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27833813
27833825

3938 East Blvd, Los Angeles, CA 90066

TP
CA 01858429
Pardee Properties
Listed by Pardee Properties
$2,395,000
229 days on market
Updated 124 days ago

3938 East Blvd – Mar Vista Duplex Income Property

Details
APN 4214-015-025
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,042
Net Rentable (SqFt) 2,042
Units 2
Cap Rate 3.90%
NOI $92,400
Pro-Forma Cap Rate 5.51%
Pro-Forma NOI $132,000
Price per SqFt $1,197,500
Class C
Year Built 1925
Buildings 2
Stories 1
Acreage 0.250
Zoning LAR1
Investment Type Value Add
Ownership Fee Simple

Charming 100% Vacant Duplex with Value-Add Potential in Mar Vista

Marketing description

Discover an exceptional opportunity to own a two-unit income property on a sprawling 11,066 SF lot in one of Mar Vista’s most desirable neighborhoods. Featuring a total of 2,042 SF, this property includes two detached homes — a 2 bed / 2 bath front house brimming with renovation potential and a 2 bed / 1 bath rear home that’s been tastefully updated and ready for occupancy.

With 100% vacancy, this duplex is a blank canvas for an owner-user, developer, or investor looking to maximize value through renovation, rental income, or redevelopment. The property offers private alley access, front and rear driveways, and parking for up to 6 vehicles, including a detached 2-car garage ideal for an ADU conversion (buyer to verify).

Zoned LAR1, the expansive lot allows for multiple possibilities — from income-producing rentals to a new construction compound. Just minutes to Venice Beach, Culver City, and the 405 freeway, this property combines location, flexibility, and future upside.

Investment highlights

  1. 100% Vacant Duplex – perfect for owner-user, investor, or developer

  2. Two Detached Homes totaling 2,042 SF on an 11,066 SF lot (0.25 acres)

  3. Zoned LAR1 – potential for ADU or redevelopment (buyer to verify)

  4. Front Unit: 2 bed / 2 bath – classic fixer with renovation potential

  5. Rear Unit: 2 bed / 1 bath – updated and move-in ready

  6. Private alley access, two driveways, and parking for 6 cars

  7. Detached 2-car garage – ideal for ADU conversion

  8. Prime Mar Vista location near Venice Blvd, Washington Pl & 405

Listing Contacts

TP
CA 01858429
Pardee Properties
Listed by Pardee Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$92,400.00
$7,700.00/mo

Valuation Metrics

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DSCR
3.86%
Cap Rate
3.86%
ROI

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