3961 Moore St, Los Angeles, CA 90066

3961 Moore St, Los Angeles, CA 90066

Los Angeles, CA
$1,950,000

Property Description

INVESTMENT HIGHLIGHTS

  • Value-Add Opportunity located in Prime Mar Vista
  • Currently Operating at a 4.55% CAP and 14.11 GRM
  • Room to grow the income by nearly 50%
  • Unit mix of (1) 2Bed+1Bath, (3) 1Bed+1Bath and (3) Studio+1Bath; 2 Units are Vacant
  • 7 Parking Spots on site + plenty of street parking
  • Retrofit work has been completed

EXECUTIVE SUMMARY

3961 Moore St is a 7 unit apartment building located in the A+ rental market of Mar Vista. The property is currently operating at a 4.55% CAP and 14.11 GRM. This is the perfect opportunity for any investor looking for strong upside in one of the nicest neighborhoods on the Westside of Los Angeles. The property is comprised of (1) 2Bed+1Bath, (3) 1Bed+1Bath and (3) Studio+1Bath units – (1) 2Bed+1Bath and (1) Studio+1Bath are currently tenant-ready. There are 7 parking spots on site, with plenty of street parking. Beneficial to the new buyers, soft story retrofit work has been completed. The subject property is located just minutes from Downtown Culver City and Venice Beach, making it any renters ideal location to live. Many large tech companies have made home in local neighborhoods including Apple, HBO, Google, Sony, and Facebook.

Property Features

  • Sale Price: $1,950,000
  • Area Size: 4,402 Sq. Ft.
  • Land Area: 5,949 Sq. Ft.
  • Year Built: 1968
  • Listing Date: 4/26/2023
  • Closing Date: 9/18/2023
  • Units: 7
  • Current GRM: 14.11
  • Current Cap Rate: 4.55%
  • Price Per Unit: $307,143
  • Market GRM: 9.74
  • Market Cap Rate: 7.63%
  • Current NOI: $97,776

Lyon Stahl Investment Real Estate

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