$2,350,000
For Sale

3970 Moore Street

Los Angeles, CA 90066
3380 sqft | 6 beds | 0.14 acres | #24457665
Listing OfficeMarcus & Millichap
Browse 9 photos
Type:Multi-Family
Structure:House
Zone:Commercial

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.

  • Property Details
      • Property SubtypeResidentialIncome
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$2,350,000
      • MLS #24457665
      • MLS #24457665
      • Cost2350000
      • Acres0.1364
      • Square Feet3380
      • Year Built1986
      • Bedrooms6

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
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10.0%

Interest Rate

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6.0%

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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