
Lot Size 9,925 Sqft
Acres 0.23
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 Listing
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Washer
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View City Lights
Parking Type Assigned, Other
Building
Water Other
New Construction No
Others
Tax ID 4248029039
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with StevenBogoyevac