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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.
Property Type(s):
Residential Income
| Last Updated | 10/28/2024 | Year Built | 1986 |
|---|---|---|---|
| Community | Palms - Mar Vista | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Palms - Mar Vista |
| GARAGE | Covered |
| HEAT | None |
| LOT | 5943 sq ft |
| PARKING | Covered |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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