Multifamily
Moore.3970
3970 Moore St, Los Angeles, CA 90066
Listing Price: $2,350,000
Investment Overview
Marcus & Millichap is 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.
Moore.3970
Investment Highlights
- 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; in addition, there is abundant parking with 10 space
- 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
- Well-maintained throughout the years; opportunity to add value in unit interiors and achieve premium rents with further upgrades such as vinyl plank flooring, new lighting and fixtures, in-unit washers & dryers, modern cabinetry, and remodeled kitchens & bathrooms, among others
- Separately metered for gas & electric; the building also has a community laundry room
- Ideal location with easy access to retail along Washington Blvd into Venice & Marina del Rey; perfect residence for professionals to commute to nearby employment hubs such as Playa Vista, El Segundo, Santa Monica, and Culver City
- Opportunity to acquire a non-RSO asset on the westside, a submarket that continually produces steady rent growth and appreciation
Exclusively Listed By
Financing By
Listing Price: $2,350,000
Investment Highlights
- 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; in addition, there is abundant parking with 10 space
- 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
- Well-maintained throughout the years; opportunity to add value in unit interiors and achieve premium rents with further upgrades such as vinyl plank flooring, new lighting and fixtures, in-unit washers & dryers, modern cabinetry, and remodeled kitchens & bathrooms, among others
- Separately metered for gas & electric; the building also has a community laundry room
- Ideal location with easy access to retail along Washington Blvd into Venice & Marina del Rey; perfect residence for professionals to commute to nearby employment hubs such as Playa Vista, El Segundo, Santa Monica, and Culver City
- Opportunity to acquire a non-RSO asset on the westside, a submarket that continually produces steady rent growth and appreciation
Investment Overview
Marcus & Millichap is 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.
Exclusively Listed By
Financing By
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