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
Property listed by Lyon Stahl Investment Real Estate, Inc., Peter James 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
17
Square Ft.
9,165
Lot Size
0.23 Acres
Year Built
1963
MLS Number
26663117
Additional Details
Appliances & Equipment
Range, Refrigerator
Building
Built in 1963, Living area: 9165.0, 1 building, Building faces East, 2 stories, Levels: Two, MultiSplit, Construction Materials: Stucco
Cooling
None
Heating
WallFurnace
Income
Gross Income: $352,020, Net Operating Income: $222,152
Laundry
CommonArea
Lot
0.2291 acres, Dimensions: 142x72, RectangularLot
Parking
13 total parking spaces, Assigned
Pool
None
Taxes
Parcel Number: 4235005001, Zoning: LAR3
Tenant Pays
Electricity
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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