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$2,350,000
Est. payment /mo
6 Beds
6 Baths
3,380 SqFt
UPDATED:
12/05/2024 02:14 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,380 sqft
Price per Sqft $695
MLS Listing ID 24457665
Bedrooms 6
HOA Y/N No
Year Built 1986
Lot Size 5,941 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 10
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4236021019
Special Listing Condition Standard
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Listed by Neema Ahadian • Marcus & Millichap