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Image 1 - 3749 Westwood Blvd, Los Angeles, California, 90034 - House for sale
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Home For Sale In Los Angeles, California
3749 Westwood Blvd, Los Angeles, California, 90034

Home For Sale In Los Angeles, California

house for sale
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Listed: 03/09/24

3749 Westwood Blvd, Los Angeles, California, 90034

15 Bed:
10 Bath:
6,626 Sq Ft Living Area:
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Price
$ 4M

About This House

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.)

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Palms Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.