Los Angeles, CA 90034,3705 Westwood BLVD
Los Angeles, CA 90034,3705 Westwood BLVD
Los Angeles, CA 90034,3705 Westwood BLVD
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High State Realty

High State Realty

+1(805) 490-1401
$5,150,000
Est. payment /mo
0.37 Acres Lot
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UPDATED:

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 desirable pocket of LA, Operating at a 6.05% CAP in Palms, CA. 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

Read Less Info
CRMLS – RECore
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOLS & PROPERTIES

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    Westwood Charter Elementary School

    Public | KG - 5

  • 10

    El Marino Elementary School

    Public | KG - 5

  • 10

    Farragut Elementary School

    Public | KG - 5

  • 9

    Mar Vista Elementary

    Public | KG - 5

  • 9

    Fairburn Avenue Elementary School

    Public | KG - 5

  • 9

    Clover Avenue Elementary School

    Public | KG - 5

  • 9

    Overland Elementary School

    Public | KG - 5

  • 9

    Citizens of the World 3

    Public | KG - 5

  • 9

    Playa del Rey Elementary

    Public | KG - 5

  • 9

    Beverly Vista School

    Public | KG - 8

  • 9

    Canfield Avenue Elementary School

    Public | KG - 5

  • 8

    Coeur d'Alene Avenue School

    Public | KG - 5

  • 8

    Richland Avenue Elementary

    Public | KG - 6

  • 8

    Ocean Charter

    Public | KG - 8

  • 8

    Castle Heights Elementary School

    Public | KG - 5

  • 8

    El Rincon

    Public | KG - 5

  • 7

    Nora Sterry Elementary School

    Public | KG - 5

  • 7

    Goethe International Charter

    Public | KG - 8

  • 7

    Linwood E. Howe Elementary School

    Public | KG - 5

  • 6

    Short Avenue Elementary

    Public | KG - 6

Middle Schools 20
  • 8

    New West Charter

    Public | 6 - 10

  • 8

    Los Angeles Center for Enriched Studies

    Public | 6 - 12

  • 7

    Palms Middle School

    Public | 6 - 8

  • 7

    Culver City Middle School

    Public | 6 - 8

  • 6

    Emerson Community Charter

    Public | 6 - 8

  • 5

    Mark Twain Middle School

    Public | 6 - 8

  • 5

    Magnolia Science Academy 4

    Public | 6 - 12

  • 5

    Icef Vista Middle Academy

    Public | 6 - 8

  • 5

    Magnolia Science Academy 6

    Public | 6 - 8

  • 4

    Daniel Webster Middle School

    Public | 6 - 8

  • 2

    Marina Del Rey School

    Public | 6 - 8

  • 0

    Fusion Academy - los Angeles

    Private | 6 - 12

  • 0

    City Charter Middle School

    Public | 6 - 8

  • 0

    James J. Mcbride Special Education Center

    Public | 6 - 12

  • 0

    Windward School

    Private | 7 - 12

  • 0

    Westview School

    Private | 7 - 12

  • 0

    Angela's Workshop

    Private | 6 - 12

  • 0

    Yeshivat Ohr Chanoch

    Private | 8 - 12

  • 0

    Star Preparatory Academy

    Private | 6 - 12

  • 0

    Urban Village Middle School

    Public | 6 - 8

High Schools 13
  • 10

    Beverly Hills High School

    Public | 9 - 12

  • 8

    Culver City High School

    Public | 9 - 12

  • 6

    Venice High School

    Public | 9 - 12

  • 5

    Alexander Hamilton High School

    Public | 9 - 12

  • 0

    Arete Preparatory Academy

    Private | 9 - 12

  • 0

    Phoenix Continuation

    Public | 9 - 12

  • 0

    Notre Dame Academy Girls High School

    Private | 9 - 12

  • 0

    Moreno High (Continuation)

    Public | 9 - 12

  • 0

    Yula Boys High School

    Private | 9 - 12

  • 0

    Culver Park High School

    Public | 10 - 12

  • 0

    Cheviot Hills Continuation

    Public | 9 - 12

  • 0

    Yula Girls High School

    Private | 9 - 12

  • 0

    Mesivta Birkas Yitzchok

    Private | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

High State Realty

High State Realty

+1(805) 490-1401

BROKER, OWNER | License ID: 02181686

BROKER, OWNER License ID: 02181686

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3705 Westwood BLVD