Stats

• Listing Price $2,250,000
• Price per Unit $562,500
• Price per Sq/Ft $437
• Cap Rate 3.84%
• GRM 15.52
• Number of Buildings 1
• Number of Units 4
• Gross Building Area 5,151 SF
• Lot Size 6,384 SF
• Floors 4
• Year Built 1936
• Parking 4 carport spaces
• Zoning LAR3-1

About the Property

The Kanner Group is pleased to present 3964 W 7th St, a rare, architecturally-significant example of French Normandy Revival elegance, nestled on a tranquil tree-lined street in the coveted Hancock Park-adjacent neighborhood of historic Los Angeles, just west of Western Ave and south of Wilshire Blvd. Showcasing hallmarks of the architectural style popular in the 1920s and 1930s, the property features a steeply pitched roof, a striking round turret-like tower entry, and charming multi-pane leaded windows that exude European-inspired sophistication. Offering timeless charm and modern comfort, this trophy 4-plex is a fantastic value-add opportunity for multifamily investors or owner-occupiers with 31%+ rental upside potential. The property’s lush, manicured setting is framed by verdant, picturesque trees and shrubbery, offering a tranquil retreat while being mere moments from the vibrant culture, dining, and entertainment of Larchmont Village, Hancock Park, and Mid-Wilshire.

Built in 1936, the 2-story building is comprised of 4 bright and expansive (2+1) units that average approximately 1,225 gross square feet. The 5,151 square foot structure is situated on a 6,384 square foot lot. Each of the expansive two-bedroom units offers a blend of classic charm and modern conveniences, from hardwood floors and crown molding to large, bright, floor-to-ceiling windows and walk-in closets providing ample storage space. There are 4 individual carport parking spots in the parking lot beside the building; two of the carport spaces are behind a secure gate, the other two are secure garage spaces on the street. All units are equipped with newer central HVAC units and washer/dryer hookups, providing comfort and convenience for tenants. The property has a new roof, electric, and plumbing, and is separately metered for gas and electric.

With its tree-lined streets with mature magnolias, oaks, and sycamores, historic architecture, and a Walk Score of 91, the property’s Hancock Park-adjacent location—near Larchmont and Koreatown—offers residents easy access to the countless shopping, dining, entertainment, and recreation options of Hancock Park, Larchmont Village, Wilshire Center, Mid-Wilshire, Koreatown, and the revitalized Downtown Los Angeles—less than 4 miles to the east. The building is 1.8 miles north of the 10 freeway, 2.2 miles south of the 2 and 101, and 3 miles northwest of the 110. 

3964 W 7th St is well-positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.