Los Angeles, CA 90066 3499 Sawtelle Boulevard

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  • MLS# 21754878
  • 06/30/2021
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Presented By: Kelly Morgan with Keller Williams-Santa Monica - 310-836-3638
  • Beds • 11
  • Baths • 20
  • SQFT • 10,445
  • Year Built • 1959

Home Details

Located just minutes from the beach and tech hubs such as Silicone Beach, Playa Vista and Culver City, this 20 unit value add opportunity is a perfect choice for a value add investor looking to finish with a completely rehabbed building at a 5.7% cap rate on the Westside. With 16 vacancies, the property is ready for an investor to hit the ground running. By completely renovating the building, converting units and adding five to seven Accessory Dwelling Units (ADUs), the property has the ability to achieve a 20% IRR after a five year hold. The nine singles can be converted into one bedrooms. The ten one bedrooms can either be converted into an open floor plan or a den can be added. One of the one bedrooms can be converted into a two bedroom.An ADU specialist confirmed that five attached one bedroom ADUs can be added to the property for additional income without losing parking spaces. An additional two detached two bedroom ADUs can be built by filling in the pool and building them on the South side of the courtyard. Renovation costs, construction costs and even ADU quotes are included in the financials. Before and after photos as well as floor plans demonstrate how to reach the 20% IRR. ***Please contact us for an OM, please ask about our Condo Conversion OM as well.***
Presented By: Kelly Morgan with Keller Williams-Santa Monica - 310-836-3638

Interior Features for 3499 Sawtelle Boulevard

Other Interior Features

Air Conditioning Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area

General for 3499 Sawtelle Boulevard

AppliancesRefrigerator, Vented Exhaust Fan
Community FeaturesPool
CoolingNone
HeatingWall Furnace
Listing AgentKelly Morgan - BRE#01898026
Listing Agent State License01898026
Lot Size Square Feet15750
MLS AreaC13 - Palms - Mar Vista
Pool FeaturesCommunity
Private PoolNo
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
StatusActive
Total Units20
Virtual TourClick here
ZoningLAR3

Exterior for 3499 Sawtelle Boulevard

Lot Size Acres0.36
Lot Size Area15750
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings1
Parking FeaturesCovered

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $8,000,000
MLS#21754878
List Date 06/30/2021
Property Type Income
Phone 310.658.1749
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