3320 Woodbine St Los Angeles, CA 90064-4852

Property Details for 3320 Woodbine St

Year built

1954

Lot size

0.25 lot acres

Property size

9,143 SF

Zone code

LAR3

Property type

Apartment buildings

APN

4316-032-004

APU

4316032004

Description

This exceptional value-add multifamily investment opportunity presents a rare chance to acquire a 20-unit apartment building in desirable West Los Angeles. The property, comprised of two two-story buildings totaling 15,432 square feet, sits on a 23,092 square foot lot encompassing three parcels (APN: 4316-032-004, 4316-032-009, 4316-032-012) and includes 20 parking spaces. The unit mix consists of six spacious 2-bedroom/2-bathroom units and fourteen 1-bedroom/1-bathroom units, offering a desirable blend for renters. Currently boasting 100% occupancy, the property generates a current NOI of $243,483, with a pro-forma NOI projected at $449,741, representing a significant upside potential. The asking price is $6,000,000, translating to $300,000 per unit and a current cap rate of 4.06%, with a pro-forma cap rate of 7.50%. Built in 1954 and zoned R3, the property has undergone a complete seismic retrofitting. Its prime location near Fox and Sony Studios, along with excellent access to public transportation, ensures strong rental demand and a stable tenant base. One unit is currently vacant, providing immediate potential for increased revenue. The property is being sold "AS IS," "WHERE IS," with the buyer responsible for verifying all information. This is a unique opportunity to acquire a well-located, value-add multifamily asset in a highly sought-after West LA neighborhood.