3523 South Sepulveda Boulevard

Los Angeles, CA 90034

$1,425,000
Last Sold Price
8
Beds
5
Baths
4,378 Sq. Ft.
$325 / Sq. Ft.
4,378
Sq. Ft.
$325
per Sq. Ft.

Description

Performing Asset with HUGE upside! Just look at any other 4 to 6 unit apartment building in the area, this investment is value priced. A patient, caring manager will see big returns by holding this property for big dollar appreciation. Fantastic location in the up-and-coming Palms Neighborhood, walking distance to Starbucks, Coffee Bean & Tea Leaf, Trader Joe's and a variety of popular restaurants. Large units with 3 2-bedroom and 2 1-bedroom units means they are easy to rent. Tenant parking, onsite...Performing Asset with HUGE upside! Just look at any other 4 to 6 unit apartment building in the area, this investment is value priced. A patient, caring manager will see big returns by holding this property for big dollar appreciation. Fantastic location in the up-and-coming Palms Neighborhood, walking distance to Starbucks, Coffee Bean & Tea Leaf, Trader Joe's and a variety of popular restaurants. Large units with 3 2-bedroom and 2 1-bedroom units means they are easy to rent. Tenant parking, onsite laundry and major public transportation stops are a huge plus. Being in the heart of West Los Angeles, this property is perfectly situated near Beaches, Santa Monica, Culver City, Beverly Hills, LAX, Silicon Beach and Downtown with a direct bus line connecting tenants to the Expo line = an amazing development option. Individual meters, low maintenance, easy for new investors. This is best value on the market!
  1. Listed by Janina Brzechwa-White • DRE #01975780 • Brokerage DRE #01250383 • DeMers & Associates
  2. Listed by Laurence DeMers • DRE #01250383 • Brokerage DRE #01250383 • DeMers & Associates

Property Details for 3523 South Sepulveda Boulevard

Zoning
LAR3
Cross Streets
Palms Blvd
Parcel Number
4252004004
Total Units
5.0
Living Area
4378
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
3%

Location

Listing Courtesy of DeMers & Associates, Janina Brzechwa-White, DRE #01975780; DeMers & Associates, Laurence DeMers, DRE #01250383

Sold By Default Non-Member Office, Non-Member Default, DRE #1128080

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LISTING UPDATED: 03/01/2021 03:12 PM

Property Details for 3523 South Sepulveda Boulevard

StatusSold
MLS #20-619676
Days on Market128
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.14 AC / 6,002 SF
CountyLos Angeles County

Location

Listing Courtesy of DeMers & Associates, Janina Brzechwa-White, DRE #01975780; DeMers & Associates, Laurence DeMers, DRE #01250383

Sold By Default Non-Member Office, Non-Member Default, DRE #1128080

Add your commute

Building Information for 3523 South Sepulveda Boulevard

Stories2Residences-Year Built1953Building Size-Lot Size0.14 AC / 6,002 SF

Payment Calculator

$9,335 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,777

Property Taxes

$1,558

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3523 South Sepulveda Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $81,966
  • Net Operating Income: $49,015.00
  • Gross Income: $85,326
  • Cap Rate: 3.10%
  • Gross Rent Multiplier: $18.75
  • Actual Annual Gross Rent: $85,326.00
  • Actual Gross Annual Income: $81,966
  • Actual Rent Total: $81,966.00
  • Total Annual Expense: 32951
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Size Square Feet: 6002
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 5
  • Covered Parking: 5
  • Carport Spaces Total: 5
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-17-2020
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $997.00
  • Unit Actual Rent: $2,992.00
  • Unit Projected Rent: $9,658.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,880.00
  • Unit Actual Rent: $3,759.00
  • Unit Projected Rent: $5,219.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $351,052.00
  • Assessed Land Value: $724,888.00

Property History for 3523 South Sepulveda Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3523 South Sepulveda Boulevard

Taxable ValueLand$1,040,400Additions$442,450Total$1,482,850
Tax Record2023$18,701 ($1,558 / month)
Home Facts
Total Finished SqFt4,378 SqFtAbove Grade Finished SqFt4,378 SqFtLot Size6,002 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLAR3CountyLOS ANGELESAPN4252-004-004

Schools near 3523 South Sepulveda Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Magnolia Science Academy 4 School
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DeMers & Associates, Janina Brzechwa-White, DRE #01975780; DeMers & Associates, Laurence DeMers, DRE #01250383

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.