3749 Westwood Boulevard

Los Angeles, CA 90034

$4,000,000
Price
15
Beds
10
Baths
6,626 Sq. Ft.
$604 / Sq. Ft.
6,626
Sq. Ft.
$604
per Sq. Ft.

Description

3749 Westwood Blvd is a 6 unit property (configured as 2 units) that is part of the "Westwood Portfolio," a 2-property multifamily portfolio opportunity located in highly desirable Palms submarkets of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. The "Westwood Portfolio" offers a diverse mix of unit types, ranging from studios to 3+3 units, with opportunities for additional upside from ADU conversions, renovations upon turnover and even potential condo conversions. The...3749 Westwood Blvd is a 6 unit property (configured as 2 units) that is part of the "Westwood Portfolio," a 2-property multifamily portfolio opportunity located in highly desirable Palms submarkets of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. The "Westwood Portfolio" offers a diverse mix of unit types, ranging from studios to 3+3 units, with opportunities for additional upside from ADU conversions, renovations upon turnover and even potential condo conversions. The average current rents for the units are significantly below market rates, presenting an approximate 24% NOI upside across the portfolio. With its prime West Los Angeles locations, distinctive features, overall condition, and upside potential, the "Westwood Portfolio" presents an outstanding opportunity for qualified investors looking to meaningfully expand their real estate investment portfolio in WLA. (Each asset may be purchased separately or together.)
  1. Listed by Scott Rosenberg • DRE #01456686 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 3749 Westwood Boulevard

Zoning
LAR3
Parcel Number
4252026026
Total Units
8.0
Living Area
6626
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
0
Lot Size Area
8014

Location

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686
Add your commute
LISTING UPDATED: 02/20/2024 12:01 AM

Property Details for 3749 Westwood Boulevard

StatusActive
MLS #24-357587
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.18 AC / 8,014 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686
Add your commute

Building Information for 3749 Westwood Boulevard

Stories2Residences-Year Built1956Building Size-Lot Size0.18 AC / 8,014 SF

Payment Calculator

$24,412 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,830

Property Taxes

$2,582

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3749 Westwood Boulevard

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Varies
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $219,628
  • Net Operating Income: $144,998.00
  • Gross Income: $224,256
  • Cap Rate: 3.62%
  • Gross Rent Multiplier: $17.67
  • Total Annual Expense: 74631
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.184
  • Lot Size Square Feet: 8014
  • Lot Size Dimensions: 47x170
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Attached
  • Total Parking: 0
  • Parking Features: Assigned
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Other, Wall/Window
  • Heating Type: Other
  • Equipment: Washer, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-12-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,498.00
  • Unit Actual Rent: $2,995.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,524.00
  • Unit Actual Rent: $5,047.00
  • Unit Projected Rent: $5,300.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,429.00
  • Unit Actual Rent: $7,286.00
  • Unit Projected Rent: $8,250.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,360.00
  • Unit Actual Rent: $3,360.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $750,865.00
  • Assessed Improvement Percent: 30.23
  • Assessed Land Value: $1,732,767.00
  • Assessed Land Percent: 69.77
  • Assessed Total Value: $2,483,632.00

Property History for 3749 Westwood 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 3749 Westwood Boulevard

Taxable ValueLand$1,732,767Additions$750,865Total$2,483,632
Tax Record2023$30,987 ($2,582 / month)
Home Facts
Total Finished SqFt6,626 SqFtAbove Grade Finished SqFt6,626 SqFtLot Size8,012 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN4252-026-026

Schools near 3749 Westwood 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
Public - 9 to 12
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 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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3749 Westwood Boulevard is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on February 12, 2024 by Kidder Mathews of California, Inc., it's currently listed at $4,000,000. It has been on the market for a total of 78 days and was last sold on June 15, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Charnock Road Elementary School, Palms Middle School and Venice Senior High School. 3749 Westwood Boulevard is a 15-bed, 10-bath, 6,626 sqft multi-family home built in 1956.

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 Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686

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.