3854 Moore St, Mar Vista, CA 90066

3854 Moore St, Mar Vista, CA 90066

Mar Vista, CA
$1,550,000

Property Description

3854 Moore Street is a well-positioned 4-Unit in Mar Vista. This property boasts a desirable unit mix consisting of (2) 3-Bed/2-Bath units, (1) 1-Bed/1-Bath unit, and (1) studio unit. The building includes (8) Total Parking Spots: (2) Carport Spots in The Front with (2) Additional Tandem Spots in the Driveway & (4) Spaces in the Back. The 3,732 SF building is priced at $454.18 per SF and offers massive upside potential with a market cap of 7.03%. The property is in one of Los Angeles’ Westsides hottest submarkets, just a short distance from Venice, Culver City, Santa Monica, and the prime retail corridors on Rose Avenue and Abbot Kinney Boulevard.

Property Features

  • Sale Price: $1,550,000
  • Area Size: 3,732 Sq. Ft.
  • Land Area: 3,837 Sq. Ft.
  • Year Built: 1966
  • Listing Date: 5/5/2023
  • Closing Date: 9/14/2023
  • Units: 4
  • Current GRM: 16.93
  • Current Cap Rate: 3.90%
  • Price Per Unit: $423,750
  • Market GRM: 10.87
  • Market Cap Rate: 7.03%
  • Current NOI: $66,024