$3,850,000
4121 Marmion Way Los Angeles, CA 90065
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$3,850,000
Est. payment /mo
11,984 SqFt
Active
4121 Marmion Way Los Angeles, CA 90065
UPDATED:
07/15/2024 04:57 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,984 sqft
Price per Sqft $321
MLS Listing ID CRAR24123998
HOA Y/N No
Year Built 1965
Lot Size 0.401 Acres
Acres 0.4
Property Description
9.48% Proforma CAP Rate in an excellent area with 25% vacancy! 4121 Marmion Way, a prime 16-unit Value-Add apartment in the desirable Mount Washington neighborhood of Los Angeles. This well-maintained property is located right off Figueroa St and at the border of Highland Park and South Pasadena. It is surrounded by mature residential neighborhoods and within walking distance of many attractions in Mount Washington area (Lumis House, Southwest Museum, and Metro Gold Line Heritage Square Station). This property is in a mature area and surrounded by single family homes. It has an excellent demographics with ±$122,496 average household income within a-mile radius The property is a two-story garden style apartment. It offers excellent curb appeal and is very well maintained with a serene center courtyard. It was built in 1965, has a total of ±11,984sqft building size, and situated on a large ±17,441SF lot. The property has a new roof that was installed in 2021 and several front windows have been upgraded with dual pane windows. The foundation has been bolted and seismic retrofit of the property was completed in 2015. It offers an excellent unit mix of eight (8) large 2bedroom+1bathroom, and eight (8) large 1bedroom+1bathroom units. Four units are currently vacant and can be delive
Location
State CA
County Los Angeles
Area Listing
Zoning LAR1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl, Wood
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Other, Washer
Exterior
View Y/N false
View None
Building
Lot Description Irregular Lot, Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5465022016
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Han Chen • Growth Investment Group Pasade
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