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… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
46
Last Updated
Property Type
Other
Beds
17
Square Ft.
9,165
Lot Size
0.23 Acres
Year Built
1963
MLS Number
26663117
30 Days Snapshot Of 90066
$1.78M
-24%
(avg) sold price
27
+35%
homes sold
56
+33%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Gas, Range, Refrigerator, Range/Oven
Building
9,165 sq ft, Built in 1963, Levels: Multi/Split, Two
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