3970 Moore Street
$2,350,000
6
6
3,380
3,380
$695
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...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.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 3970 Moore Street
Zoning
LAR3
Parcel Number4236021019
Total Units6.0
Living Area3380
Source Living AreaVendor Enhanced
AreaPalms - Mar Vista (C13)
Vacancy Rate1
Lot Size Area5943
LISTING UPDATED: 10/28/2024 12:55 PM
Property Details for 3970 Moore Street
Status | Active |
---|---|
MLS # | 24-457665 |
Days on Market | 69 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.14 AC / 5,943 SF |
County | Los Angeles County |
Building Information for 3970 Moore Street
Stories-Residences-Year Built1986Building Size-Lot Size0.14 AC / 5,943 SF
Property Information for 3970 Moore Street
Property History for 3970 Moore Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3970 Moore Street
Taxable ValueLand$401,951Additions$602,939Total$1,004,890
Tax Record2024$12,974 ($1,081 / month)
Home Facts
Total Finished SqFt3,380 SqFtAbove Grade Finished SqFt3,380 SqFtLot Size5,943 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLAR3CountyLOS ANGELESAPN4236-021-019
Schools near 3970 Moore Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Grand View Boulevard Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Phoenix Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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