3970 Moore St - Apartments FOR SALE


Los Angeles, CA 90066
$2,350,000 USD
310-909-5444
3970 Moore St, Los Angeles, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/11
null | 3.86% Cap Rate

3970 Moore St
Los Angeles, CA 90066


HIGHLIGHTS

  • Six-unit investment opportunity in the Mar Vista neighborhood of the westside of Los Angeles at 3970 Moore St, located just north of W Washington Blvd
  • The property features a unit mix made up of all one-bedroom units; five of the units feature lofted bedrooms with high ceilings in the living room
  • Abundant parking with 10 spaces
  • Built in 1986, the property is not subject to Los Angeles city rent control
  • Long-time ownership, this is the first time the property has been marketed for sale since it was built
  • Considerable rental upside of over 25% achievable as units turn

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$695 USD /SF

# OF UNITS

6

PRICE/UNIT

$391,667

CAP RATE

3.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

4236-021-019

ASK ABOUT THIS PROPERTY

Neema AhadianMarcus & MillichapMore Info
310-909-5444

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Neema AhadianMarcus & MillichapMore Info
310-909-5444

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