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$1M EXIT IN PALMS | 16 UNITS | 5.77% CAP 3705 WESTWOOD BL 16 Unit Apartment Building $7,328,580 CAD ($458,036 CAD/Unit) 5.77% Cap Rate Los Angeles, CA 90034
INVESTMENT HIGHLIGHTS
- BUILD 5 NEW UNITS WITHOUT SACRIFICING PARKING!
- Large Lot 16,010 SF with 16 Parking Carports
- All appliances in each unit come with Choice Home Warranty covering major equipment: Water Heaters, AC, Fridges, & Plumbing
- A design proposal for 4 x 2 Bedroom units and one 1-bedroom unit for a total of 5 new units and over 3,300 sq ft,
- Gated, Two Story Asset w/ Strong Unit Mix of (2) 3+2, (3) 2+2, (5) 2+1, (6) 1+1
- Capital improvements, including a new roof and copper plumbing
EXECUTIVE SUMMARY
3705 Westwood Blvd is a highly coveted 16-unit multi-family asset located in the most desired pocket of LA. 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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $7,328,580 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $458,036 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 5.77% | Building Size | 13,201 SF |
| Gross Rent Multiplier | 11.52 | Average Occupancy | 80% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | R3-1 | ||
| Price | $7,328,580 CAD |
| Price Per Unit | $458,036 CAD |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| Gross Rent Multiplier | 11.52 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 13,201 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R3-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $17,191 CAD | - |
| 2+2 | 3 | $9,866 CAD | - |
| 2+1 | 5 | $16,057 CAD | - |
| 3+2 | 2 | $9,297 CAD | - |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 4252-026-036 | Total Assessment | $2,582,723 CAD (2025) |
| Land Assessment | $1,092,685 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,490,038 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4252-026-036
Land Assessment
$1,092,685 CAD (2025)
Improvements Assessment
$1,490,038 CAD (2025)
Total Assessment
$2,582,723 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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$1M EXIT IN PALMS | 16 UNITS | 5.77% CAP | 3705 WESTWOOD BL
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