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$2,350,000

Beds
6
sq ft
3,380

3970 Moore St, Los Angeles, CA 90066

3970 Moore St

Los Angeles, CA 90066

  • 56 days on market
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.

Details

Property type

Lot size

5,943 sq ft

Price per sq ft

$696

Year built

1986

HOA

No

Price History

10/14/2024
CLAW

CLAW #24457665

Listed
$2,350,000

Schools & Community

Neighborhood: 

Mar Vista

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/23/2024 at 8:15 AM

Listing updated: 12/05/2024 at 2:37 PM

Listed by: Neema Ahadian, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #24457665

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