3724 INGLEWOOD, Los Angeles, California
3724 INGLEWOOD, Los Angeles, California 90066 - The "Mar Vista 30" is a unique and significant multifamily investment property housing 30 large and open units situated on a huge 3/4 of an acre lot. Composed of 3, 10 unit buildings, this offering has an ideal mix totaling 22 (2 + 1) and 8 (1 + 1) units with an impressive average unit size of 873 square feet per unit.Known today as Silicon Beach, the units on 3724, 3730, and 3736 Inglewood Blvd are near to many of the most prominent tech companies in the nation. Facebook, Google, Snapchat, YouTube, Tesla (to name a few) all have significant facilities nearby.Given the scale, location, upside, and bankable features, this property is attractively priced at only $381.68 per square foot, nearly $30.00 per square foot below the average cost of $410.48 per square foot for recently sold comparable properties. Current rents comfortably align the property's pricing to GRM and CAP rate expectations for this submarket, making this a financeable asset in a coveted Westside location.
Listing Courtesy of RE/MAX ESTATE PROPERTIES
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