We are pleased to present a rare six-unit investment opportunity at 3970 Moore Street, located in the desirable Mar Vista neighborhood on the westside of Los Angeles. This well-maintained property, built in 1986, features a unique unit mix of all one-bedroom apartments, with five units boasting lofted bedrooms and high ceilings in the living room. The property includes 10 parking spaces and is separately metered for gas and electricity, along with a community laundry room. Not subject to Los Angeles city rent control, this asset provides considerable upside potential with over 25% achievable rent growth as units turn. There is significant value-add potential through interior upgrades, such as vinyl plank flooring, modern fixtures, remodeled kitchens and bathrooms, in-unit washers and dryers, and new cabinetry. Located in a prime area with easy access to retail along Washington Boulevard, this property is ideal for professionals commuting to Playa Vista, El Segundo, Santa Monica, and Culver City. The westside submarket has a consistent track record of rent growth and property appreciation, making this a highly attractive investment for those looking to acquire a non-RSO asset in a dynamic and thriving area. This is the first time this property has been marketed for sale since its construction, offering a unique opportunity for investors.
Listed by Neema Ahadian
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License #01346750
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Marcus & Millichap
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13109095444
Last updated December 04, 2024
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Source: CRMLS #24457665
Listing Facts
TypeMulti-family
NeighborhoodMar Vista
Bedrooms6
Days on Prevu330
Size3,380 sqft
Price per sqft$695
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/14/2024
Listed by Marcus & Millichap
$2,350,000
Property Details for 3970 Moore Street
Exterior
Construction
Number Of Units Total: 6
Stories: 2
Year Built: 1986
Measurements
Building Area Total: 3,380
Lot Size Acres: 0.13
Lot Size Area: 5,943
Lot Size Square Feet: 5,943
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 3.86
Gross Income: $157,140.00
Taxes
Parcel Number: 4236021019
Interior
Measurements
Living Area: 3,380
Rooms
Bathrooms Total Integer: 6
Bedrooms Total: 6
Parking
Parking
Parking Features: Covered
Parking Total: 10
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.