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… Read More 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. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
116
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,380
Lot Size
0.14 Acres
Year Built
1986
MLS Number
24-457665
30 Days Snapshot Of 90066
$2,183k
-7%
(avg) sold price
13
-45%
homes sold
81
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
3,380 sq ft, Built in 1986, Levels: Two
Cooling
None
Disclosures
None
Garage
Covered Parking
Heating
None
Lot
LotAcreage: 0.1364, LotSizeArea: 5,943
Parking
TotalParking: 10
Property
NumberOfUnits: 6, Zoning: LAR3
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