3964 W 7th St - Apartments FOR SALE


Los Angeles, CA 90005- Koreatown
$2,250,000 USD
323-605-2114
3964 W 7th St, Los Angeles, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/28
null | 3.84% Cap Rate

3964 W 7th St
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • Rare, architecturally significant French Normandy Revival 4-plex w/ great value-add opportunity (31%+ rental upside)
  • Ultra prime Hancock Park-adjacent location on a tranquil tree-lined street
  • Charming French Normandy Revival architectural elements including pitched roof, striking round turret-like tower entry, & multi-pane leaded windows
  • Great Unit Mix: 4 (2+1) bright and spacious units w/ hardwood floors, crown molding, large floor-to-ceiling windows and walk-in closets
  • 4 secure parking spaces (2 carport spaces behind a secure gate, 2 secure garage spaces on the street)
  • Exceptional 91 WalkScore: Walker’s Paradise; Steps from the vibrant culture & entertainment options of Larchmont Village, Hancock Park, & Mid-Wilshire

OVERVIEW

The Kanner Group is pleased to present 3964 W 7th St, a rare, architecturally-significant example of French Normandy Revival elegance, nestled on a tranquil tree-lined street in the coveted Hancock Park-adjacent neighborhood of historic Los Angeles, just west of Western Ave and south of Wilshire Blvd. Showcasing hallmarks of the architectural style popular in the 1920s and 1930s, the property features a steeply pitched roof, a striking round turret-like tower entry, and charming multi-pane leaded windows that exude European-inspired sophistication. Offering timeless charm and modern comfort, this trophy 4-plex is a fantastic value-add opportunity for multifamily investors or owner-occupiers with 31%+ rental upside potential. The property’s lush, manicured setting is framed by verdant, picturesque trees and shrubbery, offering a tranquil retreat while being mere moments from the vibrant culture, dining, and entertainment of Larchmont Village, Hancock Park, and Mid-Wilshire. Built in 1936, the 2-story building is comprised of 4 bright and expansive (2+1) units that average approximately 1,225 gross square feet. The 5,151 square foot structure is situated on a 6,384 square foot lot. Each of the expansive two-bedroom units offers a blend of classic charm and modern conveniences, from hardwood floors and crown molding to large, bright, floor-to-ceiling windows and walk-in closets providing ample storage space. There are 4 individual carport parking spots in the parking lot beside the building; two of the carport spaces are behind a secure gate, the other two are secure garage spaces on the street. All units are equipped with newer central HVAC units and washer/dryer hookups, providing comfort and convenience for tenants. The property has a new roof, electric, and plumbing, and is separately metered for gas and electric. With its tree-lined streets with mature magnolias, oaks, and sycamores, historic architecture, and a Walk Score of 91, the property’s Hancock Park-adjacent location—near Larchmont and Koreatown—offers residents easy access to the countless shopping, dining, entertainment, and recreation options of Hancock Park, Larchmont Village, Wilshire Center, Mid-Wilshire, Koreatown, and the revitalized Downtown Los Angeles—less than 4 miles to the east. The building is 1.8 miles north of the 10 freeway, 2.2 miles south of the 2 and 101, and 3 miles northwest of the 110. 3964 W 7th St is well-positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$437 USD /SF

# OF UNITS

4

PRICE/UNIT

$562,500

CAP RATE

3.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,384 SF

ZONING

R3-1

APN/PARCEL ID

5092-027-025

ASK ABOUT THIS PROPERTY

Matthew KannerThe Kanner GroupMore Info
323-605-2114

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Matthew KannerThe Kanner GroupMore Info
323-605-2114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.