3945 Frances AVE, Los Angeles, CA 90066
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3945 Frances AVE, Los Angeles, CA 90066
3945 Frances AVE, Los Angeles, CA 90066
3945 Frances AVE, Los Angeles, CA 90066
3945 Frances AVE, Los Angeles, CA 90066
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Lisa Bethel

Lisa Bethel

+1(818) 319-5060
$ 3,350,000
Est. payment /mo
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Pending

3945 Frances AVE Los Angeles, CA 90066

17 Beds

19 Baths

9,165 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 9,165 sqft

Price per Sqft $365

MLS Listing ID 26663117

Bedrooms 17

HOA Y/N No

Year Built 1963

Lot Size 9,979 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned

Pool None

View Y/N No

View None

Total Parking Spaces 13

Private Pool No

Building

Lot Description Rectangular Lot

Faces East

Story 2

Entry Level Two,Multi/Split

Sewer Other

Level or Stories Two, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4235005001

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Peter James Lyon Stahl Investment Real Estate, Inc. #01748556

NEARBY SCHOOLS & PROPERTIES

Lisa Bethel

Lisa Bethel

Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953

+1(818) 319-5060

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3945 Frances AVE