3970 Moore St, Los Angeles, CA 90066 – 24-457665

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$2,350,000

Est. payment - /mo

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6 BD

6 BA

3,380 SqFt

Active

3970 Moore St Los Angeles, CA 90066

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

10/28/2024 07:55 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,380 sqft

Price per Sqft $695

MLS Listing ID 24-457665

Bedrooms 6

Year Built 1986

Lot Size 5,943 Sqft

Acres 0.1364

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 Palms - Mar Vista

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Covered Parking

Garage Spaces 10.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap