Prime Westside MultiFamily Property at 3705 Westwood Blvd
FOR SALE
View more
$5,150,000
3705 Westwood Boulevard, Los Angeles, CA 90034
13,201 SF
Square Feet
$390
PPSF
6.05%
CAP
Property Description
NOI
$311,453
Cap Rate
6.05%
Prime Westside location in the heart of LA's creative economy corridor. Walking distance to Sony Pictures, Amazon Studios, HBO, Culver Steps, and major employers driving the region's youngest, highest-earning demographic.
INVESTMENT HIGHLIGHTS
✅ Stabilized Cash Flow: Fully occupied 16-unit asset with in-place income
✅ Turnkey Condition: Recent capex completed; all appliances under Choice Home Warranty
✅ Institutional Tenant Base: Proximity to major studios and tech campuses ensures strong, sustained demand
✅ Supply-Constrained Market: Limited new construction in one of LA's most desirable rental corridors
✅ Turnkey Condition: Recent capex completed; all appliances under Choice Home Warranty
✅ Institutional Tenant Base: Proximity to major studios and tech campuses ensures strong, sustained demand
✅ Supply-Constrained Market: Limited new construction in one of LA's most desirable rental corridors
VALUE-ADD OPPORTUNITY
Add 5 New ADU Units Without Losing Parking
- Approved design proposal for (4) 2-bed + (1) 1-bed ADUs
- 3,300+ SF of new rentable area
- Construction Cost: ~$160,000/door ($800K total)
- Projected Income Post-ADU: $50,515/month
- Value Creation: $1.8M+ in asset value
- Net Profit Potential: $1M+ within 12–18 months
At $160K/door in a market where replacement cost exceeds $500K/door, this represents one of the highest-return ADU plays on the Westside.
WHY NOW
- Market rents continue trending upward driven by employment growth
- Immediate scalability: expand from 16 to 21 units with executable plan
- Rare combination of stable income + development upside in irreplaceable location
- Build equity and cash flow simultaneously
Property Details
Asset Type
MultiFamily
Year Built
1957
Zoning
LAR3
Lot Size
16,010 SF
Neighborhood
Palms
Submarket
Los Angeles
ZIP
90034
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$494,121
Debt Service Coverage Ratio (DSCR)
1.69x
Cap Rate
9.59%
Cash Flow (Annual)
$201,157
Cash-on-Cash Return
15.62%
Monthly Debt Service
$24,414
Annual Debt Service
$292,964
View on Map
Address
3705 Westwood Boulevard
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
