Multifamily

3701 Westwood Blvd

3701 Westwood Blvd, Los Angeles, CA 90034

Listing Price: $2,725,000

Cap Rate
4.52%
Number of Units
7
Price/Unit
$389,286
Price/Gross SF
$475.40
Gross SF
5,732

Investment Overview

Marcus & Millichap is pleased to present for the first time since its original construction the opportunity to acquire this 7-unit apartment building located at 3701 Westwood Boulevard in the Palms sub-market of Los Angeles. Constructed in 1983 and set on an 8,002 square foot lot, the asset has been diligently maintained and offers inviting curb appeal. The two-story property offers an excellent unit mix of three 1 bed/1 bath, one 2 bed/2 bath, two 2 bed/1.5 bath townhomes, and one 3 bed/2.5 bath townhome units. Additional amenities of the property include secure gated parking, private balconies, patio areas, central air conditioning, and spacious layouts. Renters benefit from being in one of the most walkable locations in Los Angeles. The Venice Boulevard corridor is less than half of a mile away, allowing renters to reach a plethora of restaurants, coffee shops, and retail destinations in just minutes. Multiple transit stops are situated close by in both Palms and Culver City for renters to benefit from the transformative Expo Line. This lite rail line provides unprecedented access to Santa Monica and Downtown in just minutes, making the subject property increasingly more accessible. A new owner will benefit from the boundless growth continuing to occur in neighboring Culver City. Google, Amazon, HBO, Sony Pictures, and NFL Networks all maintain or continue to grow their presence nearby which is attracting some of the areas highest paying jobs to this pocket of Los Angeles.

Investment Highlights

  • Constructed in 1983
  • Walkable to shopping along Venice Blvd
  • Easy access to the 405 Freeway
  • Central air conditioning
  • Just minutes to downtown Culver City

Exclusively Listed By

Listing Price: $2,725,000

Cap Rate
4.52%
Number of Units
7
Price/Unit
$389,286
Price/Gross SF
$475.40
Gross SF
5,732

Investment Highlights

  • Constructed in 1983
  • Walkable to shopping along Venice Blvd
  • Easy access to the 405 Freeway
  • Central air conditioning
  • Just minutes to downtown Culver City

Investment Overview

Marcus & Millichap is pleased to present for the first time since its original construction the opportunity to acquire this 7-unit apartment building located at 3701 Westwood Boulevard in the Palms sub-market of Los Angeles. Constructed in 1983 and set on an 8,002 square foot lot, the asset has been diligently maintained and offers inviting curb appeal. The two-story property offers an excellent unit mix of three 1 bed/1 bath, one 2 bed/2 bath, two 2 bed/1.5 bath townhomes, and one 3 bed/2.5 bath townhome units. Additional amenities of the property include secure gated parking, private balconies, patio areas, central air conditioning, and spacious layouts. Renters benefit from being in one of the most walkable locations in Los Angeles. The Venice Boulevard corridor is less than half of a mile away, allowing renters to reach a plethora of restaurants, coffee shops, and retail destinations in just minutes. Multiple transit stops are situated close by in both Palms and Culver City for renters to benefit from the transformative Expo Line. This lite rail line provides unprecedented access to Santa Monica and Downtown in just minutes, making the subject property increasingly more accessible. A new owner will benefit from the boundless growth continuing to occur in neighboring Culver City. Google, Amazon, HBO, Sony Pictures, and NFL Networks all maintain or continue to grow their presence nearby which is attracting some of the areas highest paying jobs to this pocket of Los Angeles.

Exclusively Listed By

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