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3938 East Blvd - 3938 East Blvd – Mar Vista Duplex Income Prop 2 Unit Apartment Building Offered at $2,395,000 at a 3.90% Cap Rate Los Angeles, CA 90066
INVESTMENT HIGHLIGHTS
- 100% Vacant Duplex – ideal for owner/user, developer, or investor
- Zoned LAR1 with potential for ADU or future redevelopment (buyer to verify)
- Two Detached Homes totaling 2,042 SF on an expansive 11,066 SF lot (0.25 acres)
EXECUTIVE SUMMARY
Charming 100% Vacant Duplex with Development & Income Potential in Prime Mar Vista
Discover a rare investment or owner-user opportunity on a massive 11,066 sq ft lot featuring two detached homes totaling 2,042 sq ft. The front residence offers 2 bedrooms and 2 baths, ready for reimagining, while the rear 2 bed / 1 bath unit has been recently updated and is rent-ready.
Highlights include private alley access, front and rear driveways for up to 6 cars, and a detached 2-car garage ideal for conversion or ADU expansion (buyer to verify). Zoned LAR1, this property offers flexibility for redevelopment, long-term investment, or a dream compound setup.
Situated on a picturesque, tree-lined street just south of Venice Blvd and minutes from beaches, Culver City, and major freeways.
Delivered 100% vacant – an exceptional opportunity to maximize rental income or build new in one of West LA’s most desirable pockets.
Discover a rare investment or owner-user opportunity on a massive 11,066 sq ft lot featuring two detached homes totaling 2,042 sq ft. The front residence offers 2 bedrooms and 2 baths, ready for reimagining, while the rear 2 bed / 1 bath unit has been recently updated and is rent-ready.
Highlights include private alley access, front and rear driveways for up to 6 cars, and a detached 2-car garage ideal for conversion or ADU expansion (buyer to verify). Zoned LAR1, this property offers flexibility for redevelopment, long-term investment, or a dream compound setup.
Situated on a picturesque, tree-lined street just south of Venice Blvd and minutes from beaches, Culver City, and major freeways.
Delivered 100% vacant – an exceptional opportunity to maximize rental income or build new in one of West LA’s most desirable pockets.
PROPERTY FACTS
| Price | $2,395,000 | Property Type | Multifamily |
| Price Per Unit | $1,197,500 | Building Size | 2,042 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 3.90% | No. Stories | 1 |
| Gross Rent Multiplier | 18.1 | Year Built | 1925 |
| No. Units | 2 | ||
| Zoning | LAR1 - Single-family or duplex use; potential for ADU | ||
| Price | $2,395,000 |
| Price Per Unit | $1,197,500 |
| Sale Type | Investment |
| Cap Rate | 3.90% |
| Gross Rent Multiplier | 18.1 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,042 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1925 |
| Zoning | LAR1 - Single-family or duplex use; potential for ADU |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,050 |
| 2+1 | 1 | - | - |
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3938 East Blvd - 3938 East Blvd – Mar Vista Duplex Income Prop
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