$ 3,350,000
-
$3,350,000
Price -
17
Bed -
19
Bath -
9,165
SqFt
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About the Listing X82195 - C138168
3945 Frances is an opportunity to acquire a 19 unit offering in a prime pocket of Mar Vista, adjacent to multi-million dollar homes. The property consists of 19 units, of which, (6) bachelor units are non-conforming. The current unit mix is (13) 1 bed, 1 bath and (6) bachelor, 1 bath units spread out across 9,165 square feet. The building was built in 1963 and sits on a 9,976 square foot lot zoned LAR3. There are currently 2 vacant 1 bed, 1 bath units that offer an investor the opportunity to capture immediate upside. With it's central location on the Westside, the Mar Vista submarket captures premium rents and the ability to increase cash flow on day one. The building offers on-site laundry facilities and 13 parking spaces, a necessary amenity in this part of town. Mar Vista has benefited from it's location, adjacent to Venice to the west, Culver City to the south, and West LA to the north. These locations have seen massive growth and development, with both an influx of businesses and residents that have helped rejuvenate these markets, making them a premiere rental pocket in LA's most desirable and renter friendly pocket.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
26663117
Year Built
1963
Total Square Footage
9,165
Lot/Acreage
0.23
County
Los Angeles
Interior Details
- Bedrooms: 17
- Bathrooms: 19 Full
- Appliances: Gas, Range
- Air Cond:
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Alley Paved,Lot-Level/Flat,Lot Shape-Rectangular
- Garage Capacity: N/A
- Parking Spaces: 13
- Lot Dimensions: 142x72
- Zoning: LAR3
- Roof:
- Others:
- Sewer: In Street
- Parking Features: Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
3945 Frances Ave Los Angeles, CA 90066
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